BLACK CARDAMOM X GREEN CARDAMOM

 

The Differences between Cardamom Varieties

Cardamom is the third most expensive spice in the world, after saffron and vanilla. You can find two main varieties of cardamom that are grown in different parts of the world. Cardamoms are one of the most commonly used spices in Indian cooking,
It's all over India - in our masala chai and garam masala, and most Indian desserts. They are also used in many other cuisines like Middle Eastern, Moroccan, and Scandinavian.

Green cardamom is grown in India, Guatemala, and Sri Lanka. This variety has a sweet taste with a hint of lemon flavor.

Black cardamom often goes by the name brown cardamom or large-sized cardamom. It's a type of cardamom that originates in Eastern Nepal, Sikkim, and Darjeeling district in India. This variety has a a wonderful scent of smokiness and camphor.

What is a Cardamom Pod And How Does it Taste?

A cardamom pod is a spice that is obtained from the cardamom plant and it has a very distinct taste. It is used in many different cuisines and dishes around the world. The pods are picked when they are still green and then dried to make them brown.

The pods can be used whole or ground up for various purposes such as flavoring curries, gingerbread, coffee, tea, cakes, cookies etc. Cardamom pods can also be used to make tea by boiling water with the pods in it.

Processing

While the green cardamom comes from the species Elettaria cardamomum. 

The black cardamom belongs to the species Amomum subulatum. 

The main difference between these two cardamom varieties is the way they are processed. 

When it comes to green cardamom, the pods are harvested before maturity. 

The pods of black cardamom are harvested much later and are also dried over large fires.

Green cardamom is grown in India, Guatemala, and Sri Lanka. This variety has a sweet taste with a hint of lemon flavor. 

Black cardamom often goes by the name brown cardamom or large-sized cardamom. 

It's a type of cardamom that originates in Eastern Nepal, Sikkim, and Darjeeling district in India..

INDIA:Subdued buying dampens festive spirit in cardamom trade

 



Kochi September 22, 2020

Restrictions on weddings and public events, dwindling demand in the north Indian markets, stagnant export markets hit traders

Despite the ensuing festival season, subdued buying of cardamom from upcountry markets has pushed the trading community in a precarious situation.
“What is happening now is only minimal trade with some specific orders which is not enough to tide over the crisis triggered by the pandemic,” sources in the sector told BusinessLine. The high labour cost and shortage of migrant labour from Theni due to Covid-19 restrictions has forced growers in Idukki to depend on labour that’s available in Kerala, which has increased costs by around 30 per cent, the sources said.

“September and October are considered a good time for a demand boost for cardamom from North Indian consuming markets. But the spread of Covid-19 has hit consumption due to restrictions on weddings, events, etc. Traders are in a dilemma on the dwindling demand, coupled with a stagnant export market due to the pesticide issue in Saudi Arabia,” PC Punnoose, CEO, CPMCS Ltd, said.
The labour shortage is affecting the harvest in Idukki, where 90 per cent of the country’s cardamom is grown. The delay is impacting the quality of capsules which now looks pale yellow in colour instead of flush green. Moreover, movement restrictions on labour affected the upkeep of plantations, as 40 per cent of cardamom plantations in Idukki are owned by farmers from the neighbouring state, he said.

As cardamom plantations are labour intensive, C Sadasivasubramaniam, Secretary, Kerala Cardamom Growers Association, urged the district administration to permit workers to travel from the borders to Idukki. The major threat to plants is the Azhukal disease that requires anti-fungal treatment. “When Kerala government permits free movement of workers through other district borders, why is the district administration in Idukki so adamant in denying such benefits here?” he asked.
“Cardamom capsules has to be plucked at 40-day intervals and any delay can lead to quality reduction, breaking of capsules and less setting for future rounds,” SB Prabhakar, cardamom planter, Pambadampara Estate, said.

The reduced demand in north Indian markets is contributing to a fall in prices; it dropped to ₹1,460 per kg, half of the previous year’s average. Copious amounts of rains in September in growing areas added to the bearish sentiment, he added.

Guatemala is expecting a good crop this season due to ideal weather and the prices are hovering at around $17. As prices in India have come down, the sector could export more to the Gulf nations, including Saudi, after resolving the pending issues, he said.
The auctioneers pointed out that the market is witnessing selling pressure as farmers are liquidating their stocks at auctions fearing a further price drop.

