BRIEF PICTURE OF THE SITUATION OF BLACK PEPPER IN BRAZIL

MAY 15, 2020

Pepper in Brazil is scarce now as the harvest in Espirito Santo finished and the new crop in Belem will start in July/August.
Some stock is been kept by the growers but due to scarcity asked prices are hight.

In the last weeks the CORONA issue impacted heavily on pepper trade in Brazil causing delays in processing, transportation and port operations such as inspections and loading/unloading due to strong reduction of the workforce.

These are problems common to the whole world now but, in Brazil has particular issues of the political strugle against the President Bolsonaro which cause a big indefinition about the economy,
As a result of this political unrest, Dollar rates are absolutelly volatile with daily changes of upt to 2% - 3%.
Growers and stock holders try to get maximum price following and oftenly even surpassing de Dollar appreciation.
Therefore business is very difficult to settle.

Some esxporters that sold future shipments are short and struggling to honour their commitments.
In the words of one exporter "he offers price within 10 minutes validity" because growers change prices by hour.
If not confirmed at once the price is not valid anymore. Earlier this week business was done at U$D 1,900 FOB but today it would be impossible to make it at U$D 2,000.

Pepper at farmgate rose 28% from last week to yesterday and more 10% today.

Bottom line is: If you get a suitable offer book it immediatelly ! or consider wait for some weeks to see if market stabilize.
General trend is upwards, and we might see prices way over U$D 2,000 in the next months.

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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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VIETNAM - PEPPER MARKET UPDATE 27TH APRIL 2020

APRIL 27 2020
In the first half of April, Vietnam has exported 18,067 tons so maybe quantity export in April will reach 37-38,000 tons, bringing the total export volume in the first 4 months around 119,094 tons, an increase of over 10% compared with the same period in 2019.

Pepper market opened today with a 1% price increase compared to the end of last week due to strong demand from the Chinese. Many domestic speculators increased stockpiling that make marker very steady. Farmer/middleman offering raw material slowly and keep watching continue.

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IPC - #PEPPER MARKET REPORT No. 16/20, 13 - 17 April 2020

LOCAL MARKET
Market this week showed a positive response with Indonesia origin reported with the highest increase. In local market, Malabar black pepper was reported stable averaging at USD 4,159 per Mt. Following the strengthening of the Indonesian rupiah against US Dollar by 4% as compared to last week's average, Indonesia black and white pepper were reported with an increase of 8% and 4% respectively as opposed to the previous week averaging at USD 1,591 per Mt for black pepper and USD 2,737 per Mt for white pepper. Malaysia's black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black and white pepper were reported with an increase of 1% respectively when compared to the previous week and was traded at an average of USD 1,594 per Mt for black pepper and USD 2,381 per Mt for white pepper. As a result of the strengthening of Sri Lankan Rupee against US Dollar, 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 2,732 per Mt. China white pepper was reported with a slight increase of 1% and was traded at an average of USD 4,263 per Mt locally.

INTERNATIONAL MARKET

International market also showed a positive outlook as only India and Malaysia origin were reported stable. India black pepper was reported stable at an average of USD 4,421 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 4% respectively as compared to the previous week averaging at USD 1,967 per Mt for black pepper and USD 3,258 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 reported with an increase of 2%, 2% and 1% respectively as compared to the previous week averaging at USD 2,090 per Mt, USD 2,120 per Mt and USD 3,020 per Mt respectively. China white pepper was reported with an increase of 1% as opposed to the previous week and was traded at an average of USD 4,463 per Mt internationally.

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IPC MARKET REPORT - No. 15/20, 6 - 10 April 2020

