Weekly Publications

WPB Week #51/16, 19-23 December 2016

it.assistant@ipcnet.org 23 Dec 2016 1

The market has slowed down with limited activity in view of long year end holiday mode has come. Prices in India, Vietnam and Sri Lanka decreased; while in Lampung the price of black pepper increased. In Sarawak, local price of black and white pepper also increased, but for FOB price was reported stable. In Bangka, price of white pepper remained stable at the level of IDR 124,000 per Kg. But in dollar terms decreased marginally by 1% due to weakening of local currency against US Dollar. Stable price was also recorded in China.

IMPORT OF PEPPER BY RUSSIA:
During the decade 2004-2013, Russia imported pepper around 9,000 Mt annually, but in the last two years decreased to 7,900 Mt in 2014 and 6,800 Mt in 2015. The decrease was due to significant decrease of pepper imported from main sources of Vietnam, Indonesia and India during the last two years. Extremely high price prevailing during these years and economic situation is likely the main factor influencing the decrease in import. In 2016, import of Russia is estimated to increase following lower price prevailed during the year and higher supply of pepper from Vietnam as indicated by import performance in the first nine months. During January-September 2016, import into Russia increased by 15% from 4,930 Mt in January-September 2015 to 5,645 Mt in January-September 2016. Vietnam supplied more than 70% of pepper into Russia this year.

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