The global demand for black pepper is increasing especially within developing Asian economies. It is currently estimated some 40-45% of global consumption is in Asia. With rising incomes, consumption patterns, habits changing with increased meat consumption and demand for complimentary products such as demand for pepper in particular is witnessed.
To maintain demand and supply equilibrium commodity prices in pepper have increased. Black pepper prices peaked during June 2015 at an all-time high of $10,900 per ton for ASTA quality. This is 7 times higher as compared to the lowest monthly average recorded in July 2005 at $1,560 per ton.