Weekly Publications

MARKET REPORT - KEY HIGHLIGHTS

	The pepper market this week showed a rather positive outlook with no origins reported with a decrease.
	Both local and international price for Indian pepper reported with an increasing trend for the last three (3) weeks.
	Both local and international price for Indonesian pepper reported with an increasing trend this week as less stock reported in circulation.
	Malaysian local pepper price reported with an increasing since last week. Whilst, international price for Malaysian pepper remained stable and unchanged.
	After reported with a decreasing trend for the last two (2) weeks, the local price for Sri Lankan pepper reported with an increasing trend this week which partially contributed to the strengthening of the Sri Lankan rupee against the US Dollar (LKR 296.87 @ 1 USD) or 1% appreciation.
	Only Vietnamese local white pepper price reported stable this week. Whilst, the others reported with an increasing trend.
	Brazilian black pepper reported with an increasing trend this week. Whilst, Cambodian black pepper continued to be reported stable. Furthermore. Chinese market was closed due to Labor Day public holiday.
	Import of Pepper by Poland (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 POLAND (2022 - 2024)

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

INTERNATIONAL PEPPER COMMUNITY BILATERAL MEETING WITH THE EXECUTIVE SECRETARY OF UNESCAP

On the sidelines of the 80th Session of the Economic and Social Commission for Asia and the Pacific which was organized at the United Nation Conference Center Bangkok, Thailand on 22 – 26 April 2024, the International Pepper Community (IPC) had a bilateral meeting with the Under-Secretary-General of United Nation and the Executive Secretary of the United Nations-Economic and Social Commission for Asia and the Pacific (UNESCAP), Her Excellency Madam Arminda Alisjahbana on 26 April 2024.

The Executive Secretary of UNESCAP was accompanied by the Deputy Executive Secretary for Partnership and Coordination, Mr. Hirohito Toda, the Director of Trade, Investment and Innovation Division, Madam Rupa Chanda and her other staffs. During the bilateral meeting, the Executive Director, Madam Firna Azura Ekaputri Haji Marzuki and officers of the International Pepper Community updated UNESCAP on the work and programmes as well as the future direction of the Community and latest development of the global pepper industry.

The bilateral meeting also discussed the area in which UNESCAP and IPC could collaborate and work together. The Executive Secretary of UNESCAP, Madam Arminda Alisjahbana also encouraged IPC Secretariat to work on getting Brazil back to become the member of IPC as it would secure more than 70% share of global pepper production from all member countries of the IPC. Furthermore, ESCAP and IPC also discussed on future collaboration on trade facilitation and business process analysis for IPC Member Countries for the betterment of the industry.

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)