Weekly Publications

WPB Week #48/17, 27 Nov - 01 Dec 2017

it.assistant@ipcnet.org 04 Dec 2017 16

The market remained slow, although initial harvest in India has begun. In Kochi the price of Malabar Black decreased due the harvest in Kerala has started. Local price of Malabar black drifted lower from INR 405 per Kg last week to INR 395 this week. In Sri Lanka the price also decreased to LKR 582 per Kg from LKR 631 per Kg in the last week. In Viet Nam local price of black pepper was on an average at the level of VND 75,500 per Kg and VND 117,500 for white pepper. FOB price of Viet Namese black 550 g/l was US$ 4,050 per Mt and for white pepper was US$ 5,750. Prompt shipment for Viet Namese black increased, while for new crop was reported unchanged. In Lampung and Bangka, the prices were relatively stable. A marginal increase of 1% was reported in Sarawak. Trade source reported that spot price in Singapore for Brazilian ASTA was at the level of US$ 3,900 per Mt.

IMPORT OF PEPPER BY SOUTH KOREA:
Import of pepper by South Korea increase year by year. In 2011 South Korea imported 4,300 Mt (4,000 Mt of whole pepper and 300 Mt of ground pepper) increased to 5,500 Mt (5,050 Mt of whole pepper and 450 Mt of ground pepper) in 2016, recording an increase of 28% or 6% per year.

It is expected that import of pepper by South Korea in 2017 will increase further as indicated by import performance in the last ten months as shown in the following table and chart. Viet Nam was the main source of pepper for South Korea, supplying around 80%, followed by Malaysia for whole pepper and India for ground pepper.

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