Lower than estimated production and robust requirement may fuel a price rally in black pepper after April month, when the present harvest season ends in the country.
Going by the trend of arrivals, Indian black pepper processors and exporters have projected a crop of 40,000 tonnes in the current season, around 25% less than 53,000 tonnes forecast by International Pepper Community ( IPC), a world wide inter-governmental organisation of pepper producing countries.
Inclement weather has striked output from Kerala & production is presently dependent on arrivals from Karnataka. The prices had reached a high of Rs 765 per kg, before went down. The current price is near Rs 625 in the spot market.