Weekly Publications

No. 43/24, 21 - 25 October 2024

it.assistant@ipcnet.org 25 Oct 2024 184

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week showed a rather negative outlook with no origins reported with an increase.
Both local and international price for Indian pepper continued to be reported with a decreasing trend for a month.
Both local and international prices for Indonesian pepper reported stable this week.
As the Malaysian Ringgit weakened against the US Dollar (MYR 4.33 @ 1 USD) or 1% depreciation, both local and international price for Malaysian pepper reported a decreasing trend this week.
The local price for Sri Lankan pepper reported stable this week.
Vietnamese black pepper reported stable this week. Whilst, Vietnamese white pepper reported with a decreasing trend. According to the VPSA, currently pepper gardens in Ba Ria, Vung Tau were in the fruit growing stage to prepare for the harvest around mid-January 2025.

Brazilian black pepper continued to be reported with a decreasing trend since last week which partially contributed to the weakening of the the Brazilian Real against the US Dollar (BRL 5.71 @ 1 USD) or 1% depreciation. Furthermore, Cambodian black pepper as well as Chinese white pepper remained stable and unchanged.
After reported with a decreasing trend in the past three (3) weeks, the US pepper market remained stable with limited activity.
Export of Pepper by Romania (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 ROMANIA (2022 - 2024)


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

 

Notes:

  • 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)

Notes:
IPC DOES NOT set the price of pepper; IPC only publishes the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC Secretariat database. The data were obtained from the official reports and correspondence between the IPC and has been processed based on statistical norms that can be accounted for.

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