Weekly Publications

MARKET REPORT

Market this week showed mixed response. In local market, Malabar black pepper was reported with 1% deficit as compared to the previous week at an average of USD 4,046 per Mt. Indonesia black and white pepper were reported with an increase of 3% and 6% respectively as opposed to the previous week averaging at USD 2,348 per Mt for black pepper and USD 3,453 per Mt for white pepper, despite the weakening of Indonesian Rupiah against US Dollar. Malaysia black and white peppers in local market were also reported with an increase of 8% and 5% respectively when compared to the previous week at an average of USD 2,064 per Mt for black pepper and USD 3,421 per Mt for white pepper. Furthermore, Viet Nam black and white peppers were reported stable averaging at USD 2,080 per Mt for black pepper and USD 2,854 per Mt for white pepper. Sri Lanka black pepper was reported with 1% deficit when compared to the previous week and was traded at an average of USD 2,569 per Mt. China white pepper was reported with 3% deficit as compared to the previous week and traded at an average of USD 4,085 per Mt locally.

International market showed a similar trend as the local market. India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,313 per Mt. Indonesia black and white pepper were reported with an increase of 2% and 6% respectively as compared to the previous week averaging at USD 2,843 per Mt for black pepper and USD 4,075 per Mt for white pepper. Malaysia black and white peppers were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable and unchanged. China white pepper was reported with 3% deficit as opposed to the previous week and traded its white pepper at an average of USD 4,285 per Mt internationally.

Trade activity in US market this week was reported with less activity and price continues to slightly lower due to lack of demand from around the world. Muntok white pepper for CF July/August was reported at USD 4.150 per Mt.

IMPORT OF PEPPER BY POLAND

Poland, officially the Republic of Poland, is a country located in Central Europe. Furthermore, Poland is one of the countries in Europe that imports of pepper from various pepper producing countries whether for its domestic consumption or for re-export.

In 2018, Poland was reported to have imported a total 7,251 Mt of pepper which 83% or 6,011 Mt of it comprised of whole pepper while 17% or 1,240 Mt of it was ground pepper. The average import of pepper by Poland in 2018 was reported to be 604 Mt per month with the highest quantity recorded in November with 723 Mt. The total expenditure of pepper import by Poland was reported to be as high as USD 33.7 Million, recording an average price of the total pepper imported by Poland at USD 4,435 per Mt for whole pepper and USD 5,695 Per Mt for ground pepper.

Year 2019 saw an increasing trend in term of quantity of pepper import by Poland. Poland was reported to have recorded a total of 8,367 Mt which 80% or 6,681 Mt of it comprised of whole pepper and 20% or 1,686 Mt of it was ground pepper. Thus, recording an increase of 15% when compared to the same period in 2018. The average pepper imported by Poland was reported at 697 Mt per month which peaked in May with 852 Mt. Although increasing in terms of quantity, Poland was reported to have spent 16% less on its pepper import, totaling at USD 28.2 Million, Thus, recording an average price of the total pepper imported by Poland at USD 3,220 per Mt for whole pepper and USD 4,007 per Mt for ground pepper or a decrease by 27% and 30% respectively as compared to 2018.

As of March 2020, Pepper import by Poland was reported with a decrease of 20% as compared to the same period in 2019, totaling at 1,302 Mt which comprised of 74% or 969 Mt of whole pepper and 26% or 333 Mt of ground pepper. The total expenditure of pepper import by Poland as of March 2020 was reported with a decrease by 29% when compared to the same period in the previous year, totaling at USD 4.3 Million. Thus, recording an average price of the total pepper imported by Poland at USD 3,215 per Mt for whole pepper and USD 3,823 per Mt for ground pepper.

The top five countries of origins of Poland's pepper as of March 2020 were reported to be Viet Nam with 416 Mt (an increase of 65% as compared to the same period in 2019), France with 368 Mt (a decrease of 17%), Germany with 307 Mt (a decrease of 60%), Netherlands with 113 Mt (an increase of 57%) and Austria with 26 Mt (a decrease of 26%). The decreased of Poland import from Germany and Austria could be contributed to Poland preference of importing from origin country which offered more competitive price such as Viet Nam (an increase by 164 Mt as compared to the same period in 2019) and Netherlands which are the re-export hub to European countries (an increase by 41 Mt).