Weekly Publications

WPB Week #38/17, 18 - 22 September 2017

it.assistant@ipcnet.org 22 Sep 2017 5

The pepper market tends to weaken. Trading at sources is reportedly limited. Low demand and falling prices are a common feature of the pepper market situation this week.

Although pepper supply in Indonesia is limited, it is not able to push the price up, as it is severely affected by price movements in other producing countries, especially in Viet Nam. The decrease of pepper prices in Viet Nam in the last few weeks has pushed pepper prices in some other countries down.

Currently pepper price has reached the point of un-encouraging levels. Producers in Viet Nam are not interested to release available material at lower price. They hold back pepper onto stock and prices are reportedly unchanged throughout the week. During the week, pepper price in Viet Nam is reportedly stands at the level of VND 84,500 and VND 127,500 per Kg for black and white pepper respectively prevailed at local market. While for FOB price stood at the level US$ 4,150 and US$ 4,450 per Mt for black 500 and 550 g/l respectively. Fob price of Vietnamese white pepper was US$ 6,450 per Mt. When compared to average price during previous week however, the price in Viet Nam decreased by 1-3%.

In Lampung and Bangka the price has slide down this week to touch below IDR 50,000 and IDR 75,000 per Kg for black and white pepper respectively. In India the price decreased by 3%. Marginal decrease of 1% was also recorded in Sri Lanka.

In Sarawak local price of pepper was reported stable at the level of MYR 17.1 and MYR 25.3 per Kg respectively for black and white pepper. When compared to price in the last two months, the price has increased by MYR 5.3 (31%) and MYR 4.1 (16%) for black and white pepper respectively. The increase was reported due to stock at farms has reduced.

In Viet Nam, NAMAGRO offered Vietnamese black pepper at the level of US$ 4,000 500 FAQ, US$ 4300 500 MC, US$ 4,400 550 MC and US$ 4,500 570 MC. Similarly in Brazil, Royal Golden Trading offered Brazilian black at the level of US$ 3,800 Asta, US$ 3,700 B1 and US$ 3,600 B2 all for Oct-Nov Shipment.

Download PDF

Previous Publications

1 2 3 4 ...28