The 51st Annual Session and Meetings of the International Pepper Community

 

Online Registration is Now Open -
The 51st Annual Session and Meetings of the International Pepper Community and International Spice Exhibition
(51st IPC ASM ISE)

 Assalammualaikumwarahmatullahiwabarakatuh and Greetings from the IPC Secretariat!

Dear International Pepper Community Family,

The International Pepper Community (IPC) holds regular Session and Meetings yearly which is hosted by the IPC member country on a rotation basis. Each member country is represented by a delegate with plenipotentiary authority to the Session. This year, the 51st Annual Session and Meetings of IPC and International Spice Exhibition (51st IPC ASM ISE) will be hosted by the Government of Malaysia and jointly organized by the Ministry of Plantation and Commodities (MPC), Malaysian Pepper Board (MPB) and IPC at Pullman Hotel Kuching, Sarawak, Malaysia from 6 - 9 November 2023. 

Following the peak of pepper price in 2015/2016, the global pepper production has continuously reported with a steady increasing trend which has caused the scale to greatly tip to one side. On average, in the past 5 years, the global pepper production has exceeded 500 KMT while the excess stock brought over balance for a 5-year calculation (2017 - 2021) averaging around 175 KMT. As result of the global oversupply of pepper, pepper price has fluctuated with a tendency of decreasing and has prolonged the unfavourable low prices of pepper. The imbalance of global pepper supply and demand has put pressure to the economy of the stakeholder of the pepper industry, especially pepper smallholders as they are burdened with a significant high cost of production and relatively low selling prices. In this regard, the need for increasing the global demand of pepper has been of great importance and ought to be seriously taken up by all the stakeholders of the pepper industry by encouraging more pr omotional campaign to increase the consumption of pepper both domestically and internationally as well as penetrating more unconventional consuming market to expand the pepper market. Thus, creating more opportunities for the advancement and sustainability of the global pepper industry.

As such, IPC take upon the theme of "Balancing the Global Pepper Supply and Demand - Alleviating Pressure on Prices" for the 51st Annual Sessions and Meetings of the International Pepper Community. The 51st ASM ISE is expected to be one of the largest ever conferences of the International Pepper Community.

Don't miss out this opportunity and I hope to see you in Kuching, Sarawak soon!

#togetherwearestronger  

REGISTER NOW

 Thank you and kind regards.

Salam hormat,
Firna Azura Ekaputri Hj. Marzuki
Executive Director of IPC

IPC PEPPER REPORT No. 31/20, 27 - 31 July 2020

LOCAL MARKET 

As the Moslem around the world celebrates the Eid Al-Adha Mubarak 1441 H amid the global pandemic of Corona Virus, Market this week showed mixed response with a rather positive outlook as only Viet Nam origin recording a decrease. In local market, Malabar black pepper was reported with an increase of 1% as compared to the previous week at an average of USD 4,122 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 5% respectively as opposed to the previous week averaging at USD 2,193 per Mt for black pepper and USD 3,426 per Mt for white pepper. The increase of Indonesia pepper could be contributed to the increase of demand as well as the strengthening of Indonesian Rupiah against US Dollar (IDR 14,593 @ USD 1), an appreciation by 1% recorded. Malaysia black and white peppers in local market were reported with an increase of 1% respectively when compared to the previous week at an average of USD 2,301 per Mt for black pepper and USD 3,655 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with 3% deficit respectively when compared to the previous week averaging at USD 1,970 per Mt for black pepper and USD 2,745 per Mt for white pepper. Sri Lanka black pepper was reported with a significant increase of 8% as compared to the previous week and was traded at an average of USD 2,858 per Mt. China white pepper was reported stable and unchanged.

