Weekly Publications

WPB Week #09/16, 29 February - 4 March 2016

it.assistant@ipcnet.org 04 Mar 2016 1

Pepper harvest in Vietnam is in progress. New material from the initial harvest has ready in the market. Trading however still not brisk, as overseas buyers are expecting to get more competitive price. As per the information from VPA, It is anticipated that output of this year harvest in Vietnam will be better than predicted earlier and Vietnam is likely to take this advantage to expand market by lowering price. Local price of Vietnamese black pepper decreased almost daily during the week. When compared to last week, the average price decreased significantly by around 8%. In the US market a decreasing trend is also witnessed during the week under review.

Pepper crop from India has already in the market but no any significant effect on prices in India or the other countries. Supported by huge internal demand, pepper market in India remained steady. In Lampung and Sarawak
pepper prices were reported stable and a marginal increase was recorded for white pepper in Bangka and black pepper in Sri Lanka.

EXPORT OF PEPPER FROM MALAYSIA:
During 2015, total export of Malaysia was 13,910 Mt of pepper, consisting of 12,724 Mt of whole pepper and 1,187 Mt of ground pepper. The export was lower than targeted earlier at the level of 14,500 Mt, but increased marginally by 2% when compared to export of 13,638 Mt (12,374 Mt of whole pepper and 1,264 Mt of ground pepper) in 2014. Whole pepper increased by 3%, while for ground pepper decreased by 6%. In terms of value, export earnings of Malaysia from pepper increased by 6% from US$ 125 million in 2014 to US$ 132 million in 2015. Japan remained the most important market absorbing 24% of pepper exported by Malaysia. China, Taiwan and Vietnam also imported significant quantity of pepper from Malaysia.

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