Monthly Publication

MARKET REVIEW - APRIL 2023

it.assistant@ipcnet.org 15 Jun 2023 87

PEPPER MARKET REPORT - KEY HIGHLIGHTS

World - Pepper prices in April showed a mix response with Sri Lankan local black pepper reported with the highest increase.
IPC Price Index and Composite Price – Pepper price index for the 4th Month of 2023 reported negative as price index of black pepper recorded 1.4% drop to 45.11 points
while price index of white pepper recorded a slight dip by 0.4% to 51.36 points. In accordance, Composite price of black pepper dropped to USD 3,355 per Mt as it lost USD 46 per Mt.
Whilst, composite price of white pepper recorded a dip of USD 24 per Mt to be recorded at USD 5,314 per Mt.
India - Pepper price for India continues to be reported stable for the last three (3) months
Indonesia - As the Indonesian Rupiah strengthened against the US Dollar (IDR 14,844 @ 1 USD) or 3% appreciation,
Indonesian black pepper price reported with an increasing trend this month whilst Indonesian white pepper price reported stable as the market reopened
after the Eid al-Fitr public holiday.
Malaysia - Even though the Malaysian Ringgit strengthened against the US Dollar (MYR 4.42 @ 1 USD) or 1% appreciation,
the Malaysian local black pepper price reported with a decreasing trend this month. Whilst the others continues to be reported stable and unchanged.
Sri Lanka - Sri Lankan local pepper price reported with an increasing trend this month which partially contributed to strengthening of the Sri Lankan Rupee
against the US Dollar (LKR 321.42 @ 1 USD) or 3% appreciation.
Viet Nam - Only Vietnamese local price reported with an increasing trend this month. Whilst the Vietnamese international price reported
with a decreasing trend as the market quite stable.
US - The US market remained stable with selling pressure from pepper origin countries.
Highlights on World pepper export and import for the 2nd half of 2022.

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 Producing Countries for the 2nd Half of 2022

Ground Pepper Export by Producing Countries for the 2nd Half of 2022

Whole Pepper Import by Consuming Countries for the 2nd Half of 2022

Ground Pepper Import by Consuming Countries for the 2nd Half of 2022

Pepper Export by Producing Countries for the 2nd Half of 2022

Pepper Import by Consuming Countries in the 2nd Half of 2022

 

OVERVIEW OF WOLRD PEPPER EXPORT AND IMPORT IN THE 2nd Half of 2022

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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