Weekly Publications

WPB Week #19/17, 8 - 12 May 2017

it.assistant@ipcnet.org 17 May 2017 14

The market has again come down during the week. Heavy arrival from this year harvest in Viet Nam coped with limited overseas demand has placed much more pressure on price. This was likely the main reason for the decrease of price. Local price of pepper in HCMC decreased by VND 8,000 per Kg from VND 100,000 last week to 92,000 per Kg this week. For white pepper, it has also decreased to VND 138,000 per Kg from VND 143,000 prevailed in the last week. As largest pepper supplier, market situation in Viet Nam has by and large influenced market direction in other producing countries.

In Lampung, although stock has exhausted and trading was very limited, the price has reportedly decreased further. Similarly in Bangka, the price has also decreased. Pepper harvest in Lampung is expected to begin in July/August. The size is estimated to be significantly lower from last year harvest, due to too many rains during flowering and fruiting season. In Sri Lanka and China, the price also decreased.

EXPORT OF PEPPER FROM VIET NAM:
During 2016 export of pepper from Viet Nam totaled at 178,360 Mt valued at US$ 1.43 billion, registering a significant increase of 33% in quantity and 12% in value as against 133,646 Mt worth US$ 1.28 billion in 2015. In 2017, the export is estimated to increase further, in line with reported production increase anticipated this year. Indication of increased export this year has seen from export performance achieved in the first quarter.

As per the official statistics, export of pepper from Viet Nam during January - March 2017 totalled 51,100 Mt, an increase of 16% from 43,900 Mt in the same period of 2016. In value term, however, a decrease of 12% was recorded. Export in March was 29,000 Mt, recording a substantal increase when compared to exports in the previous months (January and February). The export aslo recorded as the highest of monthly exports achieved so far.

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