V Sajeev Kuma for:
www.thehindubusinessline.com

GLOBAL PEPPER PRICES ON AN UPWARD TREND

 
Kochi  August 12, 2020

Pepper prices have started moving up globally, thanks to increased buying activities in the international markets.

Sri Lankan pepper prices was up by $400 per tonne, touching $3300-3500, while the rates of Vietnam, Indonesia and Brazil are also reporting an increase of $300-400 per tonne. Overall, there is a surge in procurement globally, said Kishore Shamji of Kishor Spices.
The Indian domestic market is also reported to be active in view of the ensuing festival demand. All sections of the trade are in a mood to cover their requirements as they are not expecting any downward price trend in the near future, he said.

The Kochi market was up by ₹1 per kg at Rs315 per kg for ungarbled on Wednesday and the farming community appears to be holding the crop, anticipating a further rise in prices, Shamji said. This is evident from the arrivals in the market, which was only at seven tonnes. The prices of Karnataka pepper are reported to be higher than Kerala due to good demand for bolder berries.

Moreover, heavy rains and landslides in the high ranges has hampered truck movement, bringing pepper to the market. Since the market is witnessing a good demand, he said the prices are expected to go up.

IPSTA Black pepper rates.
MG1 – ₹335 ; UNG-₹315 ; 500 G/L – ₹305 ; Arrival/Off-take – 7 tonnes

* Today:
1 USD = 74.8315 INR


V.Sajeev Kumar  for
Thehindubusinessline.com

 

 

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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.

PEPPER INDIA - IMPORT FEARS GRIP KOCHI´S PEPPER MKT

Kochi  July 03, 2020

Pepper prices declined by R2 per kg, with an average price realisation of R314 per kg, in Kochi on Tuesday 
Fear of pepper imports seem to have gripped the spot market in Kochi with the prices registering a R1/kg drop on Friday.

According to Kishore Shamji of Kishor Spices, there was pressure on local dealers to sell as there were more sellers in the market with imported pepper. The emerging situation has also forced Karnataka planters to liquidate their stock on the fear of imports even at MIP of R500 per kg, he said.

He pointed out that such a situation arose inspite of the government imposing minimum import price restrictions and the Customs Department being given powers in the last Budget to look into the price factor even for imports from bilateral countries.

The farming community fears that their existence will be at stake if such imports continue, he said. They requested the Prime Minister, Finance and Commerce Ministers to look into the matter seriously for the various representations submitted in this regard.

IPSTA Cochin Black pepper rate (R/kg): MG1: 326, ungarbled: 306; 500 G/L: 296 at an off-take of 26 tonnes.


Published on July 03, 2020


V Sajeev Kumar for
www.thehindubusinessline.com/markets/commodities

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Moisture content drags down pepper prices in Kochi

---

June 29, 2020
Pepper prices were down by ₹2 per kg in Kochi on Monday following the availability of higher moisture content pepper due to the present climatic conditions. The prices were at ₹310/kg on an off-take of 30 tonnes.
Kishore Shamji of Kishor Spices said that there are more sellers from Wayanad and Coorg for lower bulk density pepper, which, in turn, is influencing Idukki dealers as well to reduce the price. The domestic demand continues to be steady except from cities of Chennai, Mumbai, Delhi, Ahmedabad where the demand has slowed down.
According to him, the pressure from Sri Lankan exporters for dumping their produce in India overcoming the MIP restrictions fixed by the Government is still continuing. The absence of required action from authorities have forced more importers to go ahead with such shipments, violating the rules.
IPSTA Kochi black pepper rates (₹/kg): MG1-330; ungarbled-310; 500 G/L-300.

 


V Sajeev Kumar for
thehindubusinessline.com 

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EXPORT OF GREEN PEPPER BY INDIA

