Weekly Publications

WPB Week #34/13, 19 - 23 August 2013

it.assistant@ipcnet.org 23 Aug 2013 3

With the strengthening of US Dollar the stock markets and currencies are experiencing a severe tumble. This has created instability and influenced pepper market as well. In Indonesia, India, Sri Lanka and Brazil the price of pepper in the domestic markets tended to move up. In Lampung black pepper price increased significantly from IDR 58,000 per kg last week to IDR 65,000 per kg this week. In dollar terms the average price of Lampung black increased by 4%. In addition to the above currency factor, lower output of this year harvest in Lampung also contributed to the significant increase in price. Although local price has increased, but in dollar terms local price in Bangka, Belem and Kochi decreased. In Sarawak, pepper price decreased marginally, while in Vietnam the price were reported stable.

IMPORT OF PEPPER BY THE UNITED STATES:
In June 2013, import of pepper into the United States was 6,046 mt, comprising of 4,402 mt of black, 697 mt of white and 948 mt of ground pepper. The import recorded a significant increase of 50% from 4,021 mt in June 2012 but decreased by 9% from 6,633 mt imported in the previous month. During January - June 2013, USA imported 34,544 mt, (24,563 mt of black, 2,663 mt of white and 7,318 mt of ground pepper), recording an increase of 32% from 26,232 mt in the same period last year. The increase was due to substantial increase of black pepper imported from Vietnam and Brazil to 9,349 mt and 7,750 mt respectively during January-June 2013 compared to the import of 4,978 and 4,315 mt made in the corresponding period last year. Indonesia supplied 5,802 mt of black in the first six months of 2013 as against 4,287 mt in the same period last year. Indonesia remained the most important source of white pepper followed by Vietnam, while ground pepper was mostly sourced from India and Vietnam.

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