Weekly Publications

WPB Week #22/15, 1 - 5 June 2015

it.assistant@ipcnet.org 05 Jun 2015 1

India and Vietnam, the price here has increased further. While in other origins the prices were relatively stable. In dollar terms, marginal decreases were recorded in Indonesia and Sarawak, due to weakening of its currencies against US dollar.

It was reported that stock of Malabar black has limited. Major share of good harvest in early this year has been absorbed internally, leaving limited stock for export. In Vietnam, harvesting has been completed and less output than the expectation was reported. Experienced good prices during the previous crop, producers are not interested to release pepper immediately. Under this situation an increased price has noticed in these origins.

In Sarawak, the harvest is on-going. An anticipated good harvest has to be confirmed. In Lampung, the market remained quiet and players are watching closely on the development of pepper harvest which is expected to begin in July. In view of Ramadan, expected soon, the market in June may not change.

EXPORT OF PEPPER FROM MALAYSIA:
In 2014 Malaysia exported 13,600 Mt, an increase of 13% from 12,100 Mt of export in 2013. From November 2014 up to February 2015 however, the export has shown a declining trend and in terms of monthly export performance, it was lower when compared to the monthly export achieved in the previous year. Low export during situation of high prevailing price level has reflected that stock in the country was limited. This year, production is anticipated to be slightly better. Observing high demand and limited stock brought forward from previous crop, the harvest is likely not making significant pressure on the market and price is anticipated to remain high.

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