Black Pepper Prices Surge Amid Crop Shortage

Madikeri, Oct 26: The recent rise in black pepper prices has brought a sense of optimism among growers. However, this enthusiasm has been dampened by a significant shortage in this year's harvest.

Traders generally observe that market activity tends to pick up around the time of Deepavali; however, the situation this year is quite different. 

There was insufficient rainfall during the crucial grain-filling stage of the black pepper crop last June and July. The failure of the monsoon at its onset has had an adverse impact on the yield.

In major black pepper-producing regions—including Kodagu, Chikkamagaluru, and the state of Kerala—the upcoming harvest has largely failed. Although this is technically referred to as the "upcoming" crop, the current high demand is not being met due to a lack of available stock.

Industry observers note that this scarcity is the reason for the recent price increase. While black pepper prices had hovered between ₹650 and ₹680 for some time, they have now climbed to a range of ₹740 to ₹750 over the past 10 to 20 days.

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