Weekly Publications

WPB Week #04/16, 25-29 January 2016

it.assistant@ipcnet.org 30 Jan 2016 7

The market remained calm this week, with limited activities. Buyers watched on the crop development in India and Vietnam which is now in the upswing trend of its harvesting season. Domestic market prices were relatively stable in all the producing countries. In dollar terms however, price increases were recorded at most origins due to strengthening of local currencies against US dollar. A marginal decrease was reported from Sri Lanka for black pepper and for white pepper in Hainan. In Sri Lanka, pepper price decreased by LKR 10/Kg to LKR 1,204.

IMPORTOF PEPPER BY NETHERLANDS:
Netherlands, the most important pepper trading countries in Europe imported 15,850 Mt of pepper in 2014, comprising of 11,190 Mt of whole and 4,660 Mt of ground pepper, mainly from Vietnam. Out of the total import a volume of 12,850 Mt (9,190 Mt of whole and 3,660 Mt of ground pepper) was re-exported to neighboring countries like Germany, Poland, Austria, France and United Kingdom, leaving 3,000 Mt as net import. In 2015, import and re-export of pepper by Netherland showed a decreasing trend as indicated by import and export performance during the first 10 months of 2015. During January - October 2015 import of pepper into the Netherlands decreased by 2,900 Mt (21%) and for re-export decreased by 3,220 Mt (28%) to 11,190 Mt and 8,320 Mt respectively. More reduction in re-export is to keep sufficient domestic demand, following reduction in import. Although supply from producing countries increased in 2015, import of Netherlands decrease. This might be due to very high price prevailed during the year. Vietnam continued to be the main source of pepper into Netherlands supplying almost 60% of pepper imported by Netherlands during January-October 2015.

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