PEPPER MARKET REPORT - KEY HIGHLIGHTS
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World - Pepper prices in September 2022 show a mixed response with only China white pepper reported with an increase. |
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IPC Price Index and Composite Price - The price index of pepper recorded a decreasing trend as price index of black pepper was reported
with a significant drop by 7.5% to 48.17 points while price index of white pepper recorded a much slighter decrease of 1.2% to 53.80 points.
Similarly, the composite price of black pepper recorded a USD 289 per Mt dip at USD 3,583 per Mt while composite price index of white pepper reported
to loss USD 69 per Mt at USD 5,567 per Mt.
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India - Although the Indian Rupee weakened against the US Dollar (INR 80.24 @ 1 USD), recording a 1% depreciation,
pepper price for India reported stable this month.
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Indonesia - Black pepper price for Indonesia recorded negative this month.
Whilst, White pepper price for Indonesia reported stable as exports continued to be reported less as lack of stock in farmer\'s level.
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Malaysia - As the Malaysian Ringgit weakened against the US Dollar (MYR 4.54 @ 1 USD),
recording 2% depreciation, local prices for Malaysia continued to be reported negative for the last three (3) months.
Whilst, the International price continued to be reported stable and unchanged.
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Sri Lanka - After reported with an increasing trend for the last two (2) months,
Sri Lankan pepper price responded negatively this month.
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Viet Nam - Both local and international prices for Viet Nam reported with a decreasing trend this month
due to the weakening of the Viet Nam Dong against the US Dollar (VND 23,681 @ 1 USD), recorded 1% depreciation.
Furthermore, Pepper exports were forecasted to continue facing numerous difficulties as global pepper prices continue
to drop due to reduced demand from many countries, especially demand from China.
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US - The USA market was reported unstable which could be contributed to world inflation.
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Highlights on World Pepper Export and Import of Producing and Consuming Countries in the 1st Half of 2022.
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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 in the 1st Half of 2022
Ground Pepper Export by Producing Countries in the 1st Half of 2022
Whole Pepper Import by Consuming Countries in the 1st Half of 2022
Ground Pepper Import by Consuming Countries in the 1st Half of 2022
PEPPER EXPORT BY PRODUCING COUNTRIES IN THE 1ST HALF OF 2022
PEPPER IMPORT BY CONSUMING COUNTRIES IN THE 1ST HALF OF 2022
OVERVIEW OF WOLRD PEPPER EXPORT AND IMPORT IN THE 1ST 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.
