Weekly Publications

WPB Week #36/17, 4-8 September 2017

it.assistant@ipcnet.org 08 Sep 2017 13

The market showed a mixed response during the week. In Lampung and Sarawak, the price increased while decreased in India. Stable prices were reported in Viet Nam, Sri Lanka and Bangka.

In Viet Nam, trading activity was limited and price remained stable as last week. This was due to weak overseas demand. In the United States demand was static although spot stock here was reported thin. The market watch on the development of pepper harvest in Brazil, which is now in the upswing trend. Some sources anticipated the output of this year harvest in Brazil would be better. Buyers are expecting to get more competitive price in Brazil.

In Lampung, the market remained quiet since material from recent harvest was very limited. The price has moved up marginally by 2% while in Sarawak, local price of black and white pepper increased by 7%.

From Cambodia it was reported that price of black pepper spiral cleaned was US$ 5,403 and & US$ 5,524 per Mt for 500 g/l and 550 g/l respectively (source: Brazspice Spice Trading).

EXPORT OF PEPPER FROM BRAZIL:
In June 2017 Brazil exported 2,500 Mt of pepper, a significant increase when compared to 1,070 Mt of export in June 2016. Supported by sufficient carry over stock from good harvest last year, export of pepper from Brazil in the first half of the year increased. Up to June 2017 Brazil has exported 21,000 Mt of pepper valued at US$ 125 million as against 16,000 Mt worth US$ 135 million in the same period last year. Major portion of pepper exported by Brazil was shipped to Germany, the United States and Spain. They together absorbed more than 55% of Brazilian pepper. Out of the total export (21,000 Mt) a volume of 200 Mt was ground pepper.

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