Weekly Publications

WPB Week #23/17, 5 - 9 June 2017

it.assistant@ipcnet.org 09 Jun 2017 1

The market remained quiet and price at most origin decreased further. Selling pressure in Viet Nam still continued since material from recent good harvest has flooded the market. Limited overseas demand is another factor influencing the prices to continue falling. In Viet Nam the price decreased significantly during the week. In Indonesia, the market price experienced a narrowed gap with Viet Nam. Market is expected to be more active in July/August, after Aidilfitri celebration finishes. Currently Ramadan festival is continuing which would also make the market less dynamics in Malaysia as well.

IMPORT OF PEPPER BY SOUTH KOREA:
In the last few years import of pepper into South Korea increased year by year from 4,300 Mt in 2013 to 5,500 Mt in 2016. Out of total pepper imported by South Korea, around 6-8% was ground pepper. Major share of pepper imported by South Korea was from Viet Nam. Malaysia, India and Indonesia also exported pepper to South Korea.

In 2017, import of South Korea is estimated to increase further. Indication of the increase is shown by the import performance achieved during the first quarter of the year from 1,150 Mt to 1,430 Mt. Anticipation of the increase is also supported by the situation of good harvest realized by Viet Nam this year.

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