Pepper prices on uptrend : comparemela.com

Pepper prices on uptrend


Domestic white and black pepper prices have gone up by 25% in the past 12 months due to production shortfalls by key producing countries
KUCHING: Malaysia’s pepper prices are likely to continue their uptrend in 2021 after staging a relief rally this year as global production output took a nosedive.
Domestic white and black pepper prices have gone up by 25% in the past 12 months due to production shortfalls by key producing countries, according to Sarawak’s leading pepper exporter Nguong Aik (Kuching) Sdn Bhd director William S.C. Yii.
He said the strong price recovery was not unexpected as pepper producing countries have reported reduction in new crop harvests by between 15% and 35% this year compared with 2019.

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