Green pepper is made from the fully developed but immature berries. They are preserved in brine, vinegar or citric acid and may be dried or kept in the preservative. Europeans are fascinated by the natural green color and fresh flavor of green pepper.
Green pepper is one of India's value-added pepper products. In the past three years, India exported quite significant amount of green pepper to various country in the world. In 2018, India was reported to have exported a total of 674,224 Kg of green pepper. The average export of green pepper by India in 2018 was reported to be 56,185 Kg per month which peaked in February with 119,655 Kg. The total revenue of India's export of green pepper in 2018 was reported to be as high as USD 7.7 Million. Thus, recording an average price of the total green pepper exported by India at USD 11 per Kg. The highest export price of green pepper from India in 2018 occurred in May, June and November with USD 13 per Kg respectively whilst the lowest price was reported in October with USD 8 per Kg.
Year 2019 saw a decrease in term of quantity of green pepper exported by India. India was reported to have exported a total of 624,187 Kg, recording a decrease by 7% when compared with 2018. The average export of green pepper by India in 2019 was reported to be 52,016 Kg per month which peaked in March with 148,773 Kg. In accordance with decreasing in terms of quantity, India's revenue from green pepper export was reported to have declined by 21% as compared to the previous year to a total of USD 6.1 Million. Thus, recording an average price of the total green pepper exported by India at USD 10 per Kg or a decrease by 13% as compared with 2018. The highest export price of green pepper by India in 2019 was reported in September with USD 12 per Kg whilst the lowest price was reported in December with USD 7 per Kg.
As of February 2020, India was reported to have exported a total of 203,420 Kg of green pepper. Thus, recording an increase of 15% when compared to the same period in 2019. As of February 2020, the total revenue of green pepper export by India was reported to have reached a total of USD 1.8 Million, recording an increase of 4% as compared to the same period in 2019. The average price of the total green pepper exported by India as of February 2020 was reported at USD 9 per Kg, recording a decrease of 9% as compared to the same period in 2019.
Green pepper from India is mostly traded in European Countries. As of February 2020, India's top 5 Country of destinations for its green pepper were reported to be Germany with 76,510 Kg (a decrease of 11% as compared with the same period in 2019), Netherland with 36,000 Kg (an increase of 50%), France with 16,590 Kg (an increase of 11,595 Kg), Belgium with 15,590 Kg (an increase of 42%) and Poland with 13,200 Kg (n.a 2019). 

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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 15TH JUNE - WEEK 25

Pepper market week 24 was down in value of about 2.7% due to a collectors in Daksong (main pepper area) which has lost liquidity and unable to pay deeply in debts.

This cause to a lots of farmers/middlemans in a panic and forced to close the consignment of goods at other collectors warehouse to recover cash to avoid the risk of consignment, causing the price to drop quickly by 2.5% in 1-2 days (the material from 55,000 VND has dropped sharply about VND 53,500 as of today).

After the shock reduction, the market seems to have regained its balance and the upward trend/stable continues to be clearly shown by the increasing demand from oversea importers during the past week. Despite difficulties due to Covid - 19, the new price level has been firmly established because good demand from the EU/ASIA market.

Through a quick survey in raw material area, we would like to briefly outline the situation as follows;

-  Vietnam's inventory is still large. However, the current inventory is scattered from many different person such as;

+ Farmer households (estimated to hold 15-20% of inventory). We assess this stock has no selling pressure as it is concentrated among the wealthiest households. Farmers can stockpiling if prices go down. Its as frozen stock already.

+ Top 10 big exporters keeping around 25,000 tons. Other exporters around 10.000 tons more. Total exporters keeping 30,000 - 35,000 tons (We do not know how much quantity has been sold)

+ Four large domestic agents are holding about 20,000 tons at least.

+ Total exported within fitst 5 months 2020 reach 148.000 tons.

Therefore, regardless of the number of pepper crop production in Vietnam 2020, currently total quantity offering for export is not much available in the last 6 months of 2020.

- Its not much difference in the situation of the new crop 2021 such as drought or heavy rain, and there are also favorable weather areas and disadvantages… However, the main point is many farmers neglect and do not take care of pepper plantation as before because the current price is not attractive enough to take care and maintain. This may be the most important reason for a decrease in production in the coming seasons 2021.

We will have more surveys situation in August & another in October. We hope to give more useful and accurate information in the crop year 2020/2021.

Other information for reference;

- Brazil Currency fluctuations are very erratic with large amplitudes. Currently, inventory available for sale was negligible. Almost had to wait for a new crop at Para at the end of August/September.

- Indonesia It is forecasted that the crop size less by 20% and will be harvested by the end of July. Few boxes maybe available for August shipment for testing market.

- India Reopening again after long time lockdown due to Covid 19. India's market demand continues to increase compared to previous months.

- China Continued to participate in the market, but was less than in June due to the complicated situation of Covid-19. However, we expect more demand will coming in the next 1-2 weeks.

- America continued to participate in the market with orders delivered in the second half of 2020.

- Asia/EU We expect increase from the EU when other origin do not have big quantity for immediate shipment.

- Vietnam currency stronger than USD is foreseen.

