Weekly Publications

WPB Week #03/17, 16 - 20 January 2017

it.assistant@ipcnet.org 20 Jan 2017 1

Domestic market of pepper showed a mixed response during the week. In Vietnam, local price of pepper stood at the level of VND 128,500 pr Kg for black and VND 177,500 for white throughout the week. When compared to previous week average price, the price of black pepper has decreased by around 3%, whereas for the white pepper, the price has remained stable. Marginal decreases were also recorded in Lampung-Indonesia, Sri Lanka and India; while in Sarawak-Malaysia; local price of black pepper has increased by 6% and for white pepper by 4%.

Except in Vietnam, FOB price of pepper at most origins were recorded stable. In Vietnam fob price of black pepper decreased by 3%; while for white pepper has remained stable.

IMPORT OF PEPPER BY SOUTH KOREA:
Import of pepper into South Korea has been increasing year on year basis during last five years from 4,300 Mt (4,000 Mt of whole pepper and 300 Mt of ground pepper) in 2011 to 5,400 Mt (4,975 Mt of whole pepper and 425 Mt of ground pepper) in 2015, recording an increase of 25%, i.e. around 5% growth per year.

It is expected that import of pepper by South Korea in 2016 will be remaining high as indicated by import performance in the last eleven months as shown in the following table and chart. During January-November 2016 South Korea imported 5,160 Mt of pepper (4,745 Mt of whole and 415 Mt of ground pepper), as against 5,220 Mt in 2015. Vietnam is the main source of pepper for South Korea, supplying more than 75%, replacing Malaysia, the traditional supplier with only 16% share during January to November 2016.

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