Weekly Publications

WPB Week #20/17, 15 - 19 May 2017

it.assistant@ipcnet.org 19 May 2017 7

Pepper prices decreased further during the week. Significant decreases were reported from Viet Nam, since arrival of new material from this year harvest is increasing. In addition to the heavy arrivals, limited overseas demand has also pressed the price down.

In India the price also decreased from INR 528 per Kg at the beginning of the week to INR 511 at the weekÔÇÖs close. In dollar terms, average local price of pepper in India was around US$ 8,100 per Mt, and for FOB price was around US$ 8,255 per Mt during the week. Although the price has shown a decreasing trend, but prices in India remained high and highest among prices prevailed in producing countries.

In Lampung, the market was very quiet. There is no trading activity reported at domestic market. The scarcity of raw materials at farms as well as the continuous price decrease was the main reason for the current quiet situation. Production of pepper in Lampung and Bangka is anticipated to be lower this year. In Kalimantan and Sulawesi however, production of pepper for this year harvest is expected to remain good. However, materials from these regions are mainly traded locally for domestic demand. In China, the price decreased marginally by 1%, while in Sri Lanka the price was relatively stable.

IMPORT OF PEPPER BY JAPAN:
In the last ten years, Japan imports around 8-9,000 Mt of pepper annually. During 2016 Japan imported 8,740 Mt of pepper, comprising of 5,130 Mt of whole pepper and 3,610 Mt of ground pepper. The total import has decreased from 9,070 Mt in 2015. Malaysia was the main source for Japan, supplying 40% of pepper into Japan in 2016, followed by Indonesia, supplying 33%. Viet Nam also supplied significant quantity of 19% to Japan. During first quarter of 2017 import of pepper into Japan was lower by 400 Mt from 2,292 Mt in the first three months of 2015 to 1,884 Mt in the first quarter 2017. Import of whole pepper decreased by 19% and for ground pepper decreased by 16%.

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