Weekly Publications

WPB Week #38/16, 19 - 23 September 2016

it.assistant@ipcnet.org 23 Sep 2016 4

Pepper prices showed a marginal decrease in most of the production origins. Different Pepper prices prevailing in their domestic markets were due to difference in quality of Pepper being traded, from one to other producing centers. In India and Sri Lanka however, the Pepper prices are still prevailing at relatively higher level compared to other producing origins. In Kochi, local price of Malabar black Pepper traded at the level of INR 689 (US$ 10.3) per Kg and for Sri Lanka black Pepper price was reported at the level of LKR 1,247 (US$ 8.5) per Kg.

In Lampung trading activity at domestic market was quiet. This was due to limited material from recent harvest arrived in the market. Some stocks are still available at farms. They release little by little, while expecting to have better price.

IMPORT OF PEPPER BY SINGAPORE:
During nineties Singapore was predominant in pepper trading with a substantial volume of trade of around 44,000Mt of import. Pepper trade by Singapore has experienced a substantial decrease to reach 13,000Mt of import in 2005 and 10,000Mt in 2010. The decrease was mainly due to the decrease in supply from traditional sources like Indonesia and Malaysia and those producing countries have supplied their products directly to the consuming countries. However, during the period of 2011-2014, import of Pepper by Singapore has shown an increasing trend to reach 27,000Mt (24,960 Mt of whole pepper and 2,040 Mt of ground pepper), mainly supported by the supply from Vietnam. In 2015 however, the import has again declined significantly by 25% to 20,177 Mt (19,546 Mt of whole pepper and 631 Mt of ground pepper). Vietnam remained the main source of whole pepper supplier contributing over 50%. Import of ground pepper was mainly from Malaysia.

In 2016, pepper import to Singapore is estimated to again decrease significantly as indicated by import performance during the first four months of 2016. During January - April 2016, Singapore imported only 1,717 Mt, a substantial decrease of 80% from 8,776 Mt in the same period last year, mainly due to significant reduction of pepper supply from Vietnam from 6,320 Mt to only 434 Mt. Import of whole pepper decreased by 82% while decrease of ground pepper was only 39%.

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