Weekly Publications

WPB Week #04/18, 22 - 26 January 2018

it.assistant@ipcnet.org 26 Jan 2018 10

Pepper price in some producing counties decreased further. In Sri Lanka, however, it was reported increase marginally to LKR 603 per Kg from LKR 594 last week. Local prices of pepper in Sarawak remained stable at MYR 13.4 and MYR 20.1 per Kg respectively for black and white pepper. In dollar terms however, local price of Sarawak pepper increased marginally by 1% due to strengthening of Malaysian Ringgit against US Dollar. In Indonesia, local price decreased by 5% for black in Lampung and 3% for white pepper in Bangka.

Trade source reported that FOB price of pepper in Viet Nam was US$ 3,220 per Mt for black 550 GL HTST and US$ 4,925 for white pepper (MC). Brazil pepper price was unchanged at the level of US$ 3,300 and US$ 3,200 per Mt for BASTA and B1 respectively. FOB prices in Sarawak were reported US$ 4,600 per Mt for black FAQ 550 and US$ 6,600 for FAQ 630 white pepper.

PRODUCTION AND EXPORT OF PEPPER FROM VIETNAM

As updated at the last 45th IPC Session held in November 2017 in Kandy, Sri Lanka, production of pepper in Viet Nam during 2017 was estimated at the level of 180,000 Mt. Along with carry over stock of 21,300 Mt early 2017 and estimated import of 30,000 Mt in 2017 and reduced by domestic consumption of 7,300 Mt, a volume of 224,000 Mt is considered as exportable surplus. Taking into account of 24,000 Mt as stock to meet export demand before following harvesting season starts, a volume of 200,000 Mt is probably for export. In fact, up to November 2017 however, real export of pepper from Viet Nam is reported to have reached 202,000 Mt. Up to December 2017, total export from Viet Nam could be more than 210,000 Mt showing 10 - 15,000 Mt higher than estimated earlier. This huge volume of export reflected real production in 2017 was higher than reported earlier. Witnessing the fact that huge exports and significant decrease of price in 2017, a bumper crop of around 200,000 Mt of production in Viet Nam in 2017 seems to have been realized. Due to too many rains occurred in flowering season in July/August 2017, production of pepper in Viet Nam for the up-coming crop season in 2018 is estimated to be lower from 2017.

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