Monthly Publication

MARKET REVIEW - November 2021

it.assistant@ipcnet.org 03 Jan 2022 102

PEPPER MARKET REPORT - KEY HIGHLIGHTS

01 World - Pepper prices in November 2021 showed a mixed response with Sri Lanka continued recording the highest increase.
02 IPC Price Index and Composite Price - Price Index recorded an increase albeit marginally with price index of black pepper reported a 1.3% increase at 60.94 points while price index of white pepper recorded a 1.6% increase at 62.56 points. Similarly, composite prices of black and white pepper also reported with a marginal increase at USD 4,533 per Mt for black pepper and USD 6,473 per Mt for white pepper.
03 India - Indian pepper price continued to be reported with an increasing trend this month. The increase of Indian price could be contributed to the easing of the COVID-19 pandemic in India.
04 Indonesia - Even though Indonesian Rupiah weakened against the US Dollar (IDR 14,270 @ 1 USD), recording a 1% depreciation, Indonesia pepper price continued to be reported with an increasing trend as less transaction reported in the market.
05 Malaysia - Malaysian pepper price continued to be reported with a decreasing trend for the last two months.
06 Sri Lanka - Sri Lankan pepper price continued to be reported with a significant increase this month. The increase of Sri Lankan price could be contributed to export demand from India since October.
07 Viet Nam - Viet Nam black pepper price both local and international responding negatively this month. Whilst, Viet Nam white pepper responding positively as the market reported rather inactive.
08 Highlights on Pepper Export by European Countries as of October 2021.

 

IPC Price Index (Base price: Average 2011-2015)

Composite Price of Black and White Pepper (US$/Mt)

FARM GATE PRICE BLACK PEPPER - in US$/Mt

FOB PRICE BLACK PEPPER - in US$/Mt

FARM GATE PRICE WHITE PEPPER - in US$/Mt

FOB PRICE WHITE PEPPER - in US$/Mt

Whole Pepper Export by European Countries as of October 2021

Ground Pepper Export by European Countries as of October 2021

Pepper Export by European Countries

OVERVIEW OF PEPPER EXPORT BY EUROPEAN COUNTRIES AS OF OCTOBER 2021

Sources:

  • Brazil, Unofficial source (Coreimex, CSG Trade)
  • China: Hainan Pepper Association, China Spice Association
  • India: Spices Board Govt. of India, AISEF, NCDEX, Indian Chamber of Commerce & Industry
  • Indonesia: Unofficial source, Ministry of Agriculture Republic Indonesia
  • Malaysia : Malaysian Pepper Board
  • Sri Lanka: Sri Lankan Pepper Board, Department of Export Agriculture
  • Viet Nam : Viet Nam Pepper Association, HCMC
  • International Trade Centre (ITC) - Geneva

Notes:

Some of the data in this publication are from the IPC database. The data were obtained from the official reports and correspondence between the IPC and have been processed based on statistical norms that can be accounted for.

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