Government fixes Minimum Import Price for pepper

  • | Thursday | 7th December, 2017

In recent times, decline in the domestic pepper price owing to cheaper import of pepper from other origins has been a major concern among pepper growers. Fixing of Minimum Import Price will help in improving the domestic price particularly when the harvesting season of pepper is fast approaching, it said. Pepper prices have gone down by nearly 35% in one year and have resulted in a lot of hardship for pepper growers. The Union Ministry of Commerce and Industry has approved the proposal of the Spices Board for fixing the cost, insurance and freight (CIF) value of ?500 per kg as the Minimum Import Price (MIP) for pepper to protect the interests of pepper growers. According to Konkodi Padmanabha, convener, Consortium of Pepper Growers’ Organisation, so far there was no MIP for pepper.

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