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Outlook bright: A farmer tending his pepper crop near Kochi in Kerala, Bearish reports and sell calls on a daily basis for black pepper at various commodity exchanges have turned out to be advantageous to pepper exporters. Pepper exports have moved up to 12,200 tonnes during January to May 2008 compared to 10,800 tonnes same time last year. Pepper production this year is estimated at below 50,000 tonnes and there is an estimated carry forward stock of 25,000 tonnes available with farmers/big dealers. The domestic pepper consumption is estimated between 50,000 and 60,000 tonnes.

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