Weekly Publications

No. 05/24, 29 January - 2 February 2024

it.assistant@ipcnet.org 02 Feb 2024 88

MARKET REPORT - KEY HIGHLIGHTS

The pepper market in the first week of February continued to show a mix response with India and Sri Lanka were reported with a decreasing trend.
Both local and international price for Indian pepper continued to be reported with a decreasing trend since last week.
Both local and international price for Indonesian pepper continued to be reported with a decreasing for the last two (2) weeks.
Furthermore, the East Kalimantan Plantation Service reported to have allocated funds to expand pepper plantations covering an area of ​​50 ha.
Only Malaysian local pepper price reported with an increasing trend this week, Whilst, the others remained stable and unchanged.
Even though the Sri Lankan Rupee strengthened against the US Dollar (LKR 316.60 @ 1 USD) or 1% appreciation,
the local price for Sri Lankan pepper reported with a decreasing trend this week.
Only Vietnamese local black pepper price reported with an increasing this week.
Whilst the others remained stable as the domestic market remained relatively quiet.

Brazilian black pepper, Cambodian black pepper as well as Chinese white pepper reported stable this week.
Export of Pepper by Thailand (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 THAILAND (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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