Weekly Publications

MARKET REPORT

Market showed a mixed response. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week, averaging at USD 5,118 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 1% respectively when compared to the previous week, averaging at USD 3,404 per Mt for black pepper and USD 6,086 per Mt for white pepper. The increase of Indonesian prices could be factored in the continuous high demand amidst the stock limited to none as well as the strengthening of Indonesian Rupiah against the USD Dollar (IDR 14,541 @USD 1), recording a 1% appreciation. Malaysia black and white pepper were reported with an increase of 8% and 9% respectively as compared to the previous week, averaging at USD 3,228 per Mt for black pepper and USD 4,803 per Mt for white pepper. Viet Nam farm gate price of black pepper was reported 2% deficit as compared to the previous week, averaging at USD 2,875 per Mt. Whilst, Viet Nam white pepper was reported stable, averaging at USD 4,511 per Mt. Sri Lanka black pepper was traded at an average of USD 3,561 per Mt. Furthermore, China white pepper was reported stable and unchanged.

International market also showed a mixed response as India black pepper was reported with the same 1% deficit when compared to the previous week, averaging at USD 5,384 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 1% respectively when compared to the previous week, averaging at USD 4,048 per Mt for black pepper and USD 7,014 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 9% and 8% respectively as compared to the previous week, averaging at USD 4,615 per Mt for black pepper and USD 6,020 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable with a slight increase, averaging at USD 3,645 per Mt, USD 3,685 per Mt and USD 5,380 per Mt respectively. China white pepper was reported stable and unchanged.

EXPORT OF PEPPER BY SOUTH AFRICA

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. South Africa's considered as one of pepper producing country albeit in a smaller scale, pepper cultivation is reported in the Lowfeld of Mpumalanga Province and KwaZulu Natal Province.

In 2019, South Africa was reported to have exported a total of 4,463 Mt of pepper which 59% or 2,638 Mt of it comprised of whole pepper and 41% or 1,825 Mt of it ground pepper. South Africa on average exported a total of 372 Mt per month in 2019 which peaked in May with 493 Mt. The total revenue of South Africa's export of pepper in 2019 was reported to be as high as USD 18.0 Million. Thus, recording an average price of the total pepper exported by South Africa at USD 5,995 per Mt for whole pepper and USD 1,207 per Mt for ground pepper.

Year 2020 saw an increase in term of quantity of pepper exported by South Africa. South Africa was reported to have exported a total of 4,737 Mt which 71% or 3,347 Mt of it comprised of whole pepper and 29% or 1,390 Mt of it ground pepper, recording an increase of 6% when compared to 2019. The average export of pepper by South Africa in 2020 was reported to be 359 Mt per month which peaked in July with 655 Mt. In accordance with increasing in term of quantity, South Africa's revenue from pepper export was reported with an increase of 5% as compared to the previous year to a total of USD 18.8 Million. Thus, recording an average price of the total pepper exported by South Africa at USD 5,094 per Mt for whole pepper and USD 1,312 per Mt for ground pepper or a decrease of 15% for whole pepper and an increase of 9% for ground pepper as compared to 2019.

As of January 2021, South Africa was reported to have exported pepper totaling 151 Mt which 66% or 100 Mt of it comprised of whole pepper and 34% or 51 Mt of it ground pepper. Thus, recording a decrease of 27% when compared to the same period in 2020. As of January 2021, the total revenue of pepper export by South Africa was reported to have reached USD 1.1 Million, recording an increase of 28% as compared to the same period in 2020. The average price of the total pepper exported by South Africa as of January 2021 was reported to be USD 9,900 per Mt for whole pepper and USD 2,921 per Mt for ground pepper.

Pepper from South Africa is traded worldwide. As of January 2021, South Africa's top 5 country destinations for its pepper were reported to be United Kingdom with 32 Mt (an increase of 17 Mt as compared to the same period in 2020), Japan with 28 Mt (an increase of 10%), United States of America with 25 Mt (a decrease of 49%), Botswana with 17 Mt (a decrease of 11%) and Namibia with 11 Mt (a decrease of 31%). The decrease of South Africa's pepper export to United States of America was the result of United States of America shifted to import pepper from other origins such as Viet Nam (an increase of 24% or 868 Mt as compared to the same period in 2020) and Indonesia (an increase of 461 Mt).