Weekly Publications

WPB Week #16/18, 16 - 20 April 2018

it.assistant@ipcnet.org 20 Apr 2018 41

The market showed a mixed response during the week. Pepper price in Viet Nam increased; while in India and Malaysia decreased. Stable prices were recorded in Indonesia, Sri Lanka and China.

In Viet Nam pepper harvest has almost completed but market not very brisk as farmers hold materials from recent harvest. On the demand side, global activity has shown an increasing trend and moved the price up. During the week, pepper price in HCM City increased almost daily. On an average, price of black pepper increased by 6% locally and 4% FOB while for white pepper increased by 2%. Observing the above development, pepper harvested from the recent crop might not be as good as predicted and price stability is expected to take place.


EXPORT OF PEPPER FROM INDIA

In 2017 production of pepper in India is reported to have increased to 57,000 Mt from 48,500 Mt in 2016. However, due to rapidly developing spice industry in India, internal demand increased year by year hence the increase in production does not reflected in the increase in exports. Major share of pepper produced was absorbed internally. In reality, export of pepper in 2017 decreased while import of pepper increased.

According to Trade Statistics of the ITC, India exported 18,270 Mt of pepper in 2017, consisting of 8,130 Mt of whole pepper and 10,140 Mt of ground pepper. When compared to export of 23,863 Mt in 2016, a decrease of 23% was recorded. Similarly, a lower by 47% from export in 2015 was also shown. The United States of America was the main market for India absorbing 42% of India's export, followed by the United Kingdom 11%, Canada 5% and Sweden 4% respectively. Viet Nam, Sri Lanka and Indonesia were the main sources of India's import which about 60% came from Viet Nam out of 30,400 Mt of pepper imported in 2017.

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