Weekly Publications

MARKET REPORT

Market in the first week of July 2019 showed mixed response albeit slightly negative. In local market, Malabar black pepper was traded with a 2% deficit as compared to the previous week with an average of USD 4,879 per Mt.India black pepper price in local currency was reported at INR 336 per Kg on Thursday. Indonesia black pepper was reported stable, whilts Indonesia white pepper was reported to be traded with a deficit by 1% as compared to the previous week. Averaging at USD 2,052 per Mt for black pepper and USD 3,431 per Mt for white pepper. Indonesian black and white pepper in local currency were traded at an average of IDR 29,000 per Kg and IDR 48,500 per Kg respectively. Malaysian black and white pepper was reported stable and relatively unchanged as compared to the previous week, averaging at USD 2,475 per Mt for black pepper and USD 3,908 per Mt for white pepper. Viet Nam black pepper was reported to be traded with a slight 1% deficit as compared to the previous week, averaging at USD 1,945 per Mt, whilst Viet Nam white pepper reported unchanged. Sri Lanka black pepper continued to be traded negatively and was reported with the lowest ever prices in recent years. Recording a 5% deficit as opposed to the previous week at an average of USD 2,681 per Mt. China white pepper followed the negative trend and was traded with a 2% deficit.

In international market, FOB price of India black pepper was reported with slight deficit of 1% as compared to the previous week at an average of USD 5,169 per Mt. Indonesia black pepper was reported stable with an average of USD 2,509 per Mt whilst Indonesia white pepper was reported to be traded with a 1% deficit as compared to the previous week. Malaysia black and white pepper were reported unchanged, averaging at USD 3,685 per Mt and USD 5,275 per Mt respectively. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with a 1% deficit as opposed to the previous week with an average USD 2,315 per Mt, USD 2,380 per Mt and USD 3,465 per Mt respectively. China white pepper was reported with a 2% deficit as opposed to the previous week at an average USD 4,921 per Mt in the international market.

US market was reported stable and unchanged with Muntok spot price being reported at USD 5,072 per Mt.

IMPORT OF PEPPER BY POLAND

Poland, officially the Republic of Poland, is a country located in Central Europe. Poland is the sixth most populous member state of the European Union. Poland has a developed market and is a regional power in Central Europe, with the largest Stock Exchange in the East Central European zone. It has the sixth largest economy by GDP in European Union and one of the most dynamic economies in the world. The climate of Poland is mostly oceanic climates with cool temperatures. Therefore, Polish cuisine is rich in meat, winter vegetables and spices including pepper to warm their body from cold weather. Furthermore, to meet its pepper consumption, Poland imported pepper from various pepper producing countries.

In 2017, Poland was reported to have imported a total 6,215 Mt of pepper which 86% of it comprised of whole pepper while 873 Mt of it ground pepper. The average pepper import by Poland in 2017 was reported at 518 Mt per month with the highest quantity recorded in April with 666 Mt. The total expenditure of pepper import by Poland amounted to USD 44.7 Million, recording an average price of the total pepper imported by Poland at USD 7,233 per Mt for whole pepper and USD 6,946 per Mt for ground pepper.

Year 2018 saw pepper import by Poland increased by 17% as compared to the previous year totalling at 7,251 Mt which comprised of 6,011 Mt of whole pepper and 1,240 Mt of ground pepper. The average pepper import by Poland was reported at 604 Mt per month which peaked in November with 723 Mt. Although increasing in term of quantity, the pepper import by Poland decreased by 25% in terms of value which amounted to USD 33.7 Million. The average price of the total pepper imported by Poland was reported to be at USD 4,436 per Mt for whole pepper and USD 5,696 per Mt for ground pepper which meant a loss of 39% and 18% respectively as compared to the previous year.

At the beginning of 2019, pepper import by Poland as of March 2019 continued its increasing trend by recording an increase of 5% as compared with the same period in 2018, totalling 1,627 Mt which comprised of 1,192 Mt of whole pepper and 435 Mt of ground pepper. The total expenditure of pepper imports by Poland as of March 2019 decreased by 29% as compared to previous year in the same period, totalling at USD 6.1 Million.

The top five countries of which pepper was imported by Poland as of March 2019 were reported to be Germany with 765 Mt (an increase of 6% compared with the same period in 2018), France with 441 Mt (an increase of 12%), Viet Nam with 252 Mt (an increase with 13%), The Netherlands with 71 Mt (a decrease of 91%) and Brazil with 45 Mt (an increase of 67%). The significant decrease of Poland pepper import from The Netherlands could be contributed that Poland started to shift import from origins such as Viet Nam (an increase by 32 Mt as compared to the same period in 2018) and Brazil (an increase by 30 Mt).