Weekly Publications

WPB Week #37/18, 10-14 September 2018

it.assistant@ipcnet.org 14 Sep 2018 23

The market showed a mixed response during the week. In India the price decreased further after experiencing increase in August influenced by flood incident in Kerala. In Sarawak, the price also decreased. In Lampung, Bangka and Sri Lanka, the prices were reported to remain stable while in Viet Nam the price of black pepper has shown an increasing trend locally. There is an important turn in the market sentiment in Viet Nam which showed an increase of 6% as compared with last week price. Some factors were probably counted for as Indonesia crop ended, Brazil origin was overbooked in Sep/Oct. The market may rise from this level thanks to a squeeze in the short run.


IMPORT OF PEPPER BY SOUTH KOREA

Import of pepper into South Korea increased year by year from 4,300 Mt in 2011 to 6,150 Mt in 2017. Out of the total imported by South Korea, around 8% was ground pepper. Almost 90% of pepper imported by South Korea was sourced from Viet Nam. It is interesting to note that although Vietnamese export increase this year, import into Korea is estimated to decrease, as indicated by total import realized in the first seven months. During January - July 2017, South Korea imported 3,560 Mt of pepper consisting of 3,264 Mt of whole pepper and 296 Mt of ground pepper, as against 4,600 Mt in the same period last year, registering a significant decrease of 23%.

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