INTERNATIONAL  MARKET

International market was reported with a more positive outlook. India black pepper was reported with the same increase of 1% as compared to the previous week at an average of USD 4,390 per Mt. Indonesia black and white pepper were reported with an increase of 7% and 5% respectively as compared to the previous week averaging at USD 2,665 per Mt for black pepper and USD 4,044 per Mt for white pepper. Malaysia black pepper was reported with an increase of 2% when compared to the previous week at an average of USD 3,609 per Mt whilst Malaysia white pepper was reported stable. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper as well as China white pepper continued to be reported stable and unchanged.

US market this week was reported with the increase of price of black as well as white pepper nevertheless buyers held on to source from producing origins. Muntok white pepper for CF August/September was reported at USD 4.600 per Mt.

IPC PEPPER MKT REPORT No. 25/20, 15 - 19 June 2020

19 June 2020

LOCAL MARKET REPORT
Market this week showed mixed response with a rather negative outlook. In local market, Malabar black pepper was reported with 1% deficit as compared to the previous week at an average of USD 4,141 per Mt. Indonesia black pepper was reported with an increase of 2% as opposed to the previous week averaging at USD 2,182 per Mt. The increase of Indonesia pepper could be contributed to the increase of demand while the stocks were limited. In local currency, the price of Indonesia black pepper increased to an average of IDR 31,000 per Kg from IDR 30,000 per Kg in previous week. As this week Indonesia Rupiah depreciated by 1% against US Dollar, Indonesia white pepper was reported with a 1% deficit as compared to the previous week averaging at USD 3,132 per Mt. Malaysia black and white pepper in local market were reported with an increase of 4% and 2% respectively as compared to the previous week at an average of USD 1,834 per Mt for black pepper and USD 3,205 per Mt for white pepper. Furt hermore, Viet Nam black pepper was reported with 3% deficit as opposed to the previous week averaging at USD 2,135 per Mt whilst Viet white pepper was reported with an increase of 1% as compared to the previous week at an average of USD 3,066 per Mt. Sri Lanka black pepper was reported with 1% deficit when compared to the previous week and was traded at an average of USD 2,689 per Mt. China white pepper was reported stable and unchanged.
INTERNATIONAL  MARKET
International market showed a similar trend as the local market. India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,404 per Mt. Indonesia black pepper was reported with an increase of 2% as compared to the previous week averaging at USD 2,657 per Mt whilst Indonesia white pepper was reported with 1% deficit as compared to the previous week at an average of USD 3,721 per Mt. Contrary to the local market, internationally Malaysia black and white pepper were reported with 7% deficit respectively when compared to the previous week averaging at USD 3,350 per Mt for black pepper and USD 4,800 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with 2%, 2% and 1% deficit respectively as opposed to the previous week averaging at USD 2,490 per Mt, USD 2,570 per Mt and USD 3,800 per Mt respectively. China white pepper was reported stable and unchanged.
Trade activity in US market this week was reported slowing down due to instability of origin prices, financial problems and local currencies. Muntok white pepper for CF July/August was reported at USD 4.150 per Mt. 

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VIETNAM - PEPPER MARKET UPDATE 25TH MAY - WEEK 22 - TREND IS UP

Pepper market has continuously increased this month from VND 38,000 in early May to VND 48,500 at the present. Price increase was up to 28% within 25 days and up from the bottom of 35.5% (VND 34,500) within 2 months. A jump in prices is beyond the expectation of almost all pepper producers and exporters not only in Vietnam but also worldwide. The market increased last time mainly due to the following reasons;

- After lock down due to the Covid-19 epidemic, Chinese customers returned to buy both black and white pepper in huge quantities (March and April bought above 20.000 tones and May is around above 10.000 metric tones) . In particular, white pepper is being bought by many and continuously.

- Pepper was low level and is considered to have been at the bottom already (VND 34,500 - 1,510$), so many speculators actively bought huge quantities of stock. This also contributed significantly to the price increase last time.

- Due to the Covid - 19, some countries producing and exporting pepper have been continuously restricted as harvesting, processing, freight forwarding, logistic service. This also makes pepper sometimes suddenly shortage in each different time.

