Monthly Publication

MARKET REVIEW - APRIL 2024

it.assistant@ipcnet.org 07 Jun 2024 74

PEPPER MARKET REPORT - KEY HIGHLIGHTS

World - The pepper prices in April continued to show a mix response.
IPC Price Index and Composite Price – the price index of pepper for the month of April 2024 reported with an increasing trend as the price index of black pepper recorded an increase of 2.1%
to 59.99 points while price index of white pepper reported with a marginally higher increase of 3.1% to 60..21 points. Similarly, composite price of pepper also reported with
an increase as composite price of black pepper recorded an increase of US$ 91 per Mt to US$ 4,462 per Mt.
Whilst, composite price of white pepper recorded an increase of US$ 189 per Mt at US$ 6,231 per MT. As observed, export of pepper by some origins reported with an increase namely,
China, India, Indonesia while some major exporters like Brazil and Viet Nam reported with a rather sizable decrease
India - After reported with a decreasing trend for the last Six (6) months, the Indian pepper price reported with an increasing trend this month.
Indonesia - Only Indonesian black pepper reported with an increasing trend this month.
Whilst, Indonesian white pepper continued to be reported with a decreasing trend since last month as less stock reported in the market.
Malaysia - Malaysian local price continued to be reported with an increasing trend for the last two (2) months.
Whilst, the Malaysian international price continued to be reported stable and unchanged.
Sri Lanka - Even though the Sri Lankan Rupee strengthened against the US Dollar (LKR 299.42 @ 1 USD) or 2% appreciation,
the local price for Sri Lankan pepper reported with a decreasing trend for the last three (3) months.
Viet Nam – Only international price for Vietnamese pepper continued to be reported with an increasing trend since last month.
Whilst, local price for Vietnamese pepper reported with a decreasing trend as pepper harvest in several areas had reportedly been completed.
Others - Brazilian black pepper as well as Cambodian black pepper reported with a decreasing trend this month.
Whilst, Chinese white pepper continued to be reported stable for the last three (3) months.
US - Pepper prices in US market had significantly increased.
Highlights on the Malaysian Pepper Industry

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 MALAYSIAN PEPPER INDUSTRY

Monthly Export Price of the Malaysia Pepper during 2022 - 2024* (USD/Mt)

OVERVIEW OF THE MALAYSIAN PEPPER INDUSTRY

 

 

 
 
Notes:

  • Prices given are indicative prices. Quality may differ from place to place. Prices can vary and the IPC is not responsible for loss or damages caused to the users of these prices in the context of business contracts or other transactions
  • Producers' price ex Kochi is the price quoted for un-garbled quality at Kochi
  • Producers' prices ex Lampung and Pangkal Pinang are average prices received by farmers for unprocessed pepper
  • Producers' prices ex Kuching are the average prices offered by local traders to farmers for unprocessed pepper - grade 1
  • Producers' price in Sri Lanka is the average price received by growers, collected from 11 pepper growing districts in Sri Lanka - grade 1
  • Producers' price ex Ho Chi Minh City is prices for local purchases of pepper (500 g/l for black and 630g/l for white)

Notes:
IPC DOES NOT set the price of pepper; IPC only publishes the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC Secretariat database. The data were obtained from the official reports and correspondence between the IPC and has been processed based on statistical norms that can be accounted for.

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