Weekly Publications

MARKET REPORT

MARKET REPORTMarket this week showed a mixed response with only Indonesia black pepper was reported with a decrease. In local market, Malabar black pepper was reported stable at an average of USD 4,454 per Mt. Despite Farmers in Lampung were reported keeping hold of their crop, Indonesia black pepper was reported with 2% deficit as compared to the previous week, averaging at USD 2,422 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week, averaging at USD 4,416 per Mt. Malaysia black and white pepper were reported stable, averaging at USD 2,452 per Mt for black pepper and USD 3,919 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were also reported stable, averaging at USD 2,185 per Mt for black pepper and USD 3,047 per Mt for white pepper. Sri Lanka black pepper was reported with an increase of 1% as compared to the previous week and was traded at an average of USD 2,631 per Mt. China white pepper was reported stable and unchanged.

International market was also reported with a mixed response as India black pepper was reported stable at an average of USD 4,728 per Mt. Indonesia black pepper was reported with 2% deficit when compared to the previous week, averaging at USD 2,933 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week, averaging at USD 5,157 per Mt. Malaysia black and white pepper were reported with an increase of 1% respectively as compared to the previous week, averaging at USD 3,710 per Mt for black pepper and USD 5,070 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged. China white pepper was also reported stable and unchanged internationally.

EXPORT OF PEPPER OLEORESIN FROM INDIA

Pepper oleoresin is one of India's added values of pepper product. Pepper oleoresin is a concentrated, resinous extract obtained by conventional solvent extraction or supercritical fluid extraction. As the name implies, pepper oleoresin consists of a blend of the essential oil, resinous matter of the spice and related compounds like the pungent alkaloid piperine. Pepper oleoresin has a relatively full flavor profile characteristic of pepper as compared to pepper oil.

As the top producers of pepper oleoresin, in 2018 India exported 1,492 Mt of pepper oleoresin. India on average exported a total of 124 Mt per month which peaked in September with 176 Mt. The total revenue of India's export of pepper oleoresin in 2018 was reported to be as high as USD 56.3 Million. Thus, recording an average price of the total pepper oleoresin exported by India at USD 38 per Kg. The highest export price of pepper oleoresin from India in 2018 was recorded in May with USD 47 per Kg whilst the lowest price was recorded in December with USD 31 per Kg.

Year 2019 saw an increase in term of quantity of pepper oleoresin exported by India. India was reported to have exported a total of 1,510 Mt, recording an increase of 1% when compared with 2018. The average export of pepper oleoresin by India in 2019 was reported to be 126 Mt per month which peaked in March with 182 Mt. Although increasing in terms of quantity, India's revenue from pepper oleoresin export was reported to have declined by 17% to a total of USD 46.7 Million as compared to the previous year. Thus, recording an average price of the total pepper oleoresin exported by India at USD 31 per Kg or a decrease by 19% as compared with 2018. The highest export price of pepper oleoresin from India in 2019 was recorded in February with USD 36 per Kg whilst the lowest price was recorded in September and November with USD 28 per Kg.

As of November 2020, India was reported to have exported a total of 1,386 Mt pepper oleoresin. Thus, recording a decrease of 1% when compared to the same period in 2019. By the end of November 2020, the total revenue of India's pepper oleoresin export was reported to have reached USD 39.0 Million. Thus, recording a decrease by 10% as compared to the same period in 2019. The average price of the total pepper oleoresin exported by India as of November 2020 was reported at USD 28 per Kg, recording a decrease of 9% as compared to the same period in 2019 with the highest export price of pepper oleoresin was recorded in September and November with USD 30 per Kg whilst the lowest price was recorded in April and October with USD 26 per Kg.

Pepper oleoresin from India is widely traded in America, European and Asia. As of November 2020, India's top 5 Country of destinations for its pepper oleoresin were reported to be United States of America with 316 Mt (Contributed to 23% of India's total pepper oleoresin export as of November 2020), Germany with 148 Mt (11%), Netherlands with 109 Mt (8%), China with 102 Mt (7%) and France with 68 Mt (5%).