Weekly Publications

WPB Week #08/16, 22-26 February 2016

it.assistant@ipcnet.org 26 Feb 2016 9

The market has shown mixed response in the different region of the producing countries. In India, prevailed unfavorable weather has hit Pepper production in Kerala region. Current production is dependent on Pepper arrivals from Karnataka state. Despite of the harvesting is started in Vietnam and continued in India, Pepper price is not so volatile. This may be due to the poor stocks from last year and expected higher prices in future months. It is obvious that, because of lower production than the expectations and robust demand, no decline in price can be expected due to harvesting continued in India till end April.

In the Vietnam new crop arrival is lagging behind demand at the moment, though harvesting of Pepper is expected to be better and export revenue to hit higher than the last year as per market information. It is also understood that, the strong price increase in Pepper has led to the area expansion and supply side strengthening further. The FOB price in black Pepper has changed by around 5 to 6% during ongoing harvesting season in the country.

Indonesia remains quite and globally price gap versus origin has narrowed and remained almost stable. The price change of -3% in black Pepper and -2% in white Pepper is seen ,this is due to the volatility in prevailing currency fluctuations in the market. Sri-Lanka price has slighted decreased by -1% over the week.

Pepper Scenario in Cambodia
Cambodia is one of the emerging Pepper producing and exporting countries, the figures as depicted in the chart as below since year 2010 reflects the performance of the country. The Cambodian black pepper from the year 2000 has been growing in 17 provinces in Cambodia, including the main plantation area which is located in Tbong Khmum province , located closer to Vietnamese border in the north-east of Cambodia. Total area under Pepper is around 4,645 Ha and the production is around 9,000 Mt for the year 2015. It is expected that, Cambodia production is expected to be more than 10,000 Mt by 2016. Over 90% of its produce is exported and its local consumption is less than 1,000Mt. It is seen that Vietnam and Thailand are the major market for Cambodia Pepper and as well it finds its market to East Asia, Australia and European Union.

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