Weekly Publications

WPB Week #33/18, 13-17 August 2018

it.assistant@ipcnet.org 20 Aug 2018 31

The market was quiet during the week due to lack overseas demand. In Middle East and Europe market remained close in view of pilgrimage holiday season in Middle East and summer holiday in Europe. More active market is reported in the USA.

In Lampung pepper harvest is ongoing but market remained slow moving in view of low prevailing price coupled with less output this year. In dollar terms, price in Lampung and Kochi decreased marginally due to weakening of local currencies in these countries. In HCMC, local prices touched a very low level which is about VND 50,000. In Sri Lanka, average price at main growing areas increased by 5% this week. In Bangka, local price was IDR 50,000 per Kg. In dollar terms the price decreased by 6%.


EXPORT OF PEPPER FROM BRAZIL:

Up to June 2018, Brazil has exported 31,200 Mt valued at US$ 99 million as against 21,000 Mt worth US$ 125 million exported in January - June 2017, recording an increase of 48% in quantity, but decreased in value by 21%. The significant increase of export in the first six months is possible due to large stock carried forward from last year good harvest. In addition to the above observation, pepper harvest in Esipirito Santos early this year is also contributed to make more supply in the first half of the year. Germany and the United States are remained the most important markets for Brazilian pepper which each absorb about 18%. It is interesting to note that in the first six months, Morocco emerged as the third important market for Brazilian pepper, absorbing 15%, replacing Viet Nam and the Netherlands to the next position absorbing 8% and 7% respectively. France and Mexico also imported a significant quantity of pepper from Brazil.

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