Weekly Publications

WPB Week #35/17, 28 August - 1 September 2017

it.assistant@ipcnet.org 04 Sep 2017 13

Pepper prices at most origins were reported stable during the week with a marginal increase recorded in Lampung and Sri Lanka. For white pepper, except in China the price was also reported stable.

In Viet Nam the market has slowed down as farmers tried to hold back available material, expecting to get better price. The price however remain stable as last week in view of limited overseas demand as new material from current harvest in Brazil has started arrived in the market. Competitive price in Brazil was recorded during the week. Royal Golden General Trading reported that FOB price of Brazilian Basta (Asta 570 equivalent) at the level of US$ 4,000-4,200 per Mt for September/October shipment. VPA also reported that FOB price of Vietnamese black Asta ranges from US$ 4,600-4,850 per Mt.

In Lampung and Bangka, the market remained quiet as material from recent harvest was very limited. India is currently not a factor to influence market direction since major share of its pepper is consumed locally.

IMPORT OF PEPPER BY SOUTH KOREA:
In the last five years import of pepper into South Korea increased year by year from 4,300 Mt in 2011 to 5,400 Mt in 2015 recording an increase of 25% or 5% per year. Out of the total imported by South Korea, around 8% was ground pepper. In 2016 a marginal increase of import was recorded and in 2017, the import is estimated to increase further as indicated by import performance achieved in the first half of the year.

During January ÔÇô June 2017, South Korea has imported 4,205 Mt of pepper consisting of 3,979 Mt of whole pepper and 226 Mt of ground pepper, registering an increase of 1.5 times when compared to import of 2,861 Mt over the same period last year. The significant increase was mainly due to increased supply from Viet Nam. More than 80% of pepper imported by South Korea during Jan-June 2017 was from Viet Nam. Up to the end of the year, total pepper imported into South Korea is estimated to reach 7,000 Mt.

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