Weekly Publications

No. 23/24, 3 - 7 June 2024

it.assistant@ipcnet.org 07 Jun 2024 165

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week showed a rather positive outlook with no origins reported with a decrease.
Both local and international price for Indian pepper continued to be reported with an increasing trend for the last three (3) weeks.
Only Indonesian black pepper price continued to be reported with an increasing trend this week. Whilst, Indonesian white pepper price reported stable.
Both local and international price for Malaysian pepper reported stable and unchanged.
The local price for Sri Lankan pepper continued to be reported with an increasing trend over the past month.
Both local and international price for Vietnamese pepper price continued to be reported with an increasing trend since early May.
Furthermore, according to industry experts, the pepper market had entered a new price increasing cycle, according
to information from The Gioi and Vietnam newspapers.

Brazilian black pepper continued to be reported with a significant increase since last week.
Chinese white Pepper was also reported with an increasing trend this week. Furthermore,
the increase of Chinese price in Hainan was due to expect low production as well as speculator from China inland.
Whilst, Cambodian black pepper reported stable and unchanged.
In US market, both black and white pepper prices reported with a significant increase with limited offers as well as buying pressure from Europe and China.
Export of Pepper by Belgium (2022 - 2024).

FARM GATE PRICE BLACK PEPPER - in US$/Mt

FARM GATE PRICE WHITE PEPPER - in US$/Mt

FOB PRICE BLACK PEPPER - in US$/Mt

FOB PRICE WHITE PEPPER - in US $/Mt

EXPORT OF PEPPER BY BELGIUM (2022 - 2024)


BUYERS PRICES AT NEW YORK (In US$/Mt)

 

Notes:

  • IPC doesn\'t set the price of pepper; IPC only showcases the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC database. The data were obtained from the official reports and correspondence between the IPC and have been processed based on statistical norms that can be accounted for.
  • Prices given are indicative prices. Quality may differ from place to place. Prices can vary and the IPC is not responsible for loss or damages caused to the users of these prices in the context of business contracts or other transactions
  • Producers\' price ex Kochi is the price quoted for un-garbled quality at Kochi
  • Producers\' prices ex Lampung and Pangkal Pinang are average prices received by farmers for unprocessed pepper
  • Producers\' prices ex Kuching are the average prices offered by local traders to farmers for unprocessed pepper - grade 1
  • Producers\' price in Sri Lanka is the average price received by growers, collected from 11 pepper growing districts in Sri Lanka - grade 1
  • Producers\' price ex Ho Chi Minh City is prices for local purchases of pepper (500 g/l for black and 630g/l for white)

Sources:

  • Brazil, Unofficial source (Coreimex, CSG Trade)
  • India: AISEF, NCDEX
  • Indonesia: Unofficial source
  • Malaysia: Malaysian Pepper Board
  • Sri Lanka: Department of Export Agriculture
  • Viet Nam : Viet Nam Pepper Association, HCMC
  • China: Hainan Pepper Association, China Spice Association
  • New York: Trader sources
  • A.A. SAYIA & Company
  • Europe: Reuter
  • Namagro
  • International Trade Centre (ITC)

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