Weekly Publications

WPB Week #40/14, 29 September - 3 October 2014

it.assistant@ipcnet.org 03 Oct 2014 8

Domestic markets in producing countries showed a mixed response during this week. In Vietnam and Sarawak, local prices experienced a marginal decrease while in Sri Lanka increased by 3%. Local price in Indonesia and Brazil were reported stable, but in dollar terms decreased marginally due to weakening of local currencies against US dollar. Fob prices remained stable, except in Brazil for black and in Vietnam for white pepper. Under the situation of tight stock in Vietnam and Indonesia, the most important sources of pepper, price is expected to remain steady until harvest in India and Vietnam begins in early 2015.

IMPORT OF PEPPER BY NETHERLANDS:
Netherlands as one of the important pepper trading countries in Europe imported 15.006 Mt of pepper in 2013, comprising 10,620 Mt of whole pepper and 4,386 Mt of ground pepper as against 16,506 Mt in 2012 (12,962 Mt of whole pepper and 3,644 Mt of ground pepper). Major portion of pepper imported by the Netherlands was for re-export to the neighboring countries in EU. It is interesting to note that share of import of ground pepper increased significantly in the last three years from 13% in 2010 to 29% in 2013. Up to June 2014, total import of Netherlands was around 8,522 Mt (6,116 Mt of whole pepper and 2,406 Mt of ground pepper) recording an increase of 19% from 7,170 Mt of import in the same period last year. In the first half of 2014, Vietnam maintained the most important pepper supplier for Netherlands followed by Indonesia and India.

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