Pepper: The Spice that Built World Trade


From early times pepper was cultivated in the tropics of South East Asia where it was highly regarded as a condiment and, with Cinnamon, was the first spice to be traded throughout the Indian sub-continent.

 At the height of the Roman empire’s power, Pliny (AD23-79) tells of his astonishment over the speed at which pepper gained popularity in Rome, noting that it was bought by weight like gold and silver! It sold for today's equivalent of £400 per lb and was one of the five essential luxuries that made life worth living and were the basis of the empire’s foreign trade, the others being Chinese silk, German amber, African ivory and Arabian incense.


The King is offered fruits of the Pepper Harvest

From "Livre des Merveilles du Monde"  Marco Polo's journeys

 As overland trade grew in importance so did pepper and by the early Middle Ages it became a unit of international exchange, tributes and taxes were levied in pepper, dowries were paid in pepper and in France a serf could buy freedom for a lb of pepper.

From the 8th to the15th century the republics of Venice and Genoa prospered from the spice trade with the Middle East.  Spices were amongst the most expensive and desirable products available in Europe and the rivalry between the two cities came to a head with the naval war of Chioggia (1378-81) which was won by Venice, who secured the monopoly of trade in spices for the next century, making exorbitant profits as middle-man between the Middle East and Europe. This trade made Venice rich, it is estimated that around 3000 tons of pepper, as well as other spices, were imported into Venice each year during the late Middle Ages, their value being equivalent to a yearly supply of wheat for 1.5 million people. 


Dutch Ships Docking at Cape Colony

The end of the 15th century saw the beginning of the “Age of Discovery” when ocean going ships became larger and faster and the race to discover sea routes to the East was intensified.  The fabled voyages of Columbus, under the flag of Spain in 1492 and John Cabot in 1497 under the English flag both failed to find a route to the spice lands.  However after the Portuguese sailor Vasco da Gama opened up the sea route to India and his compatriot Alvares Cabral led the  first expedition to bring spices back to Europe, via the Cape of Good Hope in 1501, Portugal had unopposed access to the Indian spice routes. The country maintained a monopoly on the pepper trade for several decades.  It was not until a century later that other European powers were able to challenge Portugal’s  naval supremacy of the Cape Route.

By the time Britain’s North American colonies became independent in 1784, American merchants with their fast Clipper ships became involved in the pepper trade.  Salem in Massachusetts became the new Venice and in 1805 re-exported 7.5 million pounds of pepper.  The first American millionaire, Elias Hasket Derby, made his fortune importing black pepper into America, then used this fortune to endow Yale University. This seems fitting as Elihu Yale, for whom the university was named, made his own fortune in the spice trade as an employee of the British East India Company.   

Today black pepper is the most popular widely used spice world wide, more than 200 million pounds are traded annually accounting for 20% of all spice traded.  Most still comes from Asia, with Vietnam being the biggest producer and exporter.  In 2018 Vietnam exported 262,658 tons of Pepper or 36% of the world market.


Comments

  1. Really interesting - used for so much more than just rent!

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