Weekly Publications

WPB Week #23/16, 06 - 10 -June 2016

it.assistant@ipcnet.org 10 Jun 2016 7

Pepper price at origins were reported stable, except in Vietnam. Due to strengthening of local currencies in almost all producing countries, local prices in dollar have shown increasing trend.

In Vietnam, local price of black pepper increased from VND 168,000 per Kg at the beginning of the week to VND 171,000 at the week-s close. Local price of white pepper stood at the level of around VND 195,000 - 200,000 per Kg. Fob price of pepper in Vietnam were reported to have down during the week.

IMPORT OF PEPPER BY SOUTH KOREA:
In the last decade, South Korea imported pepper at around 4,000 to 4,500 Mt annually. Out of this around 6-8% was ground pepper. Major share of pepper imported by South Korea was from Vietnam. Malaysia, India and Indonesia also exported pepper to South Korea.

In the last two year, import of pepper by South Korea increased to 4,800 Mt in 2014 and 5,400 Mt in 2015. In 2016, it is expected that the import will be remaining high as indicated by import performance in the last four months as shown in the following table and chart.

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