Weekly Publications

WPB Week #15/16, 11 - 15 April 2016

it.assistant@ipcnet.org 15 Apr 2016 8

Stronger market is reported in India. Pepper price in Kochi increased further from INR 668 per Kg last week to INR 682 per Kg this week. On an average pepper price in India increased by 3% compare to last week.

At other origins the market held fairly steady with very limited activity. Pepper prices in Vietnam, Malaysia and Sri Lanka were reported stable. Marginal increases were recorded for local price in Lampung, Bangka and Hainan.

In Vietnam activity continued light, despite the Pepper harvest has almost competed. Materials are mainly kept by strong hands, expecting better price in future. On the other side buyers still wait and see trying to press the price down. Since production in Indonesia next July is anticipated lower, expecting lower price would be difficult.

IMPORT OF PEPPER BY SINGAPORE:
During nineties Singapore was predominant in pepper trading with a substantial volume of trade of around 44,000mt of import. Indonesia was the main source and has a share of more than 50% of pepper into Singapore. It is interesting to note that pepper trade by Singapore has experienced a substantial decrease to reach 13,000 Mt of import in 2005 and 10,000 Mt in 2010. The decrease was mainly due to importers in consuming countries started sourceing pepper directly from producing countries. In the previous two years Singapore import has shown a significant increase to reach 27,000 Mt in 2014 from 20,250 Mt in 2013, but in 2015 the import again decreased to 20,177 Mt (19,546 Mt of whole pepper and 631 Mt of ground pepper). Vietnam and Indonesia were the main source of whole pepper, supplying 50% and 33% respectively in 2015. Import of ground pepper was mainly from Malaysia. Major share of total pepper imported by Singapore was re-exported. Middle East and the United States were the main destinations for Singapore pepper exports.

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