Weekly Publications

No. 28/24, 8 - 12 July 2024

it.assistant@ipcnet.org 12 Jul 2024 117

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week showed a mix response.
Both local and international price for Indian pepper reported with a decreasing trend this week.
Both local and international price for Indonesian pepper reported with an increasing trend this week which partially contributed
to the strengthening of Indonesian Rupiah against the US Dollar (IDR 16,231 @ 1 USD) or 1% appreciation.
Only Malaysian local white pepper continued to be reported with a decreasing trend for the last two (2) weeks.
Whilst, the others reported stable and unchanged.
After reported with an increasing trend for the last two (2) weeks, the local price for Sri Lankan pepper reported stable this week.
Only local Vietnamese pepper price continued to be reported with an increasing trend since last week.
Whilst, the international price reported with a decreasing trend.

Brazilian black pepper continued to be reported with a decreasing trend over the past month.
Furthermore, both Chinese white pepper and Cambodian black pepper continued to be reported stable and unchanged.
The pepper market in the US in the last two weeks reported with rapid fluctuations as several experts in Indonesia
and Brazil assessed that the 2024 season affected by a prolonged drought thus production expected to be the lowest in years,
with a decrease in harvest in 2024.
Import of Pepper by Netherlands (2022 - 2024).

FARM GATE PRICE BLACK PEPPER - in US$/Mt

FARM GATE PRICE WHITE PEPPER - in US$/Mt

FOB PRICE BLACK PEPPER - in US$/Mt

FOB PRICE WHITE PEPPER - in US $/Mt

IMPORT OF PEPPER BY THE NETHERLANDS (2022 - 2024)


BUYERS PRICES AT NEW YORK (In US$/Mt)

 

Notes:

  • Prices given are indicative prices. Quality may differ from place to place. Prices can vary and the IPC is not responsible for loss or damages caused to the users of these prices in the context of business contracts or other transactions
  • Producers' price ex Kochi is the price quoted for un-garbled quality at Kochi
  • Producers' prices ex Lampung and Pangkal Pinang are average prices received by farmers for unprocessed pepper
  • Producers' prices ex Kuching are the average prices offered by local traders to farmers for unprocessed pepper - grade 1
  • Producers' price in Sri Lanka is the average price received by growers, collected from 11 pepper growing districts in Sri Lanka - grade 1
  • Producers' price ex Ho Chi Minh City is prices for local purchases of pepper (500 g/l for black and 630g/l for white)

Notes:
IPC DOES NOT set the price of pepper; IPC only publishes the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC Secretariat database. The data were obtained from the official reports and correspondence between the IPC and has been processed based on statistical norms that can be accounted for.

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