Weekly Publications

No. 13/24, 25 - 29 March 2024

it.assistant@ipcnet.org 29 Mar 2024 92

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week continued to show a mix response.
Both local and international price for Indian pepper reported with an increasing trend this week.
Furthermore, bullish global prices might slow imports and spurred exports as quoted from thehindubusinessline.com.
Indonesian black pepper reported with an increasing trend for the last three (3) weeks.
Whilst, Indonesian white pepper price reported with a decreasing trend.
Only Malaysian local black pepper price reported with an increasing trend this week.
Whilst, the others reported stable and unchanged.
Even though the Sri Lankan Rupee strengthened against the US Dollar (LKR 302.38 @ 1 USD) or 1% appreciation,
the local price for Sri Lankan pepper reported with a decreasing trend this week.
Local price for Vietnamese pepper price reported stable since last week. Whilst, international price for Vietnamese pepper
continued to be reported with an increasing trend for the last two (2) weeks.

Only Brazilian black pepper reported with an increasing trend this week. Whilst,
Cambodian black pepper and Chinese white pepper continued to be reported stable and unchanged.
Import of Pepper by Greece (2021 - 2023).

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

IMPORT OF PEPPER BY GREECE (2021 - 2023)


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

 

Notes:

  • IPC doesn\\\'t set the price of pepper; IPC only showcases the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC database. The data were obtained from the official reports and correspondence between the IPC and have been processed based on statistical norms that can be accounted for.
  • 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)

Sources:

  • Brazil, Unofficial source (Coreimex, CSG Trade)
  • India: AISEF, NCDEX
  • Indonesia: Unofficial source
  • Malaysia: Malaysian Pepper Board
  • Sri Lanka: Department of Export Agriculture
  • Viet Nam : Viet Nam Pepper Association, HCMC
  • China: Hainan Pepper Association, China Spice Association
  • New York: Trader sources
  • A.A. SAYIA & Company
  • Europe: Reuter
  • Namagro
  • International Trade Centre (ITC)

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