KUALA LUMPUR: Global pepper demand is projected to continue its upward trajectory in 2024 and 2025, according to Plantation and Commodities Minister D...
Malaysia is the world's fifth-largest pepper producer, with a production volume of about 31,000 tonnes in 2023. – BernamapicGlobal pepper demand is projected to continue its upward trajectory in 2024 and 2025, according to Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.
“In 2023, global pepper consumption will amount to around 291,000 tonnes, an increase of 40,000 tonnes compared to the previous year. He acknowledged the current challenges facing the local and global pepper industry, particularly the imbalance between supply and demand which is exerting pressure on prices.
Under the 12th Malaysia Plan, the government has allocated RM50 million to assist pepper farmers through the New Pepper Planting Scheme and the Mature Pepper Planting Scheme, thereby alleviating financial burdens.
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