PEPPER MARKET REPORT - KEY HIGHLIGHTS
 |
 |
World - The pepper prices in September showed a mixed response as the local currency exchange against the US Dollar recorded a relatively positive outlook since last month. |
|
 |
|
IPC Price Index and Composite Price – the 9th Month of 2024 saw positive trend for pepper price as the IPC Price Index for black pepper reported with a rather significant increase of 8.3% to 96.58 points while price index for white pepper with relatively higher increase of 9.1% to 90.48 points. Composite price of black pepper recorded an increase of US$ 548 per Mt reaching US$ 7,184 per Mt whereas the composite price of white pepper recorded an increase of US$ 782 per Mt and reported at US$ 9.363 per Mt. Pepper export of producing countries up to the month of August and September 2024 was reported fluctuated with India and Indonesia reported with a significant increase of 37% and 59% respectively as compared with YTD 2023. Whilst, Brazil recorded a decrease by 15% and Viet Nam a marginal decrease of 2%. Indonesia’s export up to August 2024 had exceeded the total export of Indonesia in 2023. |
|
 |
|
India - The Indian pepper price reported with an increasing trend this month. |
|
 |
|
Indonesia - Both local and international price for Indonesian pepper reported with an increasing trend this month which partially contributed to the strengthening of Indonesian Rupiah against the US Dollar (IDR 15,324 @ 1 USD) or 3% appreciation. Furthermore, most pepper farmers in Indonesia had finished harvesting. |
|
 |
|
Malaysia - Only Malaysian local price reported with a decreasing trend this week. Whilst, international price for Malaysian pepper continued to be reported with an increasing trend. |
|
 |
|
Sri Lanka - The local price for Sri Lankan pepper reported with an increasing trend this month. |
|
 |
|
Viet Nam – Both local and international price for Vietnamese pepper reported with an increasing trend this month. |
|
   |
|
Others - Brazilian black pepper as well as Chinese white pepper reported with an increasing trend this month. Whilst, Cambodian black pepper reported stable and unchanged. |
|
 |
|
US - After reported fluctuated in the last two (2) weeks, pepper price in US market reported stable this week. |
|
|
|
Highlights on on the China 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 CHINA PEPPER INDUSTRY
Monthly Export Price of the China Pepper during 2022 - 2024* (USD/Mt)
OVERVIEW OF THE CHINA PEPPER INDUSTRY
Sources:
- Brazil : Unofficial source (Coreimex, CSG Trade).
- China : Hainan Pepper Association, China Spice Association.
- India : Spices Board Govt. of India, AISEF, NCDEX, Ministry of Commerce and Industry of India.
- Indonesia : Unofficial source, Ministry of Agriculture Republic Indonesia, Ministry of Trade of Indonesia (MOT).
- Malaysia : Malaysian Pepper Board (MPB), Department of Statistics Malaysia (DOSM).
- Sri Lanka : Sri Lanka Customs, Department of Export Agriculture (DEA).
- Viet Nam : Viet Nam Pepper Association (VPA), HCMC.
- International Trade Centre (ITC) – Geneva.
- NAMAGRO
- IPC database.
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.
