Pepper Market Review

During the year 2015 the pepper market was very encouraging and active as global pepper production and export increased over the previous year and prices prevailed recorded highest achieved so far. Based on the latest information received by the IPC, total export of pepper from producing countries in 2015 excluding the raw materials used for manufacturing pepper oil and oleoresin for export was around 297,600 Mt valued at around US$ 2.8 billion, as against 278,600 Mt worth USD 2.3 billion achieved in 2014. Vietnam maintained his position as the largest exporters and received major portion of US$ 1.3 billion which is around 45% in the total earnings in 2015 followed by Indonesia, Brazil and India.

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Information courtesy of ipcnet.org