KUCHING: Domestic pepper prices, which have lost over 60% from their historical peaks recorded in 2016, are expected to face more downside risks due to a sharp increase in global production.
According to Sarawak’s leading pepper exporter Nguong Aik (Kuching) Sdn Bhd director William S.C. Yii, local top-grade white pepper is currently being transacted at about RM19,000 per tonne in the market, down from RM35,000 per tonne in the first quarter of 2017.
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