Weekly Publications

No. 14/24, 1 - 5 April 2024

it.assistant@ipcnet.org 05 Apr 2024 100

MARKET REPORT - KEY HIGHLIGHTS

The pepper market in the first week of April continued to show a mix response.
Both local and international price for Indian pepper continued to be reported with an increasing trend since last week.
Indonesian black pepper reported with an increasing trend for the last four (4) weeks.
Whilst, Indonesian white pepper price continued to be reported with a decreasing trend since last week as less stock reported in the market.
Only Malaysian local pepper price reported with an increasing trend this week. Whilst, the others reported stable and unchanged.
Even though the Sri Lankan Rupee strengthened against the US Dollar (LKR 300.04 @ 1 USD) or 1% appreciation,
the local price for Sri Lankan pepper continued to be reported with a decreasing trend for the last two (2) weeks.
Only Vietnamese international white pepper price reported with an increasing trend this week.
Whilst, the others remained stable as domestic market reported stable.

Brazilian black pepper, Cambodian black pepper and Chinese white pepper continued to be reported stable and unchanged this week.
Pepper prices on the US market have weakened slightly in the last two (2) weeks in line with increasing selling pressure from the country of origin.
Export of Pepper by Singapore (2021 - 2023).

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

EXPORT OF PEPPER BY SINGAPORE (2021 - 2023)


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

 

Notes:

  • IPC doesn\\\'t set the price of pepper; IPC only showcases the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC database. The data were obtained from the official reports and correspondence between the IPC and have been processed based on statistical norms that can be accounted for.
  • 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)

Sources:

  • Brazil, Unofficial source (Coreimex, CSG Trade)
  • India: AISEF, NCDEX
  • Indonesia: Unofficial source
  • Malaysia: Malaysian Pepper Board
  • Sri Lanka: Department of Export Agriculture
  • Viet Nam : Viet Nam Pepper Association, HCMC
  • China: Hainan Pepper Association, China Spice Association
  • New York: Trader sources
  • A.A. SAYIA & Company
  • Europe: Reuter
  • Namagro
  • International Trade Centre (ITC)

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