Growers welcomes centre move to prohibit the import of black pepper

The Consortium of Pepper Growers’ Organisation and Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd thanked the Centre for its move to prohibit the import of black pepper below the minimum import price (MIP) of ₹500 a kg,

The Pepper Growers’ Organisation has said that this will help improve the price for the commodity in the domestic market.

Now organization hopes that the price of the commodity may reach around ₹400 a kg in the domestic market in the coming days.

Importers were bringing it under SAFTA agreement by paying import duty of 8 per cent and a fine of 10 per cent of the invoice value of the commodity.

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Vietnam pepper production area to increase threefold in next few years

The Vietnam's total black pepper production area has increased threefold between 2010 and 2017. Vietnam is now the world leader