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Corona takes the sheen out of cardamom growers

Thiruvananthapuram, April 22 (IANS)

Kerala which leads the country with a giant share of 89 per cent of the total production of cardamom, is finding its growers in a difficult situation. The cardamom growers are reeling as COVID-19 has hit them very hard.
The growers sell their produce by participating in the auction, held at Bodinayakkanur in the Theni district of Tamil Nadu, which lies close to the Thekkady tourist location in the Idukki district in Kerala.
In Kerala, Idukki is the home of cardamom growers who own large and small holdings and the total area under cardamom cultivation is around 38,000 hectares.
Though there is an auction centre at Vandanmeddu in Idukki district, the auction centre in Bodinayakkanur is the single most popular centre, as far as the cardamom auction is concerned.
Speaking to IANS, Sunny Mathew, executive member of the Cardamom Growers Association said things are bleak and getting bad.
"Ours is a product which fetches the highest price when the colour of the cardamom is best and fresh. Any delay in getting the product out of our farms spells danger. Sadly it''s been a month now as the premier auction centre is closed. We have never ever had such a long delay and it comes at a time when the prices were looking bright," said Mathew, a grower and also an exporter.
Cardamom from Kerala farms is auctioned and it goes to north India and for exports.
The peak market for this high quality and popular spice, used for baking and cooking purpose across the globe, begins when the yield is taken from September and tapers in January.
"This time the production has come down from 28,000 tones, last year to around 18,000 tones. When production comes down, the price rises and in January this year a kilogram of cardamom touched Rs 3,000 and when the lockdown began it was around Rs 2,300," said Mathew.
With Bodinayakkanur now declared as a hotspot for Covid-19, things are going to be bad and it would prevent auctioneers and their agents to arrive there.
"We want the government to come to our support. The Spices Board should take our products and based on our cost of production, they should lift our stock. If it does not happen, then the production would be seriously affected this year, as we do not have funds to invest. Also liberal moratoriums with regards to interest waiver and repayment also should be there," said Mathew.
--IANS
sg/dpb

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#CARDAMOM - Lockdown takes a toll on cardamom

Shipments to Gulf countries in limbo

V Sajeev Kumar  - Kochi April 16, 2020

 Growers saddled with unsold stocks as Ramadan export potential goes awry

The Covid-19 pandemic has cast a shadow over India’s cardamom export prospects, particularly to Gulf countries during the holy Ramadan month, which begins on April 21 and runs up to May 20.

Exporters say Indian cardamom -- especially the 7 to 8 mm capsules -- was dominating in the Gulf markets because of its quality and price competitiveness vis-a-vis the Guatemalan variety. With the Gulf markets in the grip of the pandemic, cardamom exports from India have come to a standstill.
However, a Kochi-based exporter said his company is pinning hopes on the revival of exports to Saudi Arabia, which was suspended following issues connected with pesticide residue levels. The kingdom is reported to have taken positive steps in modifying the MRL levels, as Indian cardamom is a major ingredient in qahwa, a traditional coffee drink of the region.
Missed chance

It may be recalled that the issues connected with pesticide residue limits imposed by Saudi had impacted the prospects of Indian cardamom. Exports of the spice in 2019-20 was around 500 tonnes valued at ?150 crore compared to 2,000 tonnes in the previous year.

M Dhanavanthan, an exporter based in Bodinayakanur in Tamil Nadu, told BusinessLine that exporters have missed a business opportunity in the Ramadan period and the situation has made it even more difficult to clear the stocks. Most of the stocks are lying with farmers and traders. Only if the stocks are cleared, planters can invest in new crop, for which the first picking season begins by the end of May or early June.

Though the export market is likely to open up by August-September, there could be more stringent measures in the post-Covid days, he added.

The auctioneers in Vandanmedu said the stoppage of auctions since mid-March has caused accumulation of stock, leading to cash crunch to growers. It is estimated that around 800 tonnes of cardamom valued at ?200 crore could not be disposed of due to the suspension of auctions.

Bodinayakanur in Theni district, which is the primary trade centre for cardamom, is also a hotspot for the coronavirus. This has hindered the movement of cargo and traders. With the auctions suspended, there is confusion over pricing among farmers.

https://www.thehindubusinessline.com/markets/commodities/

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# CARDAMOM INDIA - Kerala With no auction, cardamom piles up

IDUKKI, April 03, 2020 23:23 IS

 

Sector faces uncertainty as crop prices are decided at auctions

The cardamom sector is facing a deadlock in the absence of auctions, with the main buyers in Mumbai abstaining from taking new orders for nearly a month. The produce is held up with farmers and small-scale traders, K.S. Mathew, director, Vandanmedu Green Gold Cardamom Producer Co. Ltd., told The Hindu on Friday.

