Weekly Publications

No. 25/24, 17 - 21 June 2024

it.assistant@ipcnet.org 21 Jun 2024 161

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week showed a mix response as Muslims around the world celebrated Eid al-Adha earlier this week.
Both local and international price for Indian pepper continued to be reported with an increasing trend in the last five (5) weeks.
Event though the Indonesian Rupiah weakened against US Dollar (IDR 16,415 @ 1 USD) or 1% depreciation,
both local and international price for Indonesian pepper continued to be reported with an increasing trend since last week.
Local price for Malaysian pepper continued to be reported with an increasing trend for the last two (2) weeks.
Furthermore, International price for Malaysian pepper also reported with an increasing trend.
After reported with an increasing trend for the last five (5) weeks,
the local price for Sri Lankan pepper reported with a decreasing trend this week.
Only Vietnamese local black pepper reported with a decreasing trend this week.
Whilst, the others reported stable.

After reported with an increasing trend for the last three (3) weeks, Brazilian black pepper reported with a decreasing trend this week.
Furthermore, both Chinese white pepper and Cambodian black pepper continued to be reported stable and unchanged.
Export of Pepper by the United States of America (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 THE USA (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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