INTERNATIONAL pepper prices escalated even higher in the week to November 5 on increasingly tight stocks and fears that supply looks set to remain limited in 2011.
Normally the market would count on the Brazilian crop to alleviate any tightness in the fourth quarter of the year. However, this year's Brazilian crop started late and was estimated at only 22,000 to 24,000 tonnes – some 30% down from that of 2009, which was itself about 25% lower than the 2008 crop...READ MORE