Weekly Publications

WPB Week #41/12, 8 - 12 October 2012

it.assistant@ipcnet.org 07 Mar 2013 13

BLACK PEPPER : The market showed a mixed response during the week. In India and Lampung, black pepper price increased, while in Vietnam, Sarawak and Sri Lanka decreased.

Pepper prices in India increased this week. At Kochi, Malabar ungarbled black increased from INR 40,000 per quintal at the beginning of the week to INR 40,600 on Thursday, 11 October. Indian pepper is out priced in the international market. Appreciating Indian rupee has made Indian pepper costlier in the International market. Pepper future contract on NCDEX are also looking positive for intraday. Pepper November contract broke an important resistance level of INR 43,900 per quintal in Thursday's session. Next resistance levels are seen at Rs.44400 and Rs.45000. In the upcoming sessions it may travel north amid expectation of export demand. Low supplies in the domestic markets as well as festive season demand are expected to support prices.

As per the ABEP-s preliminary report the Brazilian pepper crop this year is about 22,000 MT which means Brazil is facing a serious problem. This may support the price for the Brazilian exporters.

WHITE PEPPER: Vietnam white pepper double washed was at about $9,100 a tones. White pepper from Vietnam usually exported to European and American customers at better prices, but this year declined continuously, due to reduction in the purchasing power compared to the last year. Processors expect demand will increase again when the buying improves during the upcoming festive seasons and holidays.

In Bangka white pepper price increased by 2%. Price parity prevailing in Indonesia coupled with higher production achieved during this year helps the exporters to ship more quantity of pepper.

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