Weekly Publications

No. 24/24, 10 - 14 June 2024

it.assistant@ipcnet.org 14 Jun 2024 142

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week continued to show a positive outlook with no origins reported with a decrease.
Both local and international price for Indian pepper continued to be reported with an increasing trend over the past month.
Both local and international price for Indonesian pepper reported with an increasing trend this week as less stock reported in the market.
Only local price for Malaysian pepper reported with an increasing trend this week.
Whilst, International price for Malaysian pepper continued to be reported stable and unchanged.
The local price for Sri Lankan pepper continued to be reported with an increasing trend in the last five (5) weeks.
Both local and international price for Vietnamese pepper price continued to be reported with an increasing trend since early May.
The increase for Vietnamese pepper due to less stock at farm gate as well as a decreased in pepper harvest in Viet Nam according to information from Namagro.

Brazilian black pepper and Chinese white pepper continued to be reported with an increasing trend this week.
The increase for Brazilian pepper could be contributed to some crop failure reported in Espirito Santos, Brazil, thus,
shortage of stock was reported according to information from CSG Trade & COREIMEX. Whilst, Cambodian black pepper continued to be reported stable and unchanged.
In US market, both black and white pepper prices reported with a significant increase with limited offers as well as buying pressure from Europe and China.
Export of Pepper by United Kingdom (2022 - 2024).

FARM GATE PRICE BLACK PEPPER - in US$/Mt

FARM GATE PRICE WHITE PEPPER - in US$/Mt

FOB PRICE BLACK PEPPER - in US$/Mt

FOB PRICE WHITE PEPPER - in US $/Mt

EXPORT OF PEPPER BY UNITED KINGDOM (2022 - 2024)


BUYERS PRICES AT NEW YORK (In US$/Mt)

 
 
Notes:

  • Prices given are indicative prices. Quality may differ from place to place. Prices can vary and the IPC is not responsible for loss or damages caused to the users of these prices in the context of business contracts or other transactions
  • Producers' price ex Kochi is the price quoted for un-garbled quality at Kochi
  • Producers' prices ex Lampung and Pangkal Pinang are average prices received by farmers for unprocessed pepper
  • Producers' prices ex Kuching are the average prices offered by local traders to farmers for unprocessed pepper - grade 1
  • Producers' price in Sri Lanka is the average price received by growers, collected from 11 pepper growing districts in Sri Lanka - grade 1
  • Producers' price ex Ho Chi Minh City is prices for local purchases of pepper (500 g/l for black and 630g/l for white)

Notes:
IPC DOES NOT set the price of pepper; IPC only publishes the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC Secretariat database. The data were obtained from the official reports and correspondence between the IPC and has been processed based on statistical norms that can be accounted for.

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