- At low prices and a lot of farmers making losses, many farmers have left and do not continue to take care of pepper as the previous time, besides the weather in the pepper areas is drought. Therefore, pepper production in 2021 is maybe less than the 2020 crop.

- Many exporters sold short for long time shipments who have not covered raw material yet. They have to buy to ensure time of shipment.

- Some big oversea customers have not yet purchased enough quantity for orders in the 3rd & 4th quarters, so they continue to participate in the market in the coming month.

- At present, the situation in Vietnam is controlling Covid 19 quite well. Transportation service, logistics smoothly and quickly. Therefore the oversea demand for spice products in Vietnam is gradually increasing.

- Although the inventories of Vietnam pepper are still quite large, however, we assess that the pressure of circulation of these inventories is very low due to being scattered from farmers, middlemen, exporters ... They are not in a hurry to sell or be ready to freeze inventory if the market price decreases.

- Even at this level many farmers/collectors still think attractive and they have been buying more quantity to stockpiling from last week until now.

- Currently, it is almost the only Vietnam can supply a large quantity to the market while Indonesia and Brazil are offering very limited and not possible prompt shipment. Therefore, the demand for Vietnamese pepper is expected to continue to increase until next July at least (Indonesia harvests in July, Brazil harvests the second crop in August 2020).

- Contrary to many other pepper exporting countries, Vietnam's currency has been consistently stronger than the USD with a 1% over the past week, that makes pepper prices also up.
In my opinion, pepper prices will continue uptrend until the end of June/July. There will be some short-term corrections in July/August.


##черный_перец #специи #μπαχαρικά #μαύρο πιπέρι #توابل #فلفل اسود #मसाले #काली मिर्च #Gewürze #schwarzer Pfeffer #နံ့သာမျိုး #ငရုတ်ကောင်း #baharat #karabiber #vietnampepper #مصالحے #

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IPC PEPPER MARKET REPORT No. 18/20, 27 April - 1 May 2020

LOCAL MARKETS

Market this week showed a rather positive outlook as only India origin was reported with a decrease. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week averaging at USD 4,121 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as opposed to the previous week, averaging at USD 1,622 per Mt for black pepper and USD 2,823 per Mt for white pepper. The slight increase of Indonesia pepper could be contributed to the strengthening of Indonesian Rupiah against US Dollar (IDR 15,413 @ USD 1). Malaysia's black and white peppers were also reported with an increase of 1% respectively when compared to the previous week with an average of USD 1,701 per Mt for black pepper and USD 3,052 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as compared to the previous week at an average of USD 1,649 per Mt whilst Viet Nam white pepper was reported stable and unchanged. Sri Lanka black pepper was reported with an increase of 3% as compared to the previous week and was traded at an average of USD 2,680 per Mt. China white pepper was reported stable and unchanged.

INTERNATIONAL MARKET

International market also showed a rather positive outlook as only India origin was reported with a decrease. India black pepper was reported with the same 1% deficit when compared to the previous week at an average of USD 4,385 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as compared to the previous week averaging at USD 2,005 per Mt for black pepper and USD 3,358 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable and unchanged. China white pepper was reported steady and also unchanged.
Trade activity in US market this week was reported with moving slow due to the pandemic of corona virus with a wishful prospect the next month business will recommence though grinder/trading house stock limited. 

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IPC MARKET REVIEW - February 2020

PRICE HISTORY

As the outbreak of Corona Virus continued affecting around 109 countries all over the world with a death toll reaching 3,831 cases (as of 09 March), pepper price index for the 2th month of 2020 was reported with a negative outlook. The price index of black pepper for February was reported with a major decrease of 11.4% as compared with the previous month at 30.30 point (Table 1). In addition, when compared with February 2019, the price index of black pepper experienced 7% loss. Following the same trend, the price index of white pepper for February 2020 was also reported with a significant decrease as it recorded a 6.9% decrease as compared with previous month at 32.36 point. In comparison with the same period in 2019, the price index of white pepper experienced a more significant decrease by 13%.


