Weekly Publications

WPB Week #01/17, 2 - 6 January 2016

it.assistant@ipcnet.org 06 Jan 2017 3

The market has been slow activities since holiday mood occurred in the last weeks. Entering 2017 the market remained calm with limited activities. Local prices of pepper in India, Indonesia and Malaysia were relatively stable, while in Vietnam and Sri Lanka increased marginally. Except in Vietnam, FOB prices at origins were reported stable.

It is expected that price in 2017 will remain high. In the short term however the market will depend on the development in India and Vietnam, where harvest in these two main source is about to begin. Signal for the good prospect was received, where price prevailed in these sources increased almost daily during the week. On an average however price in India was relatively stable. In Sri Lanka price increase was recorded.

In 2016 the price experienced a declining trend after recording a highest level achieved in 2015. Pepper prices recorded the highest at the level of $ 11.33 per Kg for black and $ 16.50 per Kg for white pepper in New York in July 2015. The price then decreased to $ 7.98 and $ 11.69 per Kg respectively for black and white pepper in December 2016. Although the price is still good enough but has decreased by 29% from the highest in 2015 as shown in the chart below.

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