Tight supply pushing pepper prices up

Kuching grade one white pepper price has surged between RM18,000 and RM19,000 per tonne, market observers said adding that traders are paying more than the Malaysian Pepper Board’s (MPB) quoted average purchase price of RM17,500 per tonne to obtain their supply

KUCHING: The domestic and global global pepper prices have soared given a sharp fall in production arising from the Covid-19 pandemic.

Kuching grade one white pepper price has surged between RM18,000 and RM19,000 per tonne, market observers said adding that traders are paying more than the Malaysian Pepper Board’s (MPB) quoted average purchase price of RM17,500 per tonne to obtain their supply.