IPC No. 21/24, 20 - 24 May 2024 MARKET REPORT

PRICE BULETIN

KEY HIGHLIGHTS

INDIA
The pepper market this week showed a rather a positive outlook with no origins reported with a decrease as Buddhist around the world celebrate Vesak Day this week.
Both local and international price for Indian pepper reported with an increasing trend this week.

INDONESIA
Both local and international price for Indonesian pepper reported with an increasing trend this week as less stock of white pepper reported in Bangka Province.

MALAYSIA
Only local price for Malaysian pepper continued to be reported with an increasing trend for the last two (2) weeks. Whilst, international price for Malaysian pepper remained stable and unchanged.

SRI LANKA
The local price for Sri Lankan pepper continued to be reported with an increasing trend since last week.
 
VIETNAM
Both local and international price for Vietnamese pepper price continued to be reported with an increasing for the last three (3) weeks. Furthermore, experts attributed the surge in domestic black pepper prices to a combination of supply shortages and increased demand in major markets such as Europe, the US and China as quoted from vietnamnet.vn
 
OTHER
Brazilian black pepper and Cambodian black pepper reported stable this week. Whilst, Chinese white pepper reported with an increasing trend.

IMPORT
US market reported with increase due to the increase of shipping cost as well as limited supply.