Weekly Publications

WPB Week #45/15, 9-13 November 2015

it.assistant@ipcnet.org 13 Nov 2015 12

In India and Indonesia, prices of Pepper increased marginally. In Vietnam, local price of black Pepper also increased marginally. Due to weakening of Vietnam Dong, however, local prices for Vietnamese black Pepper showed relatively stable price movements this week. Fob prices of Vietnamese pepper were also reported stable. In Sarawak, the prices were also stable. In dollar terms however, local price of Sarawak Pepper decreased marginally, due to weakening of Malaysian Ringgit against US dollar.

IMPORTOF PEPPER BY RUSSIA:
Russia is one important market for Pepper in Eastern Europe. During the last decade Russia imported Pepper around 9,000 mt annually. In 2014 however, Pepper imported into Russia decreased by 19% from 9,797 Mt to 7,927 Mt. The decrease was due to significant decrease of Pepper imported from Indonesia and India, following short supply from these two countries in 2014. Import of Russia from Vietnam also decreased in 2014. In 2015, import of Russia is estimated to again decrease. Extremely high price prevailing during the year and economic situation is the likely main factor influencing the decrease in import. During the first half of the year 2015, import into Russia was still minimal, much lower than exports in the same period last year. In the remaining months of the year it is expected that import of Russia would be better, following sufficient supply with more competitive price takes place in the second semester in Indonesia.

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