Weekly Publications

No. 01/24, 1 - 5 January 2024

it.assistant@ipcnet.org 05 Jan 2024 131

MARKET REPORT - KEY HIGHLIGHTS

The pepper market in the first week of 2024 continued to show a mix response.
Both local and international price for Indian pepper reported with an increasing trend this week.
Indonesian black pepper price continued to be reported with an increasing trend since last week.
Whilst, Indonesian white pepper reported with a decreasing trend which partially contributed to the weakening of the Indonesian Rupiah
against the US Dollar (IDR 15,503 @ 1 USD) or 1% depreciation.
Only Malaysian local white pepper price reported with a decreasing trend this week, Whilst, the others reported stable and unchanged.
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 322.24 @ 1 USD) or 1% appreciation.
The local price for Vietnamese black pepper continued to be reported with a decreasing since last week. Whilst, the local price for Vietnamese white pepper reported stable.
Furthermore, the international price for Vietnamese pepper continued to be reported with an increasing trend for the last two (2) weeks.

Brazilian black pepper, Cambodian black pepper as well as Chinese white pepper were reported stable this week.
Furthermore, Cambodian Commerce ministry all set for drafting pepper policy to help increase the market share and to ensure value-added prices
for the pepper production chain in Cambodia.
Import of Pepper by Australia (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

IMPORT OF PEPPER BY AUSTRALIA (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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