Weekly Publications

WPB Week #06/15, 9 - 13 February 2015

it.assistant@ipcnet.org 13 Feb 2015 11

The local market prices of pepper producing countries showed a mixed response during the week. While Black pepper prices in India, Indonesia and Sarawak are decreasing Vietnam and Sri Lanka indicated an increase. Arrival of the pepper crop from the current harvest in India has commenced. Due to strong internal demand the material is easily absorbed domestically. In Lampung, the market remained quiet as new material is expected only in July. There is no catch crop reported during this year. Although flowering of pepper is reported better, heavy rains occurred during the week will likely to affect on crop. In Vietnam, the market is still calm in view of anticipating Chinese New year holidays.

Traders are now focussing more on fulfilling existing orders and as a result, local price of black increased marginally. Market is expected to be more active in late February/March, when material from current harvest from Central highland starts arrive in the market price increase of 4% was recorded in Sri Lanka during this week.

In respect of white pepper, local price in Bangka increase by 3%. This was due to immediate request of traders to fulfil orders. In Sarawak and Vietnam, the prices were reported stable. In dollar terms a marginal decrease of local price in Sarawak was observed due to weakening of Malaysian Ringgit against US dollar.

EXPORT OF PEPPER FROM VIETNAM:

During 2014 Vietnam has exported 146,400 Mt of pepper, valued at around USD 1.2 billion, as against 134,442 Mt worth USD 890 million exported in 2013. The export performance in 2014 was the highest achieved so far. Vietnam has taken opportunity of short supply and high prices prevailed in 2014 from other origins by maximizing their export. When compared with export in 2013, export volume in 2014 increased by 9% in and value by 35%. In the last 42nd Session of IPC held during October 2014 in HCMC, Vietnam, it was reported that stock brought forward from 2014 was very limited and production of pepper in 2015 is estimated to be slightly lower. Under this situation, pepper export from Vietnam in 2015 is estimated to be lower.

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