066a5b44_Herb___Spice_Market__2
[0] PEPPER BLACK [1] VERY FIRM [2] 
Since last quarter the market situation has worsened. Global supplies have fallen even further behind demand. Vietnam, which is the biggest single origin supplying a third of the world demand, has shipped most of its February crop. Crops from other origins such as Indonesia and Brazil are depleted thereby exacerbating the general firming tendency of the market. Sri Lanka, which is between crops, supplies the light (immature) berries which are best for extraction and distillation and market prices of Black Pepper Oleoresin and Oil have increased > 30% since the beginning of August. These high market prices are intimidating buyers to shorten their outlook.
Herb & Spice Market
2