IPC PEPPER MKT REPORT No. 27/20, 29 June - 3 July 2020

LOCAL MARKET
Market this week showed mixed response. In local market, Malabar black pepper was reported with 2% deficit as compared to the previous week at an average of USD 4,084 per Mt. Indonesia black and white pepper were reported with an increase of 2% and 3% respectively as opposed to the previous week averaging at USD 2,289 per Mt for black pepper and USD 3,260 per Mt for white pepper, despite the weakening of Indonesian Rupiah against US Dollar. Malaysia black and white peppers in local market were reported stable at an average of USD 1,906 per Mt for black pepper and USD 3,269 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as opposed to the previous week averaging at USD 2,072 per Mt whilst Viet Nam white pepper was reported stable and unchanged. Sri Lanka black pepper was reported with 2% deficit when compared to the previous week and was traded at an average of USD 2,600 per Mt. Whilst, China white pepper traded at an average of USD 4,22 5 per Mt locally.

INTERNATIONAL  MARKET
 International market showed a similar trend as the local market. India black pepper was reported with the same 2% deficit as compared to the previous week at an average of USD 4,349 per Mt. Indonesia black and white pepper were reported with an increase of 2% and 3% respectively as compared to the previous week averaging at USD 2,777 per Mt for black pepper and USD 3,860 per Mt for white pepper. Malaysia black and white peppers were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l and 550 g/l were reported with 1% deficit respectively when compared to the previous week averaging at USD 2,380 per Mt and USD 2,461 per Mt respectively. In contrast, Viet Nam white pepper was reported with an increase of 4% as opposed to the previous week averaging at USD 3,900 per Mt. China traded its white pepper at an average of USD 4,425 per Mt internationally. 

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