The International Pepper Community (IPC), which got underway here, also made a strong plea for a credible roadmap to improve quality, promote mechanisation of pepper processing and make sustainable cultivation of the spice.
"For sustaining the rate of production, realising remunerative prices is an important factor," he said and appealed to the trading community to avoid speculative activity and ensure stable price for a sustainable and inclusive development of the pepper industry.
Hence, it will be the prime responsibility of the policymakers to ensure the quality of the produce and premium price to the farming community, he added.
Set up in 1972 by the UNESCAP, Jakarta-headquartered IPC is an inter-governmental body of major pepper producing countries with a mandate to promote, co-ordinate and harmonize all activities relating to the pepper economy.
In his inaugural address, Ministry of Commerce & Industry
Additional Secretary Rajani Ranjan Rashmi, said the global consumption of pepper, estimated at about 350,000 MT, is consistently growing, which has ensured good returns to farmers.
The official said pepper prices have been buoyant during the last year and even touched an all-time high of USD 9.90 per kg for black pepper and USD 13.57 per kg for white pepper in November 2014, which existed at this level in October this year as well. The total export of pepper during 2014 was about 278,00 MT valued at USD 2.30 billion.
"However, the future growth of pepper economy has to be addressed at different dimensions. Prices have to be stabilised through transparency, value additions have to be created and standardisation of products for medicine and global consumption needs to be ensured," he said.
In his keynote address, MP from Mysore-Kodagu constituency Pratap Simha said Karnataka has emerged as the leading pepper producing state in the country, accounting for over 50 per cent of production.
He urged the Central government to support pepper farmers through a special scheme for replanting and new planting in Coorg, Hassan and Chiickmagalore districts of the state and ensure higher rate of subsidy to incentivise more farmers to take up pepper cultivation.
Around 250 delegates from IPC member countries --Brazil, India, Indonesia, Malaysia, Sri Lanka and Vietnam -- are attending the convention to deliberate on the recent advancements in pepper cultivation, production, processing, marketing, quality improvement, research and development as well as trade promotion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
