Weekly Publications

WPB Week #44/18,  29 October - 02 November 2018

it.assistant@ipcnet.org 02 Nov 2018 41

Pepper prices at the local level showed mixed response. Price in India was reported dropped by 3% to an average of USD 5,048/MT as opposed to the previous week. Meanwhile, in Sri Lanka price of black pepper increased by 8% this week as compared to the previous week. Furthermore, the prices of black pepper and white pepper in Viet Nam also increased by 7% and 4% respectively. In Viet Nam, local price of black pepper increased from VND 56,700 per kg last week to VND 59,300 per kg this week. Then, local price of white pepper in Viet Nam also reported increased from VND 91,500 per kg last week to VND 92,500 per kg this week. Though the substantial demands pepper prices in Malaysia and Indonesia are reported to be relatively stable due to limited stock.


IMPORT AND EXPORT OF PEPPER BY SINGAPORE:

Singapore is one of the most important pepper traders in the world. Since 2008 pepper import and re-export by Singapore have been known to be quite high. Singapore reached its peak in 2014 where Singapore imported 27,004 MT of pepper and re-exported it by 25,405 MT which amounted to USD 224 Million and USD 213 Million respectively. The following years showed declining trend of both import and export of pepper to and from Singapore. In 2015 there was a 25% decline in pepper imports and exports by Singapore compared to 2014. Then, a drastic decline occurred in 2016, at that time Singapore imported 68% lower and exported 71% lower than 2015.

In 2018 Singapore began to show better import and export figures compared to 2017 in the same period. Until July 2018 Singapore has imported 4,341 MT of pepper which equals to USD 17 Million, a 43% higher than the import in 2017 in the same period of 3,033 MT quantity wise. Viet Nam and Indonesia are the main exporters of pepper to Singapore. Until July 2018 exports from both countries to Singapore had reached 1,666 MT and 1,198 MT respectively.

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