Good rains this year are likely to push up production.
This happened at a time when pepper prices in Sri Lanka crashed to $2,800 from $3,800 per tonne, while the MIP in India was $7,000 per tonne (Rs 500 per kg).
The natural rubber production in the country in July was 60,000 tonnes , up by 14,000 tonnes from the same last year
Cardamom prices have plunged 35 per cent in one month as harvest of new crop begins.
Another option is import of feed, which is costly.
Any export above the limit is subjected to 8 per cent duty under South Asia Free Trade Agreement.
The loss may put pressure on coffee growers for repayment of loans.
Aauction at Idukki in Kerala has taken the commodity’s average price to Rs 4,733 per kg.
Catches from the sea for export are mainly shrimps, squids and cuttle fish.
Domestic pepper prices are hovering around Rs 350 per kg.
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