In the 2th month of 2020, the composite price for both black and white pepper was reported with a negative outlook. Composite price of black pepper in February was reported at USD 2,254 per Mt, recording USD 290 per Mt loss as compared with January. Aligned with composite price of black pepper, composite price of white pepper was also reported with a rather significant loss as it dropped to USD 3,349 per Mt. Thus, recording USD 249 per Mt loss as compared with the previous month.


Pepper prices in the 2nd month of 2020, showed a negative outlook with Viet Nam origin recorded the highest decrease as opposed to the previous month. The farm gate price of black pepper in India was reported with a decrease by 3% as opposed to January, averaging at USD 4,390 per Mt (Table 3). In the local currency farm gate price of India black pepper was traded at an average of INR 313 per Kg. The decrease of India black pepper price could be contributed to the harvest season currently in full swing as well as the depreciation of Indian Rupee against US Dollar.

The price of black pepper in Indonesia (Lampung black pepper) was reported with a decrease by 3% as opposed to the previous month, averaging at of USD 1,742 per Mt. The decrease of Indonesia black pepper could be contributed to the sluggish demand and the weakening of Indonesia's local currency against the US Dollar (IDR 13,776 for USD 1). In local currency, the price of Indonesia black pepper decreased to an average of IDR 24,000 per Kg from IDR 24,614 per Kg

In February 2020, the farm gate price of Malaysia's black pepper was reported with a decrease by 4% as compared to the previous month, averaging at USD 1,800 per Mt. The decrease of Malaysia black pepper could be contributed to the decrease of pepper price in local currency and the weakening of Malaysia's local currency against the US Dollar (MYR 4.16 for USD 1) or a depreciation by 2% when compared with the January. In local currency, the price of Malaysia black pepper decreased to an average of MYR 7,490 per Kg from MYR 7,621 per Kg.

Furthermore, farm gate price of black pepper in Viet Nam was reported to have decreased by 6% as opposed to January averaging at USD 1,613 per Mt. The decrease of Viet Nam black pepper price could be contributed to the harvest season currently in full swing. In local currency, the price of Viet Nam black pepper decreased to an average of VND 38,500 per Kg from VND 40,875 per Kg.

Sri Lanka black pepper was reported with a staggering 11% deficit as opposed to January and was reported at an average of USD 2,931 per Mt. The decrease of Sri Lanka black pepper could be contributed to sufficient stock following end of harvest in January. In local currency, the price of Sri Lanka black pepper decreased to an average of LKR 531.92 per Kg from LKR 586.72 per Kg.

BLACK PEPPER
FOB price of black pepper for February 2020 also showed a negative outlook with only Malaysia origin was reported stable. India was reported with the same 3% decrease when compared to the January, averaging at USD 4,670 per Mt (Table 4). Furthermore, the FOB price of black pepper in Indonesia was also reported with a decrease by 2% as opposed to January, averaging at USD 2,161 per Mt. FOB price of Malaysian black pepper was reported stable at an average of USD 3,685 per Mt. Furthermore, FOB price of Viet Nam black pepper 500 g/l and 550 g/l were reported with a significant decrease by 16% and 14% respectively as compared to the previous month at an average of USD 1,964 per Mt and USD 2,060 per Mt respectively.

WHITE PEPPER
Farm gate prices of white pepper in February 2020 also showed a negative outlook (Table 5) as only Indonesia origin was reported stable. Indonesia Muntok white pepper was reported stable at average of USD 3,122 per Mt. In local currency, the price of Muntok white pepper was reported at an average of IDR 43,000 per Kg. Farm gate price of Malaysia white pepper was reported with a decrease by 3% as opposed to January at an average of USD 3,211 per Mt. Furthermore, Viet Nam white pepper was reported with a significant decrease by 8% when compare to the previous month, averaging at USD 2,409 per Mt. China market continued to be reported inactive in February as no business took place due to the outbreak of Corona Virus.


