Weekly Publications

WPB Week #16/15, 20 - 24 April 2015

it.assistant@ipcnet.org 24 Apr 2015 10

The market showed a mixed trend during the week under review. In India, pepper price increased; while in Indonesia and Vietnam decreased. In Sarawak the price was reported stable.

In Kochi, India, local price increased by INR 20 per Kg to INR 575 per Kg at the weekÔÇÖs close. In Lampung and Bangka, local prices decreased by IDR 2,000 per Kg to IDR 103,000 for black in Lampung and IDR 168,000 for white pepper in Bangka. Local prices in Vietnam were recorded at the level of VND 175,000 per Kg for black and VND 260,000 per Kg for white pepper, a decrease of VND 3,000 for black and VND 15,000 for white pepper. In Sarawak, prices were stable throughout the week; but in Dollar terms, local price in Kuching increased by 2% due to strengthening of Malaysian Ringgit against US Dollar.

IMPORT OF PEPPER BY SINGAPORE:
During nineties Singapore was predominant in pepper trading with a substantial volume of trade of around 44,000mt of import. Indonesia was the main source and has a share of more than 50% of pepper into Singapore. It is interesting to note that pepper trade by Singapore has experienced a substantial decrease to reach 13,000 Mt of import in 2005 and 10,000 Mt in 2010. The decrease was mainly due to importers in consuming countries started sourceing pepper directly from producing countries. During the last two years 2013 and 2014, Singapore has recorded a significant change in pepper trade and the import of pepper into Singapore has increased substantially from 11,936 Mt in 2012 to 20,254 Mt in 2013 and 27,004 Mt in 2014. Vietnam was the main source, supplying more than 55% of pepper imported by Singapore, followed by Indonesia (33%). Out of the total pepper imported by Singapore, more than 90% was re-exported. Middle East and the United States were the main destinations for Singapore pepper exports.

Download PDF

Previous Publications

1... 21 22 23 24 25 ...28