Weekly Publications

WPB Week #02/15, 12-16 January 2015

it.assistant@ipcnet.org 16 Jan 2015 5

Pepper price is experiencing a declining trend during this week. This may be because of pepper harvest in India and Vietnam has started. Black Pepper price in India decreased from INR 665 per kg at the beginning of the week to INR 630 at the week-s close. In Vietnam, local price of black pepper decreased daily from VND 173,000 per kg to VND 165,000. Local price of white pepper in Vietnam however was reported stable. Similarly for fob price were also reported stable. In Sarawak and Indonesia the price of pepper decreased both in local as well as fob.

In Brazil, the price is lower but steady mostly due to Dollar rate with the constant and apreciation of Brazilian Real. Pepper prices for Asta keep at the level of US$ 9000 - 9150 and at growers in between R$ 21 - 22 per kg

EXPORT OF PEPPER FROM BRAZIL
In the last 42nd Session of IPC held in HCM City, Vietnam, on 27 - 30 October 2014, it was reported that production of pepper in Brazil for the year 2014 is estimated at the level of 35,000 Mt, a slight increase of 1,000 Mt from 34,000 Mt in 2013. In line with the increase in pepper production, export of pepper from Brazil in 2014 also increased by 12% from 30,570 Mt in 2013 to 34,170 Mt in 2014. In terms of value, Brazil has realized export earnings from pepper of around USD 295 million as against USD 200 million in 2013. During 2014, Brazil also exported 96 Mt of ground pepper as against 14 Mt in 2013. The United States and Germany were the main destination for Brazilian pepper. The two countries together absorbed 62% of Brazil-s pepper export (34% USA and 28% Germany).

It is interesting to note that Brazil has taken opportunity of prevailing good price after harvesting by releasing maximum quantity in the last three months. As a result, total export in 2014 was higher than targeted earlier of 31,300 Mt.

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