Weekly Publications

WPB Week #29/17, 17 - 21 July 2017

it.assistant@ipcnet.org 21 Jul 2017 9

The market has shown a mixed response during the week. A Marginal increase of pepper price has taken place in Indonesia; while in Viet Nam and Sri Lanka the price was relatively stable. In India and China the price decreased marginally. In Viet Nam, the market was not brisk and price unchanged in the last few weeks. Weak demand and increased arrival in Lampung was likely the main reason for the situation. Although the harvest in Lampung is continuing, the price has shown an increasing trend. This was due to yield resulted from this year crop season is not promising. A significant decrease of black pepper production in Lampung was anticipated.

IMPORT OF PEPPER BY RUSSIA:
In the last decade, Russia imports 8-9,000 Mt of pepper annually. During 2010 ÔÇô 2015 however, the import has decreased from 10,250 Mt in 2010 to 6,760 Mt in 2015. This was due to limited supply coupled with high price prevailed during the period. In 2016 import of pepper into Russia increased by 14% to 7,700 Mt. This was due to significant increase of supply from Viet Nam, the main source of pepper for Russia. Import in 2017 is estimated to again increase as indicated by total import realized during January ÔÇô May 2017 and in line with continuous increase of supply from Viet Nam.

During January ÔÇô May 2017, Russia has imported 3,060 Mt of pepper, comprising 2,850 Mt of whole pepper and 210 Mt of ground pepper. When compared to import of 2,410 Mt in 2016, a significant increase of 27% was recorded. Viet Nam remained the most important single source for Russia, supplying 66%. Other sources supplying significant quantity to Russia were Sri Lanka and India. Indonesia and China also supplied at smaller quantity.

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