Weekly Publications

WPB Week #04/13, 21 - 25 January 2013

it.assistant@ipcnet.org 13 Mar 2013 18

BLACK PEPPER: The market remained steady and price increased further, although pepper harvest in India is ongoing. At Kochi market, India prices increased by 3%, both in local and fob. Stock in the domestic market is adequate, following the arrival of fresh crop. Trading activity is still limited as indicated by the quantity traded in the Commodity Exchange. Futures price however increased up to 3%. In Vietnam, pepper harvest is approaching. Prices at HCMC market reportedly increased with limited activity. In Lampung and Sarawak, the prices were relatively stable with slight increase. This situation is expected to remain unchanged until peak harvest of pepper in India and Vietnam is reported.

WHITE PEPPER: The market for white pepper is still calm. The market would be more active when Vietnamese crop arrives in to the market. In Bangka, white pepper price increased marginally by 1%. In Sarawak and Vietnam, the prices were reported stable; however, the decrease in local price of Sarawak was mainly due to weakening of the local currency against US Dollar.

EXPORT OF PEPPER FROM SARAWAK:
During 2012, Malaysia is estimated to have shipped 10,420 mt of pepper, comprising 8,405 mt of black and 2,015 mt of white pepper. The export registered a decrease of 27% when compared to exports of 14,325 mt (11,040 mt of black and 3,285 mt of white pepper) achieved in 2011. The decrease in export during the year of high prevailing price levels represented that production and stock of pepper during the year was limited.

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