Weekly Publications

WPB Week #05/16, 01-05 February 2016

it.assistant@ipcnet.org 05 Feb 2016 2

Pepper price continued to be calm. Players are watching crop developments in India and Vietnam. In India the harvest is continuing. Local price at Kochi decreased at the beginning of the week to INR 607 per Kg from INR 624 last week. The price then moved up again on Tuesday and stood at the level of INR 624 per Kg till the weekÔÇÖs close. In Vietnam activities were limited in view of the upcoming Chinese New Year holiday. Local price of Vietnamese black pepper decreased by VND 3,500 per Kg to VND 155,000 at the weekÔÇÖs close; while for white pepper, price was reported stable at VND 215,000 per Kg. In Indonesia and Sarawak the prices were relatively stable. In dollar terms, price have increased in local market due to strengthening of local currency against US dollar. In Sri Lanka, 3% decrease in black pepper price was reported during this week.

IMPORT OF PEPPER BY GERMANY:
Germany the most important pepper consuming country in Europe imported 26,000 Mt (23,500 Mt of whole and 2,500 Mt of ground pepper) in 2014 decreased from 32,200 Mt in 2013. The decrease was due to significant decrease in global production from 379,000 Mt in 2013 to 359,000 Mt in 2014. During 2015, import of pepper into Germany is estimated to increase during the year as the supply from producing countries is estimated to be better and higher compared to 2014. Indication on the increase of the Imports of pepper into Germany is shown by the monthly import figure given below. Up to October 2015 Germany imported 23,960 Mt of pepper (21,710 Mt of whole pepper and 2,250 Mt of ground pepper), registering an increase of 10% from 21,700 Mt in 2014. Brazil and Vietnam were the main supplier of pepper into Germany together accounted for around 60% of the volume imported into Germany. Indonesia and India also supplied a significant quantity to Germany. Up to December 2015, Germany is estimated to import around 29,000 Mt as against 26,000 Mt in 2014.

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