Weekly Publications

No. 44/24, 28 October - 1 November 2024x

it.assistant@ipcnet.org 01 Nov 2024 192

MARKET REPORT - KEY HIGHLIGHTS

The pepper market at the start of November showed a mix response.
After reported with a decreasing trend for a month, both local and international price for Indian pepper reported with an increasing trend this week as Indian celebrated public holiday of Diwali this week.
As the Indonesian Rupiah weakened against the US Dollar (IDR 15,732 @ 1 USD) or 1% depreciation, both local and international prices for Indonesian pepper reported with a decreasing trend this week.
Both local and international price for Malaysian pepper continued to be reported with a decreasing trend since last week which partially contributed to the weakening of the Malaysian Ringgit against the US Dollar (MYR 4.38 @ 1 USD) or 1% depreciation.
The local price for Sri Lankan pepper reported with an increasing trend this week.
Only International price for Vietnamese white pepper reported stable this week. Whilst, the others reported with a decreasing trend.

Brazilian black pepper as well as Chinese white pepper reported stable this week. Whilst, Cambodian black pepper reported with an increasing trend.
Import of Pepper by Turkey (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

IMPORT OF PEPPER BY TURKEY (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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