Agri Buzz: Global Pepper Prices Slip Further

Global Black Pepper prices slipped last week and the overall activity remained limited amid low export demand. Vietnam pepper prices decreased by 7% amid quality concerns and tepid supplies. A marginal decrease was also reported in Kochi as harvest is continuing though the overall crop is expected to be lower compared to last year. Indian exporters are also watching the continued drop in Indian Rupee which fell to a 16 month low near 68 levels against the US dollar today.