Weekly Publications

WPB Week #12/16, 21-25 March 2016

it.assistant@ipcnet.org 28 Mar 2016 3

Pepper prices at most origins were relatively stable during the week under review. In Vietnam local price of black and white pepper in HCMC stood at the level of around VND 150,000 per Kg for black and VND 197,500 per Kg. of white pepper. On average however, local price of black increased by 3%, while for white pepper remained stable. FOB price of Vietnamese black was reported sable while for white pepper decreased. In Kochi, India local price of black increased marginally from INR 665 per Kg at beginning of the week to INR 669 at the weekÔÇÖs close. In Lampung, Bangka, Sarawak and Sri Lanka the prices were reported stable. A marginal decrease in dollar price in Sri Lanka was due to weakening of local currency against US dollar.

EXPORT OF PEPPER FROM BRAZIL
In the last 43rd Session of IPC held in Mysore, India, on November 2015 it was reported that production of pepper in Brazil for the year 2015 is estimated at the level of 41,500 Mt, an increase of 2,500 Mt from 39,000 Mt in 2014. In line with the increase in pepper production, export of pepper from Brazil in 2015 also increased. As per the latest information received, the increase of export volume in Brazil reached 11% from 34,170 Mt in 2014 to 38,030 Mt in 2015. In terms of value, Brazil has realized export earnings from pepper of around US$ 348 million as against US$ 295 million in 2014. Out of the total export in 2015, a volume of 135 Mt was ground pepper. The United States and Germany were the main destination for Brazilian pepper. The two countries together absorbed 58% of BrazilÔÇÖs pepper export (32% USA and 26% Germany).

It is interesting to note that Brazil has taken opportunity of prevailing good price by releasing maximum quantity in the last three months in 2015. As a result, total export in 2015 was higher than targeted earlier of 36,000 Mt.

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