Monthly Publication

MARKET REVIEW - June 2021

it.assistant@ipcnet.org 03 Aug 2021 111

PEPPER MARKET REPORT - KEY HIGHLIGHTS

01 World - Pepper prices in June 2021 showed a mixed response with a rather positive outlook as only Indonesia was reported with a decrease.
02 IPC Price Index and Composite Price - Both price index of black and white pepper reported with positive trend of 6.9% and 6.0% respectively. Likewise, composite price of black and white pepper recorded strong at USD 4,136/Mt and USD 5,888/Mt respectively.


03 Indonesia - Following the lowest export figures since 2020, amounting to a total of 1,625 Mt, market continued with a decreasing trend as some areas in Bangka and Belitung enter harvest season.
04 Viet Nam - Both local and international price of Viet Nam peppers responded positively as Viet Nam reportedly reduces production but improves quality.
05 Highlights on the India 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

HIGHLIGHT ON INDIA

HIGHLIGHTS ON THE INDIA PEPPER

Monthly Average FOB Price of Black Pepper in India (USD/Mt)

OVERVIEW OF THE INDIA 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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