Weekly Publications

WPB Week #19/16, 9 - 13 May 2016

it.assistant@ipcnet.org 13 May 2016 8

An increasing trend of pepper price has shown particularly for black pepper in India, Vietnam and Sri Lanka. In Indonesia and Malaysia prices were relatively stable. In dollar price at local market however, the price decreased due to weakening of their local currencies against US dollar. In India local price of black pepper stood at the level of INR 696 per Kg increased by 1% from the previous average price at INR 690 per Kg. In Vietnam, local price of black pepper increased almost daily from VND 158,500 per Kg at the beginning of the week to VND 163,000 per Kg at the weekÔÇÖs close. In Sri Lanka an increase of 5% was recorded during this week.

IMPORT OF PEPPER BY THE UNITED STATES:
In the last decade United States of America imported around 70,000 Mt of pepper annually and monthly import was around 5-6,000 Mt. In 2015, Import of pepper into the United States of America increased significantly by 11,560 Mt (17%) from 68,800 Mt in 2014 to 80,360 Mt (53,290 Mt of black pepper, 5,480 Mt of white pepper and 21,590 Mt of ground pepper). A substantial increase of 45% was recorded for ground pepper. Import of whole black increased by 10%, while for white the increase was only 3%. The increase in import was in line with the significant increase in production of pepper in producing countries, during the year, mainly in Indonesia and India.

In February 2016, the United States imported 6,250 Mt of pepper, an increase of around 21% from 5,160 Mt imported in February 2015 and increase by 10% from 5,650 Mt in the previous month (January 2016). During January - February 2016 the United States imported 11,900 Mt (7,405 Mt of black, 633 Mt of white and 3,862 Mt of ground pepper). Total import in the first two months was higher by 7% when compared with the total import in the same period last year. Import of whole black and white pepper increased; while import of ground pepper decreased. Brazil was the main source of pepper for the United States, supplying 45% of whole pepper imported into the United States, followed by Indonesia 29%. In the case of ground pepper, Vietnam and India were the main sources supplying all together more than 85% in the first two months of 2016.

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