Weekly Publications

No. 52/23, 25 - 29 December 2023

it.assistant@ipcnet.org 29 Dec 2023 86

MARKET REPORT - KEY HIGHLIGHTS

The pepper market in the last week of 2023 continued to show a mixed responses as the market reopened after the Christmas holiday.
Both local and international price for Indian pepper reported stable this week.
Both local and international prices for Indonesian pepper reported with an increasing trend this week
which partially contributed to the strengthening of the Indonesian Rupiah against the US Dollar (IDR 15,423 @ 1 USD) or 1% appreciation.
As the Malaysian Ringgit strengthened against the US Dollar (MYR 4.62 @ 1 USD) or 1% appreciation,
Malaysian local price reported with an increasing trend this week. Furthermore, the international price for Malaysian pepper remained stable and unchanged.
Even though the Sri Lankan Rupee strengthened against the US Dollar (LKR 324.63 @ 1 USD) or 1% deprecation,
the local price for Sri Lankan pepper reported stable this week.
The local price for Vietnamese pepper reported with a decreasing trend this week. Whilst, the international price reported with an increasing trend.
Pepper prices in US market continued to reported with an increasing trend which contributed to the unstable freight rates.
Export of Pepper by Denmark (2021 - 2023).

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 DENMARK (2021 - 2023)


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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