Pepper prices rose marginally in anticipation of curbs on imports from Sri Lanka in the coming budget. This however had pushed up costs for buyers. | |
| The Spices Board had recommended import controls through quotas. |
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| International pepper price for the garbled variety rose to Rs 7500 per quintal earlier this week. |
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| Few countries were now selling in India. The highest pepper price in the world was at Kochi. |
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| The Indian price was $1725 per tonne. In contrast, Indonesian pepper was at $1375-1400 and Vietnam's ASTA variety was at $1370. |
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| Pepper from Brazil would hit the global market by October. |
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| Import of pepper from Sri Lanka was the only problem, with the landing price at Kochi being $1500/t. Traders said pepper prices could go up if the budget was favourable. |
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