FOB price of white pepper showed a rather stable outlook with only Viet Nam origin was reported with a decrease. FOB price of Indonesia white pepper for February 2020 was reported stable, averaging at USD 3,716 per Mt. Furthermore, FOB price of Malaysia white pepper continued to be reported stable and unchanged. Whilst, FOB price of Viet Nam white pepper was reported with a significant dropped of 12% at an average of USD 3,069 per Mt .

 

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IPC SPECIAL ISSUE ON CLOVES - FEBRUARY, 2020 -FINAL

PART 2 - FINAL

#CLOVES #INDONESIA EXPORT FIGURES, PRICES


As the top producers of cloves in the world, Indonesia actively exports cloves to various countries. In 2017, Indonesia was reported to have exported a total of 9,089 Mt of cloves from which 95% or 8,675 Mt of it comprised of whole cloves and 5% or 414 Mt of it ground cloves. Indonesia on average exported a total of 757 Mt per month which peaked in February with 1,484 Mt. The total revenue of Indonesia’s export of cloves in 2017 was reported to be as high as USD 28.9 Million. Thus, recording an average price of the total cloves exported by Indonesia at USD 3,104 per Mt for whole cloves and USD 4,823 per Mt for ground cloves.
Year 2018 saw an increase in term of quantity of cloves exported by Indonesia. Indonesia was reported to have exported a total of 20,246 Mt of which 95% or 19,183 Mt of it comprised of whole cloves and 5% or 1,063 Mt of it ground cloves, recording a total increase of 123% when compared with 2017. The average export of cloves by Indonesia in 2018 was reported to be at 1,687 Mt per month which peaked in November with 5,132 Mt. In accordance with increasing in terms of quantity, Indonesia’s revenue from cloves export was reported to have increased by 252% to a total of USD 101.7 Million as compared to the previous year. Thus, recording an average price of the total cloves exported by Indonesia at USD 4,995 per Mt for whole cloves and USD 5,581 per Mt for ground cloves or an increase of 61% and 16% respectively as compared with 2017.

In 2019, Indonesia was reported to have exported a total of 25,990 Mt of which 96% or 24,971 Mt of it comprised of whole cloves and 4% or 1,019 Mt of it ground cloves. Thus, recording a total increase of 28% when compared to 2018. By the end of 2019, the total revenue of cloves export by Indonesia was reported to have reached USD 111.5 Million, recording an increase of 10% as compared to 2018. The average price of the total cloves exported by Indonesia in 2019 was reported at USD 4,289 per Mt for whole cloves and 4,346 per Mt for ground clovesor a decrease by 14% and 22% respectively as compared with 2018.

Furthermore, in the past three years export of cloves and pepper by Indonesia had been reported with an increase. Although Indonesia is the world largest cloves producer in the world, export quantity and value of cloves from Indonesia was reported to be inferior to pepper export. The total quantity of cloves export in the past three years was reported at 55,326 Mt whilst the total quantity of pepper export was reported with 142,082 Mt. Thus, recording the annual ratio quantity of Indonesia export between cloves and pepper during 2017-2019 at 1:5, 1:2 and 1:2 respectively. The total value of cloves export in the past three years was reported as high as USD 242.2 Million whilst the total value of pepper export was reported as high as USD 535.7 Million. Thus, recording the annual ratio value of Indonesia export between cloves and pepper during 2017-2019 at 1:8, 1:1 and 1:1 per year respectively

During 2017-2019, the average export price of cloves for both whole and ground by Indonesia had fluctuated (Table 8). In 2017, the average export prices of cloves by Indonesia was recorded at USD 3,263 per Mt for whole cloves and USD 6,780 per Mt for ground cloves. The highest average export price of cloves from Indonesia in 2017 was recorded in September with USD 5,439 per Mt for whole cloves and in November with USD 15,452 per Mt for ground cloves whilst the lowest average export price was recorded in June with USD 1,635 per Mt for whole cloves and in March with only USD 922 per Mt for ground cloves.

