Weekly Publications

WPB Week #52/16, 26-30 December 2016

it.assistant@ipcnet.org 30 Dec 2016 8

The market has not shown much activity due to holidays at the end of the year end and New Year celebration mood. The prices in India, Vietnam and Sri Lanka have decreased, while in Malaysia the price of black and white pepper are stable. Except in Malaysia, pepper prices reported to be decreased over the previous week and in India local Pepper price is reported to reduce by 2.3%, while in Vietnam and in Sri Lanka black pepper price decline by 2.8% and 6.3%, respectively. FOB price of black pepper has decreased by around 2.3% and 3.8% in India and Vietnam, respectively. Pepper harvest expected from Vietnam, India and a part of Sri Lanka seems to be the reason behind that, in addition to the poor market activities all over the world. Price of white pepper was not seems to be affected much but FOB price of white pepper has reduced by 4.6% in Vietnam. Stability of the white pepper price is observed in China.

IMPORT OF PEPPER BY INDIA:
During the last six years since 2010, importation of pepper by India seems to increase by around 64% up to 2014, from 14,009Mt to 22,997Mt. The marginal decrease of 7% in the year 2015 was seen because of good production of Pepper in India. In the year 2016 from January to September 2016, India has imported around 17,701Mt of Pepper and expected to import further to the extent of 2014 import or even more to meet its demand for value addition of Pepper. From the import figures it is seen that India imports major quantity of pepper from Sri Lanka, Vietnam and Indonesia to the extent of 96% of its needs and lesser quantities from Brazil, Madagascar, Singapore, Ethiopia, UAE and Ecuador.

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