Weekly Publications

WPB Week #08/17, 20-24 February 2017

it.assistant@ipcnet.org 24 Feb 2017 2

The market continued to slow down this week. Except in Sri Lanka, local price of black pepper at sources decreased up to 6%. For white pepper, the decrease was relatively lower. FOB price also decreased, with exception of Sarawak which is reported to have remained stable as last week.

In Vietnam, the harvest is on upswing trend. New material from initial harvest has started arrive in the market. Overseas demand however is sluggish. Local price of black pepper at HCMC decreased almost daily from VND 116,500 per Kg at the beginning of the week to VND 109,500 at the weekÔÇÖs close. FOB price of Vietnamese black pepper decreased by 2%. In respect of white pepper, the local price of white pepper was reported stable at VND 157,500 per Kg throughout the week; but FOB price of Vietnamese white pepper decreased by 6%.

In Lampung, the market was quiet in view of exhausted stock available at farm. The price however decreased following market trend prevailed in Vietnam. Up coming crop in Indonesia is expected to take place in July/August.

IMPORT OF PEPPER TO THE UNITED STATES
In the last decade import of pepper into the United States of America was on average at the level of around 70,000 Mt. During 2015, import of pepper into the United States increased significantly from 68,800 Mt in 2014 to 80,360 Mt in 2015. A substantial increase of 45% was recorded for ground. Import of whole black increased by 10%, while for white the increase was only 3%.

In 2016 the United States imported 75,360 Mt of pepper, recording a decrease of 5,000 Mt or 6% from 80,360 Mt in 2015. Viet Nam was the most important single source for the USA, supplying 52%. Other producing countries, such as Brazil, Indonesia and India supplied together around 42%. During the last ten years, import of black pepper into the USA fluctuated at the range of 43 - 53,000 Mt, but for white pepper was relatively stable. Import of ground pepper is consistently increasing from 7,500 in 2007 to 21,500 Mt in 2016, as shown in the following table and chart.

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