INDUSTRY CONCERNED OVER INCREASE IN CHEAPER SRI LANKA PEPPER IMPORTS

India's spice industry has raised concerns over increase in black pepper imports from Sri Lanka since August despite local prices in the neighbouring country falling below the minimum import price (MIP) fixed by the Indian government. According to the Kerala chapter of the Indian Pepper and Spice Traders, Growers, Planters Consortium, large volumes of Sri Lankan pepper started arriving from August. This happened at a time when pepper prices in Sri Lanka crashed to $2,800 from $3,800 per tonne, while the MIP in India was $7,000 per tonne (Rs 500 per kg)."Around 700 tonnes have moved from Sri Lanka to India at the MIP and more consignments will arrive in September, taking the total to more than 1,000 tonnes," said Kishor Shamji, coordinator of the Kerala chapter.

 

https://economictimes.indiatimes.com/news/economy/agriculture/industry-concerned-over-increase-in-cheaper-sri-lanka-pepper-imports/articleshow/71254109.cms

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