There are 12 auctioneers at the Spices Park at Puttady under the Spices Board of India. As per the licensing agreement, the auctioneer has to pay the farmer the price of cardamom within 10 days of the auction. The traders and industrial units that purchase the produce have to pay the auctioneer the price within 21 days. The mechanism was going on unhindered with the daily auctions, he said.

Cardamom’s price is decided at the auctions, without which there is total uncertainty. The price would be known only when the auctions restart, Mr. Mathew said.

Last price

It is estimated that the traders have to pay the auctioneers more than ₹200 crore for the last two to four consignments in the auctions. When the auctions were stopped following the COVID-19 scare the price was at ₹3,500 per kg.

Marketing sources said prices could dip as the next crop, predicted to be a bumper one, is set to arrive in the market by June/July, and a major quantity produced in the last season has remained unsold. Moreover, the crop’s export prospects will depend on the stance of Saudi Arabia, the main buyer, sources said.

No buyers

The last harvesting season witnessed the highest ever prices quoted in the auctions, reaching up to ₹9,000 per kg.

The absence of trading has affected not only the plantations but also small-scale farmers. Lalichan, a farmer in Peerumade, said there were no buyers with small-scale hill produce merchants ceasing to buy cardamom. A trader had agreed to take the produce without making payment now. A meagre price was offered.
“How can one sell the produce without knowing the price and without being paid,” he added.

Giji K. Raman for
https://www.thehindu.com/news/national/kerala

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EXPORT OF PEPPER BY SINGAPORE

Singapore, officially the Republic of Singapore, is an island city-state in Southeast Asia. Although Singapore is not part of pepper producing country, Singapore exported a significant amount of pepper to the rest of the world.

In 2018, Singaporewas reported to have exported a total of 4,807 Mt of pepper from which 84% or 4,024 Mt of it comprised of whole pepper and 16% or 783 Mt of it ground pepper. Singapore on average exported a total of 401 Mt per month in 2018 which peaked in May with 699 per Mt. The total revenue of Singapore's export of pepper in 2018 was reported to be as high as USD 21.9 Million. Thus, recording an average price of the total pepper exported by Singapore at USD 3,698 per Mt for whole pepper and USD 9,052 per Mt for ground pepper.

Year 2019 saw a decrease in term of quantity of pepper exported by Singapore. Singapore was reported to have exported a total of 2,023 Mt of which 97% or 1,963 Mt of it comprised of whole pepper and 3% or 60 Mt of it ground pepper, recording a decrease of 58% when compared with 2018. The average export of pepper by Singapore in 2019 was reported to be at 169 Mt per month which also peaked in May with 287 per Mt. In accordance with decreasing in terms of quantity, Singapore's revenue from pepper export was also reported to have decreased by 71% as compared to the previous yearto a total of USD 6.3 Million. Thus, recording an average price of the total pepper exported by Singapore at USD 3,092 per Mt for whole pepper and USD 4,935 per Mt for ground pepper or a decrease by 16% and 45% respectively as compared with 2018.

As of January 2020, Singapore was reported to have exported a total of 126 Mt which 124 Mt of it comprised of whole pepper and or 2 Mt of it ground pepper. Thus, recording a decrease of 53% when compared to same period in 2019. The total revenue of pepper export by Singapore was reported to have reached USD 476,000, recording a decrease by 49% as compared to the same period in 2019. The average price of the total pepper exported by Singapore as of January2020 was reported at USD 3,760 per Mt for whole pepper and 5,000 per Mt for ground pepper.

Pepper from Singapore is widely traded in Asia, America, Europe and Africa. As of January 2020, Singapore's top 5 Country of destinations for its pepper were reported to be Nepal with 25 Mt (a decrease of 50% as compared to the same period in 2019), United States of America with 25 Mt (a decrease of 50%), Viet Nam with 17 Mt (2019 NA), Spain with 15 Mt (2019 NA) and Bangladesh with 10Mt (2019 NA). The significant decrease of export to United States of America was the result of United States of America starting to shift importing pepper from pepper origins countries such as Viet Nam (an increase by55 Mt or 2% as compared to the same period in 2019) and India (an increase by 42 Mt or 11%).

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INDIA - Spice industry faces huge crisis after suspension of exports in wake of COVID-19

While Gulf countries had already suspended cardamom import, the export of cardamom, pepper and other spices has now been temporarily suspended due to coronavirus fears.

