Weekly Publications

WPB Week #10/15, 9 - 13 March 2015

it.assistant@ipcnet.org 13 Mar 2015 2

The market showed an optimistic trend during the week. Pepper price at local market of producing countries increased; while fob prices in Sarawak and Vietnam were reported stable.
It is understood that increased price in Indonesia and Sarawak was due to very tight stock and the harvest is only expected in the next few months. In Vietnam, the harvest is on the upswing. Increased price during the harvesting season is indicating that output of this year harvest would be lower than estimated earlier. At HCMC local price of black and white pepper increased almost daily from VND 168,500 and VND 272,500 per kg, respectively, at the beginning of the week to VND 173,500 and VND 275,500 at the end of the week. At Kochi, India, pepper price increased daily from INR 530 per Kg at the beginning of the week to INR 544 at the weekÔÇÖs close, after experiencing decreases in price during the last few weeks. Limited arrivals from recent harvest were likely one of the reason for the increased price this week.
In Sarawak, local price of black and white pepper increased, but in dollar term the price decreased marginally due to weakening of Malaysian Ringgit against US dollar.

IMPORT OF PEPPER BY FRANCE:
France, one of the important consuming countries in Europe imports around 9,000 Mt of pepper annually. In 2014 a volume of 9,563 Mt of pepper was imported into France, recording an increase of nearly 900 Mt from 8,689 Mt in 2013. During the last ten years, import of pepper into France fluctuated with a slight increasing trend. In 2014, total import of pepper into France was 9,563 Mt. As against 9,198 Mt imported in the last ten years (2005); a marginal increase of around 400 was recorded. It is interesting to note that although total import of pepper fluctuated, import of ground pepper was relatively stable and keep on a slight increasing trend. During the last ten years import of ground pepper increased to 2,905 Mt in 2014 from 1,935 Mt in 2005; while import of whole pepper decreased to 6,658 Mt in 2014 from 7,263 Mt in 2005.
Vietnam, Brazil and Indonesia were the main source of whole pepper for France; while for ground pepper was mainly imported from Germany. The following table and chart shows clear picture on the import of pepper into France.

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