As the total death from COVID-19 outbreak nearly reached 100,000 people, many countries enforced more rigorous measures in trying to lessen the spread of the Virus. Indonesia reportedly implemented a large-scale social restriction in their capital city which would last for the next two weeks, as market this week showed a mixed response. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week averaging at USD 4,177 per Mt. The decrease of Malabar black pepper price could be contributed to the weakening of Indian Rupee against US Dollar. Indonesia black and white pepper were reported with a slight increase by 1% respectively as opposed to the previous week averaging at USD 1,467 per Mt for black pepper and USD 2,628 per Mt for white pepper. The increase of Indonesia black and white pepper price could be contributed to the slight strengthening of Indonesia Rupiah against US Dollar. Malaysia's black and white pepper were reported stable aver aging at USD 1,705 per Mt for black pepper and USD 3,059 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported stable and unchanged whilst Viet Nam white pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,347 per Mt. Following the significant weakening of Sri Lankan Rupee against US Dollar, Sri Lanka black pepper was traded with a 4% deficit as opposed to the previous week at an average of USD 2,660 per Mt. China white pepper was reported with an increase of 1% and was traded at an average of USD 4,239 per Mt locally.
In contrary, international market showed a rather positively outlook with only India origin recorded a deficit. India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,440 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as compared to the previous week averaging at USD 1,819 per Mt for black pepper and USD 3,129 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, contrary to local price, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with an increase of 4%, 3% and 2% respectively as compared to the previous week averaging at USD 2,050 per Mt, USD 2,080 per Mt and USD 2,980 per Mt respectively. China white pepper was reported with an increase of 1% as opposed to the previous week and was traded at an average of USD 4,439 per Mt internationally. 

VIETNAM - PEPPER MARKET UPDATE 13TH APRIL 2020 – WEEK 16

Global pepper market is forecast to be slow due to affected by COVID-19.
Disease movements are still complicated, especially in the US&Europe - the major pepper markets in the world, will cause less import demand. The global pepper market maybe continue  faces disrupted supply due to social isolation requirements and restrictions on clearance of cargo from many countries around the world.

Through a quick inspection again with Customs & Department of Agriculture and Rural Development, Vietnam has exported up to 42,330 tons of pepper in March (higher than the figures we forecast last week over 8.000 tons). The first quarter 2020 export reached 83,246 tons that increasing by 12.6% compare with the same period in 2019 (exported 72,726 tons). This is new records from Vietnam and very impressive for everybody too.

March also recorded a sharp increase in imports to more than 10,000 tons from Chinese, it’s biggest quantity was imported within 1 month from China until now. Details of export/import data each country, I will try to analyze and send you within end this week.

Pepper market opening today with less offer from domestic suppliers. Market very steady and China continue buying beside other countries like ASIA/USA/EU.

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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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#PEPPER - IPC MARKET REPORT No. 14/20, 30 March - 3 April 2020

As Viet Nam reportedly implemented a total nation-wide lockdown, starting 1 April 2020, in response of trying to flatten the curve of Corona Virus spreading, market this week showed a mixed response as only Viet Nam was reported with a decrease. In local market, Malabar black pepper was reported with an increase of 1% when compared to the previous week averaging at USD 4,219 per Mt. The increase of Malabar black pepper price could be contributed to the slight strengthening of Indian Rupee against US Dollar. Following the social distancing policy implemented in Indonesia some major markets in Lampung and Bangka, two major producing area of black and white pepper, are closed. Consequently, Indonesia black pepper was reported with a slight increase of 2% as opposed to the previous week averaging at USD 1,458 per Mt whilst Indonesia white pepper was reported stable at an average of USD 2,612 per Mt. Malaysia black and white pepper were reported with an increase of 1% respectively as comp ared to the previous week averaging at USD 1,703 per Mt for black pepper and USD 3,056 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with 2% deficit respectively when compared to the previous week and was traded at an average of USD 1,577 per Mt for black pepper and USD 2,381 per Mt for white pepper. Sri Lanka black pepper was traded with 1% deficit as opposed to the previous week at an average of USD 2,766 per Mt which could be contributed to the weakening of Sri Lankan Rupee against US Dollar. China white pepper was reported stable and was traded at an average of USD 4,214 per Mt locally.
International market showed a rather stable outlook with only Indonesia origin recorded an increase. India black pepper was reported stable at an average of USD 4,484 per Mt. Indonesia black pepper was reported with an increase of 2% as compared to the previous week averaging at USD 1,808 per Mt whilst Indonesia white pepper was reported stable averaging at USD 3,110 per Mt. 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 was traded at an average of USD 4,414 per Mt.
Prices at US market this week was reported quite stable, though business had become slightly unpredictable and slow due to the nation-wide lockdown as US became country with the most active cases of Corona Virus with 228,874 (as of 3 April 2020) and 6,095 total death. Many pepper origins were still very cautious when prices were already at very low levels and unlikely to fall further when US Dollar strong against International local currencies. 

