Black pepper prices spike, likely to rise further
Black and White Pepper Prices in Vietnam which showed a bit easing mode on Monday moved up again from Tuesday to Friday with a further firming trend below the surface As demand outstrips supply and imports become expensive, black pepper prices have risen, prompting growers to resort to hoarding in anticipation of bigger profits. That in turn is increasing prices even more. Shrinking carryover stock in the Vietnam market , drying up of imports, hoarding and anticipated shortage in the current harvest due [...]