PEPPERTRADE SPICES BOARD BLOG #Pepper #Spices: IPC PEPPER MKT REPORT No. 20/21, 10

Friday, May 14, 2021

IPC PEPPER MKT REPORT No. 20/21, 10 - 14 May 2021

LOCAL MARKET REPORT

As the Moslem around the world celebrates the Eid Fitr Mubarak 1442H amid the global pandemic of the Corona Virus, market this week showed mixed response. Malabar black pepper was reported stable, averaging at USD 5,037 per Mt. Indonesia black pepper was reported with an increase of 1% when compared to the previous week, averaging at USD 3,345 per Mt. Whilst, Indonesia white pepper was reported with 1% deficit as opposed to the previous week, averaging at USD 6,021 per Mt. Malaysia black and white peppers were reported with an increase of 1% and 2% respectively when compared to the previous week, averaging at USD 3,333 per Mt for black pepper and USD 5,027 per Mt for white pepper. Furthermore, Viet Nam farm gate price of black and white pepper were reported with 1% and 2% deficit respectively as co mpared to the previous week, averaging at USD 2,651 per Mt for black pepper and USD 4,222 per Mt for white pepper. Sri Lanka black pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 3,330 per Mt. China white pepper was traded at an average of USD 6,000 per Mt locally.

INTERNATIONAL MARKET REPORT

International market also showed a mixed response as India black pepper was reported stable, averaging at USD 5,309 per Mt. Indonesia black pepper was reported with an increase of 1% as compared to the previous week, averaging at USD 3,984 per Mt. Whilst, Indonesia white pepper was reported with 1% deficit when compared to the previous week, averaging at USD 6,946 per Mt. Malaysia black and white peppers were reported with an increase of 2% and 5% respectively as compared to the previous week, averaging at USD 4,800 per Mt for black pepper and USD 6,500 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged. China white pepper was traded at an average of USD 6,200 per Mt.