SPICES MARKET OVERVIEW | FEBRUARY 2026

 

SPICES MARKET OVERVIEW | FEBRUARY 2026

Jan-26
Price INR/Kg
Price Trend - Black Pepper India
Garbled UnGarbled

SPICES MARKET OVERVIEW | FEBRUARY 2026

INDONESIA
Season
Indonesia Crop Status & Market Trend: Black Pepper
BLACK PEPPER INDONESIA JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Price Trends: Indonesian pepper prices indicated a stable trend in January due to low availability and
continued demand.
Market Arrivals: Prolonged heavy rainfall has adversely affected both planted areas and yields, continuing the
long-term downward trend. The harvest season is expected to be delayed compared to previous years.
Market Outlook: Shipments and demand continued to be slow due to Cesium-137 alert for Indonesia. Carry
forward stocks are lower than normal.
Price Variation: The current pepper prices have firmed up by 3-4% when compared to the same period in
2025.

SPICES MARKET OVERVIEW | FEBRUARY 2026
INDONESIA
White Pepper (WP)
Crop Status & Market Trend:
Price Stability: Muntok white pepper prices continue to be firm in January.
Demand: Domestic and international demand continues to be strong. Buyers
are actively covering all available grades and quality.
Seasonal Outlook: The prices are expected to continue the firm trend in 2026.
Favourable international and domestic demand will push the prices to
higher levels.
Price Variation: The current pepper prices have firmed up by 10-13%
when compared to the same period in 2025.

SPICES MARKET OVERVIEW | FEBRUARY 2026
VIETNAM
Season
Crop Status & Market Trend: Vietnamese Pepper
BLACK PEPPER VIETNAM JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Market Trend: Vietnam pepper prices remained stable due to low availability in January. The overall balance
continues to favour elevated prices amid production risks and limited supply growth.
Crop Status: Pepper harvest is expected to peak in late February and extend through April.
Crop Production: Pepper production prospects for 2026 face notable challenges due to unfavourable weather
paerns. Drought conditions at the start of the year, followed by prolonged heavy rainfall during the rainy
season, have affected the yielding, particularly in aging pepper plantations. As a result, many growing regions
are expected to record only average yields, with total output potentially declining by around 15-20% compared
to 2025.
Export Outlook: Pepper exports during the first 15 days of January 2026 totalled 9,050 tonnes, including 7,228
tonnes of black pepper. Export volumes declined by 3.7% compared with the first half of December 2025 but
increased sharply by 41.8% compared with the same period in January 2025.

SPICES MARKET OVERVIEW | FEBRUARY 2026
Material Availability: The availability of quality pepper has improved with new season arrivals.
Price Variation: The current pepper prices have reduced by 7% when compared to the same period in 2025.

SPICES MARKET OVERVIEW | FEBRUARY 2026
SRILANKA
Season
Crop Status & Market Trend: Sri Lankan Pepper
BLACK PEPPER SRI LANKA JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Crop Arrivals: The new crop is reported to be good. 10-15% damage has been reported
from the cyclone hit areas. Overall, the crop production is expected to be at near
normal levels of 22,000 to 24,000 MT in 2026.
Seasonal Outlook: The prices are expected to stabilise in the new crop season due to
favourable production and normal demand conditions. New crop arrival is expected in
March – April.
Price Variation: The current pepper prices have reduced by 14-16% when compared to
the same period in 2025.
Price Stability: Stable price trend prevails in the market due to lower demand and higher carry forward stocks.

SPICES MARKET OVERVIEW | FEBRUARY 2026
BRAZIL
Season
Crop Status & Market Trend: Brazilian Pepper
BLACK PEPPER SRI LANKA JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Price Stability: Pepper prices were stable in January due to favourable demand and higher availability.
Crop Conditions: For 2026, production is projected to remain broadly stable at 2025 levels, as newly planted
areas are expected to offset climate-related production losses. Several southern regions of Brazil have already
entered the 2026 harvest season.
Production: Pepper production in 2025 was 28% higher than 2024 levels, supported by favourable weather
conditions.
Future Price Expectations: Prices are expected to continue the stable trend in the short term.