Reported 8 months ago
On June 23, 2024, amidst a cooling Chinese property and stock market, funds are reportedly flowing into the Chinese medicinal herb market, particularly driving up the prices of pepper (including black and white pepper), which has doubled in value since the beginning of the year. Market insiders suspect speculative trading behind the surge, with young investors prominently involved. With 80% of China's and around two-thirds of global pungent spices passing through Yulin, Guangxi, which is a major hub for spice imports and exports, prices of pepper have seen significant increases in recent months, with black pepper climbing from 30-40 yuan per kilogram to 60 yuan, and white pepper exceeding 90 yuan per kilogram. The price trend, attributed to speculative trading, continues to rise.
Source: YAHOO