Weekly Publications

No. 06/25, 3 - 7 February 2025

it.assistant@ipcnet.org 07 Feb 2025 163

MARKET REPORT - KEY HIGHLIGHTS

The pepper market in the first week of February showed a mixed response with only Malaysian local white pepper reported with a decease.
Even though the Indian Rupee weakened against the US Dollar (INR 87.25 @ 1 USD) or 1% depreciation, both local and international price for Indian pepper continued to be reported with an increasing trend for the last three (3) weeks.
Both local and international price for Indonesian pepper reported with an increasing trend this week as less stock reported in the market.
Only Malaysian local white pepper reported with a deceasing trend this week. Whilst, the others reported stable.
The local price for Sri Lankan pepper continued to be reported with an increasing trend since the beginning of this year as Sri Lankan celebrated its 77th National Day this week.
Only Vietnamese international black 550 g/l and white pepper reported stable this week. Whilst, the others reported with an increasing trend. According to Dak Nong Television, Dak Nong farmers were currently preparing to enter the pepper harvest season. Compared to the same period in 2024, this year pepper prices showed many positive signs, helping people to be more excited and expecting a bumper crop.

Brazilian black pepper reported with an increasing trend this week. Furthermore, Cambodian black pepper as well as Chinese white pepper reported stable this week as China’s markets resumed after Chinese New Year Holiday.
Export of Pepper by Thailand (2022 - 2024).

FARM GATE PRICE BLACK PEPPER - in US$/Mt

FARM GATE PRICE WHITE PEPPER - in US$/Mt

FOB PRICE BLACK PEPPER - in US$/Mt

FOB PRICE WHITE PEPPER - in US $/Mt

EXPORT OF PEPPER BY THAILAND (2022 - 2024)

BUYERS PRICES AT NEW YORK (In US$/Mt)

 

Notes:

  • Prices given are indicative prices. Quality may differ from place to place. Prices can vary and the IPC is not responsible for loss or damages caused to the users of these prices in the context of business contracts or other transactions
  • Producers\' price ex Kochi is the price quoted for un-garbled quality at Kochi
  • Producers\' prices ex Lampung and Pangkal Pinang are average prices received by farmers for unprocessed pepper
  • Producers\' prices ex Kuching are the average prices offered by local traders to farmers for unprocessed pepper - grade 1
  • Producers\' price in Sri Lanka is the average price received by growers, collected from 11 pepper growing districts in Sri Lanka - grade 1
  • Producers\' price ex Ho Chi Minh City is prices for local purchases of pepper (500 g/l for black and 630g/l for white)

Notes:
IPC DOES NOT set the price of pepper; IPC only publishes the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC Secretariat database. The data were obtained from the official reports and correspondence between the IPC and has been processed based on statistical norms that can be accounted for.

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