Weekly Publications

WPB Week #40/13, 30 September - 4 October 2013

it.assistant@ipcnet.org 04 Oct 2013 2

The market continued to be steady this week and prices in most of the origins increased further. Significant increase was recorded in the domestic market for Sarawak black pepper.
In Sarawak, local price of black pepper increased daily from MYR 16.4 per kg during last week to MYR 17 per kg at the week-s close. White pepper has also increased by 25 cents of Malaysian Ringgit to MYR 26.75 per kg. Fob price of Sarawak pepper increased by 1%. In Lampung and Bangka, the local price also increased marginally, but in dollar term, the prices were relatively stable. In Kochi, Malabar pepper price increased by INR 100 per quintal from INR 40,100 at the beginning of the week. Since availability of stock at sources is very limited, the price is expected to remain high in the next few months. Any changes may take place after the upcoming crops in India and Vietnam in early 2014 becomes clearer.

EXPORT OF PEPPER FROM INDIA
In 2012, India exported 18,400 mt of pepper valued at INR 7.3 billion as against 23,750 mt worth INR.7.2 billion in 2011, demonstrating a significant decrease of around 23% in volume, but increased marginally by 1% in value. During 2013, production of pepper in India is reportedly higher than the last year. However, total export from India this year is estimated to be more or less same as the last year. This was due to limited stocks brought forward from last year and increased internal demand. During January - July 2013, export from India was 11,000 mt as against 12,500 mt in the same period last year. Although total export in the first seven month was lower, exports in the remaining months of 2013 is estimated to be higher. This indication can be observed by the exports performance achieved during the last three months (May - July 2013) as shown in the chart.

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