Chinese pepper price suddenly increased

Zhuochuang Information reported on March 12th, 2019, that the price of Heaven Chili from Jinxiang in Shandong increased by nearly 90% to 10.3 yuan [1.54 USD] per 0.5 kg. The price increased by 1.3 yuan [0.19 USD] per 0.5 kg or 5.52% in comparison with March 8th, 2019; and by 20.13% in comparison with last month; and by 81.90% in comparison with last year. Some traders with storage are more reluctant to sell their products now that the price in production areas goes up. The price of dried pepper is likely to remain strong in the near future.


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