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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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#PEPPER MARKET UPDATE 9TH MARCH 2020 – WEEK 11

Vietnam has exported roughly 25,600 tons of pepper in February, bringing the total pepper exported in the last 2 months to 40,600 tons, an increase of 11% compared to the first 2 months of 2019. We forecast March the total export volume will be easy to reach from 32 to 35,000 tons. All details data that we will collect and send you within next week.

Under the influence of #Corona Virus, the pepper market in Vietnam has had certain effects when prices decreased slightly over the weekend due to low demand and psychological factors affecting commodity prices. Furthermore, almost exporters covered enough raw material for Feb/First week March shipment and now keep sidelined.

After easier tone, the market has shown signs of recovery with some demand from India/Nepal and Eastern Europe. The USA market also recorded some demand for further shipment from June to December. However, business were slow due to collector/exporters/speculator prefer to offer promptly shipment and hesitating to offer full year shipment. In contrast to many other countries, Vietnam currency has strengthened against the USD and expected to continue until the second quarter of 2020 (equivalent to a price increased of about 10$/Mt).

China It seems has better control of the disease and we hope the situation will settled down soon. Border traded still tight and under strict control with costly. However, likely demand are returning soon. China reported trading its white pepper internationally with an average of USD 4,375 per Mt.

India as the harvest come to full swing Malabar black pepper was traded with a 4% discount on the price as compared to the previous week, averaging at USD 4,203 per Mt. Currency depreciation than USD from  last week.

Indonesia black and white pepper also down around 1 and 2% respectively at an average of USD 1,684 per Mt for black pepper and USD 3,053 per Mt for white pepper. Indonesian Rupiah also weakening than USD with 2% depreciation.

Malaysian an increase of 1% as opposed to the previous week, averaging at USD 1,767 per Mt for black pepper and USD 3,172 per Mt for white pepper.

Sri Lanka was also reported steady at an average of USD 2,937 per Mt.

Brazil market we heard continue firm and less offer from farmers/collectors. USD stronger against with Real.

 









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#PEPPER #INDIA - Pepper imports from Brazil worry Indian growers

Kochi March 03, 2020

 #Coronavirus
Spice meet put off on virus scare

Pepper farming community has voiced concern over the presence of Brazilian pepper in India. It is reported that markets in Rajasthan, Gujarat, Delhi and Maharasthra are getting Brazilian pepper for re-export at ₹340 +GST paid and freight delivered at the buyer’s doorstep.
The price of Indian pepper comes to around ₹360. Traders claim Brazilian pepper has 600 gm/litre bulk density.

According to Kishore Shamji of Kishor Spices, pepper farmers are worried over the new entrant into the Indian markets, which is selling below the Vietnam pepper prices. The latter rules at $2,000 per tonne against the Brazilian pepper’s $1,800-1,900. It is estimated that over 600 tonnes of Brazilian pepper were imported into the country during December and January.

Normally, Vietnam bolder berries would slip into the domestic market as No 13 quantity that had snatched away Wayanadan and Karnataka pepper share from the domestic market.

Meanwhile, pepper prices in Kochi were down by ₹1 per kg with limited sellers from Kerala. The arrivals in the market was lower at 13 tonnes. The average price realised for ungarbled varieties was ₹308 per kg, while MG1 garbled stood at ₹328. New pepper was quoted at ₹298.
However, traders expect arrivals to pick up in the coming days, mainly from Wayanad and Karnataka, to be followed by Tamil Nadu.

Meanwhile, the coronavirus scare has forced organisers in Kochi to postpone the International Spice Conference 2020 slated to be held from March 8 to 11.
The organisers pointed out that many of the delegates from countries such as Italy, Europe, West Asia have informed their inability to attend the meet.

V Sajeev Kumar
The HinduBusinessLine

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#PEPPER #INDIA - Limited offtake drives pepper prices down

Kochi  March 02, 2020

Limited offtake by end-users and improved arrivals hammered pepper prices down by ₹8 a kg in Kochi last week.

