Weekly Publications

WPB Week #43/17, 23-27 October 2017

it.assistant@ipcnet.org 06 Nov 2017 13

Local pepper prices in almost all producing countries, except in Sri Lanka were relatively stable throughout the week. In Sri Lanka the price increased by 3%. Un-official source reported that FOB price of Sarawak black pepper was at the level of RM 18,000 and RM 19,000 per Mt for FAQ 500 and 550 g/l respectively. FOB price for white FAQ 630 g/l was RM 33,000 per Mt.

From Viet Nam, local price of pepper was reported stable at VND 76,500 and VND 117,500 per Kg for black and white pepper respectively. Nhan Dan Online of Viet Nam reported that during ten months (January-October 2017), Viet Nam exported 192,000 Mt, valued at US$ 1.02 billion. When compared to export of 160,000 Mt in the same period last year a significant increase of 32% in volume was recorded. Up to December 2017, a volume of around 205,000 Mt is estimated to be easily realized.

EXPORT OF PEPPER FROM BRAZIL:
In the last few years export of pepper from Brazil increased consistently from 29,130 Mt in 2012 to 38,040 Mt in 2015. This was possible due to increased production from 32,000 Mt in 2012 to 44,000 Mt in 2015. In 2016 however, although production increased, the export has decreased to 31,100 Mt. Supported by high carry over stock from 2016 and good harvest this year, export this year is estimated to increase significantly.

Up to September 2017, Brazil has realized export at the level of 37,200 Mt as against 19,700 Mt in the same period last year, recording a substantial increase of almost double. Observing export performance in the last nine months, an export volume of around 50-55,000 Mt would be achieved this year.

Germany and the United States continued to be the main destinations for Brazilian Pepper, absorbing 47% (Germany 27% and USA 20%). Spain and Mexico absorbed 9 & 8% respectively. Vietnam the main producing country also imported pepper from Brazil, at a marginal quantity.

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