Monthly Publication

MARKET REVIEW - January 2022

it.assistant@ipcnet.org 25 Feb 2022 208

PEPPER MARKET REPORT - KEY HIGHLIGHTS

01 World - Pepper prices at the beginning of 2022 showed a mixed response with Sri Lanka continued recording the highest increase.
02 IPC Price Index and Composite Price - Pepper price index in the beginning of 2022 reported slightly negative as index of the black pepper reported at 59.23 points, a drop by 2.6% while index of white pepper dipped by 2.4% to 60.02 points. Similarly, composite prices of the black and white pepper were also reported with a decreasing trend as composite price of black pepper lost USD 119 per Mt and reported at USD 4,406 per Mt. Whilst, composite price of white pepper recorded a slightly higher loss of USD 156 per Mt and reported at USD 6,211 per MT.
03 India - After reported with an increasing trend in the last four months, pepper price for India reported negative this month. Increase of pepper coming in from Sri Lanka contributed to the lowering of the domestic prices.
04 Indonesia - Pepper price for Indonesia remained negative for the last two months as less transaction happening in the market.
05 Malaysia - The international pepper price for Malaysia was reported stable and unchanged, while the Malaysian local price responded positively this month.
06 Sri Lanka - Sri Lankan pepper price continues to be reported with a significant increase for the last four months. The increase of Sri Lankan price was contributed to the export demand to India.
07 Viet Nam - Black pepper price for both local and international remained negative this month as the Vietnamese celebrates the Tết Holiday.
08 Highlights on the Brazil Pepper

 

 

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

HIGHLIGHTS ON THE BRAZIL PEPPER

Monthly Average FOB Price of Black Pepper in Brazil during 2020-2022* (USD/Mt)

OVERVIEW OF THE BRAZILIAN PEPPER

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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