The market was also down by ₹1 on Monday on the arrival of 72 tonnes and the average price realised was ₹309 for ungarbled varieties. MG1 garbled variety was quoted at ₹329, while new pepper stood at ₹299.

According to Kishore Shamji of Kishor Spices, pepper from Coorg and Wayanad with moderate demand from end-users was sold. Dealers from Delhi, Uttar Pradesh and Madhya Pradesh were not buying because of riots in the capital city.

However, cold conditions in northern India is keeping demand stable. Consumption in the domestic market has gone up to 5,000-6,000 tonnes a month, which could be met by domestic production, he said.

Shamji said imports from Sri Lanka have come down to 69 tonnes in January. February figures are yet to be known. However, traders voiced concern over the reported move by Sri Lanka and Vietnam to impress upon Indian government to withdraw the minimum import price imposed on pepper, which would enable these countries to dump their produce in the domestic market.

Though arrivals from Karnataka and Wayanad have picked up, traders said availability of Karnataka pepper was limited with good buying interest for pepper with bulk density above 550gm per litre.

A section of the trade speculates that the market is likely to drop to ₹250 per kg in Rajasthan and Madhya Pradesh on higher production, Shamji said.

V Sajeev Kumar
The HindubusinessLine

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#BLACKPEPPER - EXPORT OF PEPPER BY MADAGASCAR

EXPORT OF PEPPER BY MADAGASCAR
Madagascar, officially the Republic of Madagascar is an island country in the Indian Ocean, approximately 400 kilometers off the coast of East Africa. Madagascar is one of the producers of pepper in the world and actively export pepper to various countries.

In 2017, Madagascar was reported to have exported a total of 1,983 Mt of pepper from which 95% or 1,889 Mt of it comprised of whole pepper and 5% or 94 Mt of it ground pepper. Madagascar on average exported a total of 165 Mt per month in 2017 which peaked in December with 580 per Mt. The total revenue of Madagascar's export of pepper in 2017 was reported to be as high as USD 6.9 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 3,462 per Mt for whole pepper and USD 4,054 per Mt for ground pepper.

Year 2018 saw an increase in term of quantity of pepper exported by Madagascar. Madagascar was reported to have exported a total of 3,313 Mt of which 90% or 2,986 Mt of it comprised of whole pepper and 10% or 328 Mt of it ground pepper, recording an increase of 67% when compared with 2017. The average export of pepper by Madagascar in 2018 was reported to be at 276 Mt per month which peaked in January with 538 per Mt. In accordance with increasing in terms of quantity, Madagascar's revenue from pepper export was also reported to have increased by 33% as compared to the previous year to a total of USD 9.2 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 2,824 per Mt for whole pepper and USD 2,471 per Mt for ground pepper or a decrease by 18% and 39% respectively as compared with 2017.

At the end of 2019, Madagascar was reported to have exported a total of 3,696 Mt which 98% or 3,639 Mt of it comprised of whole pepper and 2% or 57 Mt of it ground pepper. Thus, recording an increase of 12% when compared to 2018. The average export of pepper by Madagascar in 2019 was reported to be at 308 Mt per month which peaked in October with 620 per Mt. By the end of 2019, the total revenue of pepper export by Madagascar was reported to have reached USD 7.1 Million, recording a decrease by 23% as compared to 2018. The average price of the total pepper exported by Madagascar in 2019 was reported at USD 1,919 per Mt for whole pepper and 2,079 per Mt for ground pepper or a decrease by 32% and 16% respectively as compared with 2018.

Pepper from Madagascar is widely traded in Asia, Europe and Africa. In 2019, Madagascar's top 5 Country of destinations for its pepper were reported to be United Arab Emirates with 440 Mt (a decrease of 19% as compared to 2018), France with 389 Mt (an increase of 11%), Sudan with 384 Mt (an increase of 75%), Pakistan with 316 Mt (a decrease of 30%) and Belgium with 299 Mt (a decrease of 1%). The significant decrease of export to Pakistan was the result of Pakistan starting to shift importing pepper from Brazil instead of Madagascar (an increase of 1,629 Mt of Pakistan import from Brazil). 

