After series of bomb blasts in Sri Lanka on Sunday, pepper prices in India rose by around Rs 20/kg to Rs 320. Prices are expected to increase further, since the import from the neighbouring country is likely to slow down. This has led to buyers blocking stocks from the domestic buyers even before the spice arrives in the market.
According to domestic pepper growers, prices dropped to Rs 300 in 2019 from Rs 400 in 2018. In the last five years the highest was in 2015 when prices were around Rs 700 a kg. After this prices started dropping due