Weekly Publications

WPB Week #49/16, 5 - 9 December 2016

it.assistant@ipcnet.org 09 Dec 2016 1

The market has firmed up this week with limited activities. Buyers have filled up sufficient stocks in anticipation of long new yearend holidays. Except Sri-Lanka, the price of black Pepper in most of the origins has increased. In Vietnam and India the price has increased almost daily. On an average the increase reached 4% in Vietnam. In Lampung and Sarawak the black Pepper prices were reported stable. In dollar terms however, local price of Lampung and Sarawak black increased marginally by 1% due to strengthening of local currencies against US dollar.

The market for white Pepper also showed similar trends. In Bangka however, local price decreased marginally, but FOB price remained stable. In Vietnam local price of white Pepper increased by 8%.

IMPORT OF PEPPER BY UNITED KINGDOM:
During the last three years import of pepper into United Kingdom was around 11,500 Mt annually. In 2015 a volume of 12,000 Mt (4,000 Mt of whole and 8,000 Mt of ground pepper) was imported by United Kingdom, an increase of 10% from 10,900 Mt (3,200 Mt of whole and 7,700 Mt of ground pepper) in 2014. Major share of pepper imported into United Kingdom is ground pepper. In 2015, import of whole pepper increased by 25% and for ground pepper 4%.

During January - September 2016, total import of pepper into United Kingdom was 9,500 Mt, registering an increase of 14% from import in the same period last year (8,300 Mt). Import of whole pepper increased by 44%, while import of ground pepper decreased marginally by 3%. Netherlands as the trading countries in European countries supplied 28% of pepper into the United Kingdom. Vietnam and India supplied directly 25% and 16% respectively during the first nine months of the year 2016. ItÔÇÖs estimated that total import of United Kingdom in 2016 will be exceeding the import which is achieved in 2015.

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