Weekly Publications

No. 35/24, 26 - 30 August 2024

it.assistant@ipcnet.org 30 Aug 2024 135

MARKET REPORT - KEY HIGHLIGHTS

The pepper market in the end of August continued to show a mix response.
Both local and international price for Indian pepper reported stable this week.
As the Indonesian Rupiah strengthened against the US Dollar ( IDR 15,449 @ 1 USD) or 1% appreciation,
both local and international prices for Indonesian pepper continued to be reported with an increasing trend since last week as some farmers
in Bangka and Belitung Province have completed their pepper harvest.
Only local price for Malaysian pepper reported with a decreasing trend this week.
Whilst, international price for Malaysian pepper reported stable and unchanged.
After reported stable for the last two (2) weeks, the local price for Sri Lankan pepper reported with a decreasing trend this week.
Only local black pepper prices for Vietnamese pepper reported stable this week.
Whilst, the international price for Vietnamese pepper reported with an increasing trend. According to KTĐT.vn,
some farmers had yet to sell and choose to wait for prices to increase further.

Brazilian black pepper continued to be reported with an increase since last week.
Whilst, Cambodian black pepper remained stable and unchanged.
Furthermore, Chinese white pepper continued to be reported with a decreasing trend this week.
Pepper market in US reported stable for last two (2) weeks which could be contributed
to the local currency exchange strengthening against the US Dollar.
Export of Pepper by Latvia (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

EXPORT OF PEPPER BY LATVIA (2022 - 2024)


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

 

Notes:

  • 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)

Notes:
IPC DOES NOT set the price of pepper; IPC only publishes the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC Secretariat database. The data were obtained from the official reports and correspondence between the IPC and has been processed based on statistical norms that can be accounted for.

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