Weekly Publications

WPB Week #47/18, 19 - 23 November 2018

it.assistant@ipcnet.org 23 Nov 2018 32

With most countries celebrating Milad-Un-Nabi (Moslem Holiday) on the 20th October aside from Viet Nam, this week prices at local market were reported relatively stable with the only exception of Sri Lanka which recorded a mere 1% decrease as compared to last week. At the local market the average price of a Kilogram of black pepper was IDR 37,500 in Indonesia, VND 56,100 in Viet Nam, RS 376 in India, MR 8.2 in Malaysia, and LKR 650 in Sri Lanka. Furthermore, the average price of white pepper per Kg this week was IDR 57,000 in Indonesia, VND 87,500 in Viet Nam, and MR 14,726 in Malaysia. FOB prices were reported to increase albeit insignificantly with the highest increase recorded at 2% by India. The increase was a result of fluctuation of local currency against US Dollar.


IMPORT OF PEPPER BY ITALY:
Considered as one of the important European market for pepper, in 2016 Italy imported 4,533 MT consisting of 3,711 MT of whole pepper and 822 MT of ground pepper, valued at USD 41.20 Million. In 2017, Italy imported 4,810 MT consisting of 3,988 MT of whole pepper, and 822 MT of ground pepper, valued at USD 33 Million; recorded an increase of 6.1% in quantity but declined 19.6% in value.

Furthermore, as of 2018 Italy has imported 2,861 MT of pepper consisting of 2,415 MT of whole pepper, and 446 MT of ground pepper, valued at USD 15.5 Million. Compared to 2017 in the same period, Italy imported 1.8% less on quantity and 33.7% less on value.

There was a shift for whole pepper main importer to Italy in 2018 which originated was by Brazil. As of July 2018, the imports of whole pepper by Italy were mostly supplied by Viet Nam at the total of 592 MT which was an increase of 15.6% as opposed to the same period in 2017. In reference to the ground pepper, France is still the top importer for Italy, which imported 207 MT from France as of July 2018, thus, recording an increase of 34% compared to the same period in 2017.

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