Weekly Publications

MARKET REPORT - KEY HIGHLIGHTS

	The pepper market this week showed a mix response with India and Cambodia reported with a decrease.
	After reported with an increasing trend for the last four (4) weeks, both local and international price for Indian pepper reported with a decreasing trend this week.
	After reported with an increasing trend for the last two (2) weeks, both local and international price for Indonesian pepper reported stable this week.
	As Malaysian Ringgit strengthened against the US Dollar (MYR 4.71 @ 1 USD) or 1% appreciation, local price for Malaysian pepper reported with an increasing trend this week. Whilst, international price for Malaysian pepper continued to be reported stable and unchanged. Furthermore, Malaysia reported to be harvesting at the moment.
	Even though the Sri Lankan rupee weakened against the US Dollar (LKR 300.61 @ 1 USD) or 1% depreciation, the local price for Sri Lankan pepper reported with an increasing trend this week.
	Both local and international price for Vietnamese pepper price reported with an increasing trend since last week.
	Brazilian black pepper continued to be reported with an increasing trend for the last three (3) weeks. Whilst, Cambodian black pepper reported with a decreasing trend since last week. Furthermore, Chinese white pepper reported stable and unchanged.
	Import of Pepper by Italy (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 ITALY (2022 - 2024)

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

MALAYSIA NATIONAL PEPPER INDUSTRY CONFERENCE 2024

Sunway Putra Hotel Kuala Lumpur, Malaysia was chosen as the venue for the first ever Malaysia National Pepper Industry Conference (MNIPC 2024) on 14 – 15 May 2024. These two days Conference was opened and officiated by Chairman of Malaysian Pepper Board, the Honourable Dato’ Anyi Ngau. In his opening remarks, Dato’ Anyi Ngau welcomed all participants to the first ever Malaysian National Pepper Industry Conference which was organized by the Malaysian Pepper Board (MPB) with collaboration of the Ministry of Plantation Commodities, Malaysia (MPC) and International Pepper Community Secretariat (IPC) to ensure further development of the Malaysian pepper industry. He encouraged participants to use this opportunity i to learn from the invited guest speakers, exhibitors and to further expand their network.

With around 250 total participants, the MNIPC 2024 exhibited more than 10 spices companies from all around Malaysia during the two days conference. The International Pepper Community took part as one of the Exhibitors and showcased samples of pepper products and value-added product as well as the current Global Pepper Outlook. The IPC Secretariat also provided IPC Website’s service on a trial basis to interested visitors.

In the first day of the Conference, the Executive Director of the International Pepper Community Secretariat, Ms. Firna Azura Ekaputri Haji Marzuki presented on Global Pepper Outlook 2023/2024 whereby she elaborated on the current development and statistic of the Global Pepper Industry as well as the work and programme of the International Pepper Community. She also shared the global consolidated crop report 2023/2024 and concluded the presentation with the invitation to all participants to join the 52nd Annual Session and Meetings of the International Pepper Community and the International Spices Exhibition 2024 which brought the theme of Regenerative Pepper Cultivation: Going Beyond Sustainability scheduled on 18 – 21 November 2024 at the Hilton Hotel Colombo, Sri Lanka.

The first day also witnessed the presentation by Mr. Van Vannal the Executive Director of Cambodia Pepper and Spices Federation (CPSF) which elaborated on the Cambodia Pepper Industry: Potential Sourcing Country of Pepper. He elaborated that in recent years most of Cambodian pepper were exported to Viet Nam. He also touched upon the programme of Cambodia Pepper and Spices Federation in which stressed on the importance of helping farmers to be able to directly export to European (consuming) Market.

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)