Kampot pepper pact keeping prices stable
Kampot pepper prices are set to remain stable for another year as part of an agreement between local producers that caps prices through the end of 2017, a representative of the pepper association said on January 8. Ngoun Lay, president of the Kampot Pepper Promotion Association, said the price of Kampot pepper, which was awarded the World Trade Organisation’s geographical indication status in 2010, will not increase during the upcoming season, with harvest set for March. “We will not increase the price for this coming season following our contract in which we agreed to keep prices stable for three years, because we had already made large price increases before the contract,” he said. He explained that in 2015 an agreement was signed whereby 18 local pepper producers agreed to maintain prices until the end of 2017 at $15 per kilo for black pepper, $25 per kilo for red pepper and $28 per kilo for white pepper.
