Weekly Publications

WPB Week #46/17, 13 - 17 Nov 2017

it.assistant@ipcnet.org 17 Nov 2017 6

The market showed a mixed response during the week. In Lampung, Bangka and Sarawak local prices increased marginally while in India and Sri Lanka decreased. Anticipated good harvest of the upcoming crop season in India may be the main reason for the decrease. In Viet Nam the price were reported stable as last week. Local price stood at VND 75,500 and VND 117,500 per Kg for black and white pepper respectively and for FOB price was at the level of $4,050 and $5750 per Mt for black 550g/l and white 630g/l respectively.

In Lampung and Bangka trading activity was limited. Beside less output, current low price has also contributed to the sluggishness of the market. More active trading is taken place in Brazil following good harvest resulted this year. It was reported that production of pepper is around 58,000 Mt. The low prevailing price however prevailed at lower level. As a result of the low price, less investment occurred in the gardens. Consequently production for the upcoming yearÔÇÖs crop season is anticipated to be lower.

EXPORT OF PEPPER FROM MALAYSIA:
In the last 45th Session of the IPC held in Kandy, Sri Lanka, it was reported that production and export of pepper from Malaysia is estimated to slightly increase this year. MalaysiaÔÇÖs pepper harvest use to begin in May. This year production of pepper in Malaysia was reported 23,500 Mt consisting of 17,500 Mt of black and 6,000 Mt of white pepper, a marginal increase from 23,000 Mt in 2016. During January ÔÇô June 2017 monthly export from Malaysia was on average around 750 Mt per month. Up to August 2017, total export from Malaysia was around 7,700 Mt. Export in July and August increased following new material from this year harvest has arrived in the market. It is expected that pepper export to remain big in the remaining months of this year to achieve its target of higher export of 16,000 Mt (as indicated in the Malaysian country report). Taking into account opening stock of 11,700 Mt, 2,800 Mt of estimated import and 10,750 Mt of domestic consumption respectively, it is estimated that about 11,200 Mt will be carried forward to 2018.

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