Year 2018, saw an increase in the average export price for both whole and ground cloves by Indonesia, the average export prices of whole cloves by Indonesia was reported at USD 5,062 per Mt for whole cloves and USD 9,008 per Mt for ground cloves. Thus, recording an increase of 55% and 33% respectively when compared to 2017. The highest average export price of cloves from Indonesia in 2018 was recorded in February with USD 6,256 per Mt for whole cloves and USD 28,845 per Mt for ground cloves which also occurred in the same month. Whilst, the lowest average export price was recorded in May with USD 3,506 per Mt for whole cloves and in April with USD 2,080 per Mt for ground cloves.

Contrary with 2018, the average export prices of cloves by Indonesia in 2019 saw a decreasing trend. The average export prices of whole cloves by Indonesia was reported at USD 4,333 per Mt for whole cloves and USD 4,526 per Mt for ground cloves.Thus, recording a decrease by 14% and 50% respectively when compared to 2018. The highest average export price of cloves by Indonesia in 2019 was recorded in June with USD 5,248 per Mt for whole cloves and in December with USD 10,714 per Mt for ground cloves. Whilst, the lowest average export price of cloves was recorded in December with USD 3,538 per Mt for whole cloves and in November with only USD 975 per Mt for ground cloves

Cloves export by Indonesia was reported to be shipped through ports and airports all over the Indonesia such as Java, Sumatera, Sulawesi and Bali (Table 9). Based on the port of origin, the top five origins for cloves export by Indonesia in 2019 were reported to be Port of Tanjung Perak, Surabaya with 23,108 Mt (contributed to 89% of the total export from Indonesia), Port of Tanjung Priok, Jakarta with 1,204 Mt (5%), Port of Tanjung Emas, Semarang with 985 Mt (4%), Port of Belawan, Medan with 304 Mt (1%) and Port of Panjang, Lampung with 232 Mt (1%). Furthermore, cloves export from Indonesia was also reported to be flown through airport such as Juanda (Surabaya), Ngurah Rai (Bali), Soekarno-Hatta (Jakarta) and Kuala Namu (Medan) though its quantity was insignificant when compared to quantity of cloves export through the ports.

Cloves from Indonesia are globally traded in Asia, America, Africa and European Countries (Table 10). In 2019, Indonesia’s top 5 Country of destinations for its cloves were reported to be India with 9,638 Mt (an increase of 115% as compared with 2018), Viet Nam with 2,158 Mt (a decrease of 59%), Saudi Arabia with 2,100 Mt (an increase of 17%), United Arab Emirates with 1,820 Mt (an increase of 125%) and Pakistan with 1,559 Mt (an increase of 2%). In terms of value, Indonesia’s top 5 contributors for its cloves export revenue were reported to be India with USD 34.8 Million, Saudi Arabia with 12.3 Million,United Arab Emirates with 8.6 Million, Singapore with USD 8.2 Million and Pakistan with 7.0 Million

Farm gate price of cloves in Indonesia in the first quarter of 2019 fluctuated with a rather negatively outlook (Table 12). During that period, in several regency of cloves producer, clove farm gate price was reported to have recorded the highest price with IDR 100,000 per Kg (USD 7.0 per Kg) in January and February at Bima Regency and in January at Cianjur Regency, whilst the lowest price occurred in February at Ende Regency with only IDR 79,000 per Kg (USD 5.6 per Kg). Furthermore, the average farm gate price of cloves in most regions in Indonesia during January-April 2019 was recorded at IDR 85,139 per Kg (USD 6.02 per Kg).

This report was elaborated under the supervision of International Pepper Community and information provided by the sources below:
- International Trade Centre (ITC) - Geneva
- Food and Agricultural Organization (FAO)
- Agricultural Commodity Export-Import Database, Ministry of Agriculture of the Republic of Indonesia
- Agricultural Commodity Price Information, Ministry of Agriculture of the Republic of Indonesia
- Directorate General of Estate Crops, Ministry of Agriculture of the Republic of Indonesia

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