Weekly Publications

MARKET REPORT

Market this week showed mixed response with a rather positive outlook as only Malaysia origin was reported with a decrease. In local market, Malabar black pepper was reported with an increase of 1% as compared to the previous week at an average of USD 4,167 per Mt. Indonesia black pepper was reported with significant increase of 11% as opposed to the previous week averaging at USD 2,134 per Mt. The increase of Indonesia pepper could be contributed to the increase of demand while the stock were limited as well as the strengthening of Indonesian Rupiah against US Dollar (IDR 14,057 @ USD 1), an appreciation by 1% recorded. In local currency, the price of Indonesia black pepper increased to an average of IDR 30,000 per Kg from IDR 27,500 per Kg in previous week. Whilst, Indonesia white pepper was reported stable averaging at USD 3,166 per Mt.
Malaysia black and white pepper were reported with an increase of 2% and 1% respectively as compared to the previous week at an average of USD 1,762 per Mt for black pepper and USD 3,141 per Mt for white pepper.

Furthermore, Viet Nam black and white peppers were reported with an increase of 2% and 3% respectively as compared to the previous week at an average of USD 2,199 per Mt and USD 3,023 per Mt respectively. Sri Lanka black pepper was reported stable and was traded at an average of USD 2,722 per Mt. China white pepper was reported with an increase of 1% as compared to the previous week averaging at USD 4,225 per Mt locally.

International market showed a similar trend as the local market. India black pepper was reported with the same 1% increase as compared to the previous week at an average of USD 4,431 per Mt. Continuing the trend of the farm gate price, Indonesia black pepper was reported with significant increase of 10% as compared to the previous week averaging at USD 2,605 per Mt whilst Indonesia white pepper was reported stable at an average of USD 3,761 per Mt. In response to the harvest season, Malaysia black and white pepper were reported with 2% deficit respectively when compared to the previous week averaging at USD 3,601 per Mt for black pepper and USD 5,156 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l was reported stable with slightly increase averaging at USD 2,540 per Mt whilst Viet Nam black pepper 550 g/l and Viet Nam white pepper were reported with an increase of 1% respectively as opposed to the previous week at an average of USD 2,620 per Mt and USD 3,850 per Mt respectively. China white pepper was reported with an increase of 1% as compared to the previous week averaging at USD 4,425 per Mt internationally.

EXPORT OF PEPPER BY UNITED KINGDOM

The United Kingdom of Great Britain, commonly known as the United Kingdom (UK) is a sovereign country located off the north-western coast of the European mainland. United Kingdom actively imports pepper from various pepper producing countries for domestic consumption or for re-export.

In 2018, United Kingdom was reported to have imported a total of 12,185 Mt which 34% of it comprised of whole pepper. In the following year, United Kingdom's import of pepper increased by 8%, totaling at 13,121 Mt. The ratio of United Kingdom's import and export during 2018-January 2020 are 14:1, 13:1 and 8:1 respectively. In January 2020, United Kingdom was reported to have imported a total of 1,152 Mt of which 140 Mt went for re-export purposes. The top five countries of origins of United Kingdom pepper both for whole and ground as of January 2020 were reported to be Viet Nam with 563 Mt, Netherlands with 180 Mt, India with 124 Mt, France with 84 Mt and China with 82 Mt.

In 2018, United Kingdom was reported to have exported a total of 847 Mt of pepper which 40% or 338 Mt of it comprised of whole pepper and 60% or 509 Mt of it ground pepper. United Kingdom on average exported a total of 71 Mt per month in 2018 which peaked in August with 118 Mt. The total revenue of United Kingdom's export of pepper in 2018 was reported to be as high as USD 8.9 Million. Thus, recording the average price of the total pepper exported by United Kingdom at USD 10,750 per Mt for whole pepper and USD 10,407 per Mt for ground pepper.

Year 2019 saw an increase in term of quantity of pepper exported by United Kingdom. United Kingdom was reported to have exported a total of 981 Mt of which 47% or 458 Mt of it comprised of whole pepper and 53% or 523 Mt of it ground pepper, recording an increase of 16% when compared with 2018. The average export of pepper by United Kingdom in 2019 was reported to be at 82 Mt per month which peaked in July with 110 Mt. Although increasing in terms of quantity, United Kingdom's revenue from pepper export was reported with a decrease by 11% as compared to the previous year to a total of USD 7.9 Million. Thus, recording an average price of the total pepper exported by United Kingdom at USD 7,247 per Mt for whole pepper and USD 8,924 per Mt for ground pepper or a decrease by 33% and 14% respectively as compared to 2018.

As of January 2020, United Kingdom was reported to have exported a total of 140 Mt which 73% or 102 Mt of it comprised of whole pepper and 27% or 38 Mt of it ground pepper. Thus, recording an increase of 53% when compared to the same period in 2019. As of January 2020, the total revenue of pepper export by United Kingdom was reported to have reached USD 732,000, recording an increase of 8% as compared to the same period in 2019. The average price of the total pepper exported by United Kingdom as of January 2020 was reported at USD 3,803 per Mt for whole pepper and USD 9,052 per Mt for ground pepper.

Pepper from United Kingdom is mostly traded in European countries. As of January 2020, United Kingdom's top 5 Country of destinations for its pepper were reported to be Netherlands with 80 Mt (an increase of 53 Mt as compared to the same period in 2019), Ireland with 14 Mt (a decrease of 35%), Germany with 11 Mt (a decrease of 45%), United States of America with 7 Mt (an increase of 5 Mt) and France with 5 Mt (an increase of 45%). The decrease of export to Germany was the result of Germany directly imported pepper from producing country such as India (an increase of 22% or 16 Mt as compared to the same period in 2019).