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Centre approves floor price on pepper import at Rs 500 per kg

Pepper To care for domestic pepper growers against a surge in imports the government has approved a proposal from the Spices Board for imposing a Minimum Import Price (MIP) of Rs 500 per kg on the pepper.

The central govt has approved the proposal of the state-run spices board since cheaper imports of pepper is seen putting stress on the domestic market.

The price of pepper, the black spice, which ruled at over Rs. 700 per kg last year, is now trading at moderately above Rs 400 spelling doom for domestic growers.

Globally, India is recognized as the largest consumer of pepper spice and the second-largest producer followed by Vietnam. Sources stated that fixing of MIP will help improving the domestic price mainly when the harvesting season of pepper is fast approaching.

Association of Farmers have been demanding that the govt must take stringent measures, including fixing of MIP, to curb cheaper imports of pepper into the country from other origins.