Pepper Prices Consolidate in Asian Origins

There’s been a buying frenzy from all five continents as pipeline stocks are emptying and stockpiles in importing countries are depleting. This is happening because replacement costs are high, and Brazilian pepper, despite being priced slightly below Vietnamese pepper, isn’t attractive enough for traders .It’s noteworthy that despite a 50% tariff on Brazilian pepper imports into the USA, Vietnam has suddenly withdrawn from importing Brazilian pepper. This makes re-exporting Brazilian pepper to the USA unworkable for traders due to the tariffs.

As of market closing today in Asian markets, the following price indications were available: