Peppercorns (dried black pepper) are, by monetary value, the most widely traded spice in the world, accounting for 20 percent of all spice imports in 2002. The price of pepper can be volatile, and this figure fluctuates a great deal year to year; for example, pepper made up 39 percent of all spice imports in 1998. By weight, slightly more chili peppers are traded worldwide than peppercorns.
The International Pepper Exchange is located in Kochi, India. Participation on the IPE however is domestic with regulatory restrictions on international membership on local exchanges; something common to almost all Asian commodity exchanges.
As of 2008, Vietnam is the world's largest producer and exporter of pepper, producing 34% of the world's Piper nigrum. Other major producers include India (19%), Brazil (13%), Indonesia (9%), Malaysia (8%), Sri Lanka (6%), China (6%), and Thailand (4%). Global pepper production peaked in 2003 with over 355,000 t (391,000 short tons), but has fallen to just over 271,000 t (299,000 short tons) by 2008 due to a series of issues including poor crop management, disease and weather. Vietnam dominates the export market, using almost none of its production domestically; however its 2007 crop fell by nearly 10% from the previous year to about 90,000 t (99,000 short tons). Similar crop yields occurred in 2007 across the other pepper producing nations as well.
Read more about this topic: Peppercorn
Other articles related to "world trade":
... Six World Trade Center, building 6 of the World Trade Center in New York City was a U.S ... The following is a list of tenants of 6 World Trade Center prior to the September 11, 2001 attacks FL# Companies 6 ... United States Department of Commerce, Bureau of ...
... her route that morning took her past the World Trade Center at the time of the attack, the evidence shows it to be highly probable that she died that morning, and at that site ... southwest of the World Trade Center, took her across or dangerously near the World Trade Center grounds, or that at 848 a.m ... when the attacks began, she was even in the vicinity of the World Trade Center ...
... The current 7 World Trade Center in New York City Beurs-World Trade Center in Rotterdam, Netherlands World Trade Center (Tokyo) in Tokyo, Japan Denver World Trade Center in Denver ...
World Trade can refer to:
- International trade
- International finance
- World Trade Organization
- World Trade, a progressive rock band
- World Trade Center
Famous quotes containing the words trade and/or world:
“International relations is security, its trade relations, its power games. Its not good-and-bad. But what I saw in Yugoslavia was pure evil. Not ethnic hatredthats only like a label. I really had a feeling there that I am observing unleashed human evil ...”
—Natasha Dudinska (b. c. 1967)
“You have no idea how promising the world begins to look once you have decided to have it all for yourself. And how much healthier your decisions are once they become entirely selfish.”
—Anita Brookner (b. 1938)