Weekly Publications

No. 43/23, 23 - 27 October 2023

it.assistant@ipcnet.org 27 Oct 2023 92

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week continued to show a rather negative outlook with no origin reported with an increasing trend.
The Indian pepper price reported stable this week.
As the Indonesian Rupiah weakened against the USD Dollar (IDR 15,911 @ 1 USD) or 1% depreciation,
both local and international price for Indonesian pepper reported with a decreasing trend this week.
Malaysian local pepper price reported with a decreasing trend for the last two (2) weeks which partially contributed to the weakening of Malaysian Ringgit
against the US Dollar (MYR 4.78 @ 1 USD) or 1% depreciation. Whilst, the international price remained stable and unchanged.
Even though the Sri Lankan Rupee weakened against the US Dollar (LKR 326.21 @ 1 USD) or 1% deprecation,
the local price for Sri Lankan pepper continued to be reported stable since last week.
Both local and international price for Vietnamese pepper continued to be reported stable this week
as the Viet Nam domestic market was reported stable.
Export of Pepper by South Korea (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 SOUTH KOREA  (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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