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#BLACKPEPPER -IPC MARKET REPORT

No. 07/20, 10 - 14 February 2020

MARKET REPORT
Market this week showed a mixed response with a rather negative outlook as only India origin was reported with an increase. In local market, Malabar black pepper was traded with an increase of 1% as compared to the previous week with an average of USD 4,382 per Mt. Indonesia black and white pepper was reported stable at an average of USD 1,753 per Mt for black pepper and USD 3,141 per Mt for white pepper. Malaysian black and white pepper were traded domestically with a 2% and 1% deficit respectively as opposed to the previous week averaging at USD 1,820 per Mt for black pepper and USD 3,239 per Mt for white pepper. Furthermore, the ongoing harvest season in Viet Nam pushed Viet Nam black pepper to be traded with a 2% deficit as compared to the previous week at an average of USD 1,597 per Mt. Whilst, Viet Nam white pepper was reported steady with an average of USD 2,410 per Mt. Sri Lanka black pepper was traded with a 1% deficit as compared to the previous week at an average of USD 2, 916 per Mt.
International market followed similar trend in local market as only India recorded an increase. India was reported trading its Malabar black pepper internationally with the same increase of 1% as compared to the previous week at an average of USD 4,662 per Mt. Indonesia black and white pepper were reported stable with an average of USD 2,174 per Mt for black pepper and USD 3,740 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 reported with a greater loss in international market and were traded with a 7%, 6% and 5% deficit respectively when compared to the previous week at an average of USD 1,900 per Mt, USD 2,000 per Mt and USD 3,000 per Mt respectively. The decrease of FOB price in Viet Nam could be contributed to China demand in recent week was static and it has an impact due to Viet Nam was the biggest supplier for China pepper market.
The Lunar New Year holiday which was followed immediately by the devastating outbreak of the Corona Virus have china market in the past 5 weeks were reported inactive as no business took place. Reports coming in from Hainan stating that people remain in their house and refraining from going out.

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#BlackPepper - First Report after Lunar New Year

Vietnam; exported in the first half of January 2020 around 9,496 tons of pepper and possible export over 16,000 tons in January. That will be less than the same period 2019 (exported 19,773 tons) because Vietnam has a long holiday from 23rd to the end of January 2020.

Pepper market in general has slightly decreased because the carryover is still available while the new crop has started to harvest. It is expected that after a week more Daklak area will start to harvest, Daknong starting fully swing during this time. The supply of material to the market to be quite abundant from now to the end of March 2020.

However, it is difficult to predict the price when the pepper price is already very low, many farmers are at a loss and do not take care of the pepper plantation as before.

Manufacturers and exporters are quite cautious and rarely sell big short as in previous years because this price is not attractive, the profit margin is too low while the risk is high.

India; According to Cogencis, Pepper harvest in Kerala state has officially started in January 2020, but the output and quality of pepper are low due to adverse weather. Crop size in 2020 is forecast to increase by 30% from last year to 61,000 - 62,000 tons due to favorable weather in Kerala state.

According to Indian experts, pepper prices may decrease in the period February - March after the states of Kerala and Karnataka in the main season.
Brazil:In Brazil the strong fluctuations in the exchange rate in the last week, has contributed to some discounts below the level of the last week.
Against this favorable news for the importer, a week of heavy rains in ES(Port of Vitoria), affected the harvest and the delivery of dry black pepper and the weather forecast for February is not favorable
Further, the short availability of free containers and complicated documents processing are delaying contracted shipments.
The heavy rains cause a decrease in supply of pepper to local market, processors and exporters

It is generally understood that 60% to 70% of the ES crop has already been harvested.

Large consumer market;

China; Under the influence of the Corona virus and currently on the occasion of the Lunar New Year, almost all international border gates with Vietnam have closed. The quota trade with the pepper market was temporarily suspended. Demand for pepper from China, is expected to be very low/absent in the next 1-2 weeks.

America; High demand for whole year shipment, especially with delivery period in the second half of 2020. However, prices are not really attractive and risky, so some exporters in Vietnam are still hesitant.

Nepal & the Middle East; Great demand for 5mm bold berries pepper with immediate shipment while limited supply and raw material.

EU; Focus on buying with spot orders and not much quantity.

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