Weekly Publications

WPB Week #33/17, 14 - 18 August 2017

it.assistant@ipcnet.org 18 Aug 2017 16

The market at sources showed a mixed response during the week; where price in Sarawak increased, while in Sri Lanka decreased. In India and Indonesia the prices were reported stable. Local price in Sarawak increased significantly by 16% from MYR 13.73 per Kg last week to MYR 15.91 this week.

In Viet Nam major portion of this year harvest has been released and recorded the exports of 147,000 Mt up to July 2017. Recently, trading activity has slowed down. This was due to limited available material and producers have hold pepper onto stock to expect a better price. Another anticipation of a probable lower output in the upcoming crop season due to inadequate pollination which will impact fruition for upcoming crop season. It was reported that pepper prices in Viet Nam were US$ 4,187 and US$ 4,598 per Mt for black 500 FAQ and 550 MC respectively from US$ 4,232 and US$ 4,647 per Mt last week (Source: NAMAGRO Viet Nam).

IMPORT OF PEPPER BY SINGAPORE:
During nineties Singapore was predominant in pepper trading with a huge volume of trade at around 44,000Mt of import. Pepper trade by Singapore has experienced a substantial decrease to reach 13,000Mt of import in 2005 and 10,000Mt in 2010. The decrease was mainly due to the decrease in supply from traditional sources like Indonesia and Malaysia and those producing countries have supplied their products directly to the consuming countries.

Singapore has again imported significant quantity during period 2013 ÔÇô 2015 to reach a volume between 20,000-27,000 Mt mainly from Viet Nam. In 2016 however, import of Singapore decreased substantially from 20,200 Mt in 2015 to only 6,500 Mt in 2016.

In 2017, pepper import to Singapore is estimated to remain less, due to reduction of supply from Viet Nam to Singapore. Supply from Indonesia is also limited during 2017 in view of significant less output from this year crop season. It as reported, during January-February 2017, Singapore imported only 827 Mt, recording a marginal increase from 797 Mt in the same period last year.

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