followed by Karnataka
and Tamilnadu. India, Vietnam, Brazil, Thailand, China, Madagascar,
Sri Lanka, Indonesia, Malaysia are the major producers and exporters
of pepper with Vietnam leading the both world production as well
world exports chart. The harvesting season in Vietnam is March-May while
in Indonesia it is July-Oct and Brazil August-Oct whereas in Malaysia
it is May-Aug.
India's main export
is of Malabar grade black pepper. The country itself is a very big
consumer of spices so the quantity available for export is limited
as compared to its competitors. U.S., Italy, Germany, Canada among other
countries are big importers of Indian pepper due to its quality which
is why it rules at the premium in International market. India also exports
value added products like pepper oil, pepper oleoresins, green pepper
in brine, dehydrated green pepper etc.
The prices
of pepper are highly volatile like other spices as India itself
is a very big consumer of it so if any production fluctuation occurs it
affects it hard. Also the world production and demand plays the major
role in pepper prices. The stockists
and speculators also play a major role in its prices. The availablity
of pepper futures have given the exporters an opportunity to hedge their
risks.
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