Weekly Publications

WPB Week #09/17, 27 February - 3 March 2017

it.assistant@ipcnet.org 03 Mar 2017 6

The market was calm with limited activity. Trading in Vietnam was also limited although new material from current harvest has arrived in the market. Buyers still keep on side line waiting for price further decrease and on the other side, suppliers are reluctant to release material below current low levels. In India the market was also inactive and price decreased marginally closing the week. Although the price has decreased, but still ruled at highest level when compared to price prevailed in other sources.

In Indonesia, inventory is quite minimal; while new material is only expected to be available in July/August. However, supplier in Lampung and Bangka follow market trend prevailed in Vietnam. In Sarawak local price was reported to have decreased by around MYR 10 per Kg.; while for FOB price remained stable at the level of US$ 7,780 and US$ 10,860 per Mt respectively for black and white pepper.

IMPORT OF PEPPER INTO THE UNITED KINGDOM
Pepper import in to the United Kingdom increases year by year and in the last twelve years the increase was more than double from 6,873 Mt in 2005 to 14,270 Mt in 2016. Significant increase was recorded in the import of ground pepper from 3,535 Mt in 2005 to 9,112 in 2013, while import of whole pepper has increase at lower rate. In the last three year however, import of ground pepper decreased, while for whole pepper increased.

In 2016, total import of pepper to the United Kingdom increased by 9% from 13,150 Mt in 2015 to 14,270 Mt in 2016. Import of whole pepper increased substantially by 72%, while import of ground pepper decreased by 23%. Major share of pepper imported in 2016 was entered into the UK through neighbor-trading countries, the Netherlands, supplying 37% of the total imports. Another 37% was imported directly from Vietnam (22%) and India (15%).

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