Weekly Publications

MARKET REPORT

Market this week showed a rather positive outlook. In local market, Malabar black pepper was reported stable at an average of USD 4,469 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively when compared to the previous week, averaging at USD 2,465 per Mt for black pepper and USD 4,465 per Mt for white pepper. Malaysia black and white pepper were reported stable, averaging at USD 2,495 per Mt for black pepper and USD 3,967 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were also reported stable, averaging at USD 2,187 per Mt for black pepper and USD 3,049 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 2,620 per Mt.

International market was also reported with a rather positive outlook as India black pepper was reported stable at an average of USD 4,744 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively when compared to the previous week, averaging at USD 2,983 per Mt for black pepper and USD 5,213 per Mt for white pepper. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable and unchanged.

US market was reported with an increasing trend as market reopened after the Chinese New Year holiday. Muntok white pepper in US Market for CF February/March was reported at USD 5.200 per Mt.

EXPORT OF PEPPER BY THAILAND

Thailand, officially the Kingdom of Thailand and formerly known as Siam, is a country at the center of the Southeast Asian Indochinese peninsula. Thailand is also one of pepper producing country known to have cultivated its pepper partially in southern Thailand and actively exported pepper to various countries.

In 2018, Thailand was reported to have exported a total of 417,935 Kg of pepper which 17% or 70,570 Kg of it comprised of whole pepper and 83% or 347,365 Kg of it ground pepper. Thailand on average exported a total of 34,828 Kg per month in 2018 which peaked in August with 78,968 Kg. The total revenue of Thailand's export of pepper in 2018 was reported to be as high as USD 3.9 Million. Thus, recording an average price of the total pepper exported by Thailand at USD 14.01 per Kg for whole pepper and USD 8.53 per Kg for ground pepper.

Year 2019 saw an increase in term of quantity of pepper exported by Thailand. Thailand was reported to have exported a total of 540,055 Kg which 57% or 306,009 Kg of it comprised of whole pepper and 43% or 234,046 Kg of it ground pepper, recording an increase of 29% when compared to 2018. The average export of pepper by Thailand in 2019 was reported to be 45,005 Kg per month which peaked in July with 73,559 Kg. In accordance with increasing in term of quantity, Thailand's revenue from pepper export was reported with an increase of 22% as compared to the previous year to a total of USD 4.8 Million. Thus, recording an average price of the total pepper exported by Thailand at USD 10.91 per Kg for whole pepper and USD 6.34 per Kg for ground pepper or a decrease of 22% and 26% respectively as compared to 2018.

As of September 2020, Thailand was reported to have exported a total of 608,564 Kg which 67% or 407,412 Kg of it comprised of whole pepper and 33% or 201,152 Kg of it ground pepper. Thus, recording an increase of 48% when compared to the same period in 2019. As of September 2020, the total revenue of pepper export by Thailand was reported to have reached USD 3.6 Million, recording an increase of 0.2% as compared to the same period in 2019. The average price of the total pepper exported by Thailand as of September 2020 was reported to be USD 5.94 per Kg for whole pepper and USD 5.97 per Kg for ground pepper.

Pepper from Thailand is traded worldwide. As of September 2020, Thailand's top 5 country destinations for its pepper were reported to be Myanmar with 179,810 Kg (an increase of 146,297 Kg as compared to the same period in 2019), South Africa with 162,940 Kg (an increase of 0.1%), United States of America with 93,779 Kg (an increase of 19%), South Korea with 24,206 Kg (an increase of 20,918 Kg) and Australia with 22,370 Kg (an increase of 74%).