Pepper market turns hot again

Spicy commodity: According to International Pepper Community weekly reports, Indonesia’s black and white pepper prices have increased by some 10 in the past one month or so.

KUCHING: A leading pepper exporter, who was bearish about the market due to plunging prices two months ago, has now turned bullish because of unexpected positive developments brought about by declining supplies and inclement weather.

Nguong Aik (Kuching) Sdn Bhd director William SC Yii said the latest developments have resulted in a complete change in the market scenario to bullish from bearish mode, resulting in the recovery of global pepper prices.