Even as the COVID-19 pandemic spreads across the globe and India has announced a nation-wide lockdown, the spice industry is facing a huge setback. Farmers and traders are facing an enormous crisis after the export of cardamom, pepper and other spices was temporarily suspended due to coronavirus fears.

Last week the Spices Board suspended the cardamom e-auctions scheduled at e-auction centres at Bodinayakanur in Tamil Nadu and Puttady in Kerala with immediate effect until March 31. This has only added to the farmers’ woes. Within a week, the price of cardamom dropped by more than Rs 1,000 per kg. Till the last week of January, the price of cardamom was nearly Rs 4,000 to 4,500 per kg in the retail market. But now it fallen to Rs 2,000 to Rs 2,300. Pepper prices also fell to Rs 290 from Rs 330 per kg. Vendors are also not willing to buy spices such as cardamom, pepper and coffee from farmers.

Johny Joseph Vattathara, who runs Spice More Trading Company in Kumily in Kerala’s Idukki which trades in black pepper, cinnamon, cardamom and coffee, said that the COVID-19 pandemic has severely affected the spices trading and market. “Cardamom is mainly exported to Gulf countries. When COVID-19 started spreading across the world, the Gulf countries temporarily suspended cardamom import from other countries. We lost many export orders from the Gulf, presently we have no idea when the issue will be resolved,” he said.

Cardamom is firstly bought by vendors from Tamil Nadu and they export the product to other countries including the Gulf. But after the coronavirus scare, foreign countries stopped buying cardamom and the price continues to dip,” Johny added.

“Now the auctions have been suspended in Kerala and Tamil Nadu, so the movement of spices from Idukki district has stopped entirely. In the last cardamom auction, the average price quoted was only Rs 2,336 per kg,” Johny said.

Idukki district in Kerala is India’s largest producer of cardamom. Most of the natives in Idukki are farmers and live solely on income from agricultural produce. So when the traders stopped purchasing spices from them, the farmers are now in dire straits.

Small-scale traders are also upset over the present situation in the spices industry. “We vendors normally purchase spices from the farmers. But now we don’t know how to sell the products purchased through auction. With the lockdown in place, the market will also be suspended till April 14. We have already purchased and stored huge amounts of cardamom and pepper from the farmers. Now we don’t know when we’ll be able to sell it to wholesalers,” said MJ Joseph Mattapparampil, a spices vendor in Idukki.

AA George, a cardamom vendor, said, “In the present situation we can’t buy cardamom or other spices from the farmers. We don’t know when we can sell to wholesale vendors or through auction. The vendors have also stocked large quantities of cardamom and they are facing a big problem in selling their product.”

“Because of the COVID-19 pandemic, there is trade uncertainty in all countries and this will affect the import of cardamom and other spices. In the present situation, the vendors are not willing to purchase,” George added.

PM Thomas, a farmer, said, “Agriculture is my only source of income. But three days ago I tried to sell 10 kg of pepper but no vendor was ready to buy the product. I don’t know how to manage the situation.”

This report by
https://www.thenewsminute.com

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VIETNAM - PEPPER MARKET UPDATE 25TH MARCH 2020 – WEEK 13

Vietnam As the outbreak of Corona Virus continued to widely spreading, global pepper & spices business has continued to slow down. Market this week showed with no origins reported an increase.

Vietnam's pepper market had mixed movements throughout the week with a negligible price decrease as almost exporters continued to have to participate to cover raw material for all shipment in March and April. We would not be surprised if Vietnam's exports would reach over 35,000 tons pepper this month.

As many countries have closed and difficulties in customs clearance due to Coronavirus, pepper is also an agricultural food product so basic consumption is still a priority. In addition, the current price is very low, below the production cost of most farmers so the pepper price has almost not decreased. However, as many countries, the Vietnam currency has been weaker 1.5% than the US dollar last week make the price is more competitive compared to other countries.

China The government is in better control of the disease so demand from China has been increasing steadily and warm up over the past 2 weeks. It is forecast that China will have to buy a large amount of pepper when the disease situation is under controlled in the coming time because China only imported more than 2,000 tons of pepper in the first 3 months from Vietnam (While the first 3 month of 2019 imported 13,263 tons - a shortage of over 11,000 tons compare the same period).

USA Customers looking to cover whole year shipment but exporters/processor hesitating due to price does not meet and risky when market correction and rebound again.

India/Nepal has lockdown from yesterday and open next 3 weeks so no demand now.

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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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