Pepper a good investment for private wealth?

Pepper a good investment for private wealth?

Investors with private wealth may be interested to learn the price of pepper is set to rise to record levels in 2011, it has been claimed.

Several of the major producers of the spice, including India, Vietnam and Indonesia, are now out of stock with new products not expected to enter the marketplace until February, Commodity Online reports.

Meanwhile, changing weather conditions - such as unseasonal rain - are expected to have a negative impact on production next year.

This month, prices of the plant rose in Malaysia, Indonesia and Sri Lanka, suggesting there will be further upward pressure next year, the article continued.

A massive crop output in Vietnam is the only way this ascent will be alleviated, but latest estimates suggest this will not be the case.

Industry analysts believe the prices may reach a highest ever value of over 30,000 Rupees (£425) a quintal in India in the next 12 months. ADNFCR-2318-ID-800301136-ADNFCR