IPC PEPPER MKT REPORT No. 07/21, 8 - 12 February 2021

 

MARKET REPORT

Today is New Year for many Asians:Happy Losar to Tibetan friends; Happy Tet to Vietnamese friends; Happy Seollal to Korean friends; and Happy Lunar New Year to Chinese friends. Wish you all a prosperous year 2021. Market this week showed a mixed response with only Sri Lanka black pepper was reported with a decrease. In local market, Malabar black pepper was reported stable at an average of USD 4,462 per Mt. Indonesia black and white pepper were reported stable, averaging at USD 2,429 per Mt for black pepper and USD 4,429 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 1% respectively as compared to the previous year, averaging at USD 2,487 per Mt for black pepper and USD 3,953 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported stable, averaging at USD 2,186 per Mt for black pepper and USD 3,048 per Mt for white pepper. Sri Lanka black pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,603 per Mt.

INTERNATIONAL MARKET REPORT

International market was reported with a rather positive outlook as India black pepper was reported stable at an average of USD 4,736 per Mt. Indonesia black and white pepper were reported stable, averaging at USD 2,941 per Mt for black pepper and USD 5,172 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 4% respectively as compared to the previous week, averaging at USD 3,850 per Mt for black pepper and USD 5,250 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged.

IPC PEPPER MKT REPORT No. 05/21, 25 - 29 January 2021

LOCAL MARKET REPORT

Market this week showed a mixed response. In local market, Malabar black pepper was reported stable at an average of USD 4,456 per Mt. Indonesia black pepper was reported stable, averaging at USD 2,484 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week, averaging at USD 4,329 per Mt. Malaysia black and white pepper were reported stable, averaging at USD 2,448 per Mt for black pepper and USD 3,917 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as opposed to the previous week, averaging at USD 2,186 per Mt. Whilst, Viet Nam white pepper was reported stable at an average of USD 3,047 per Mt. Sri Lanka black pepper was reported with 2% deficit as compared to the previous week and was traded at an average of USD 2,616 per Mt. China white pepper was reported stable and was traded at an average of USD 4,875 per Mt locally.

INTERNATIONAL MARKET REPORT
International market was also reported with a mixed response as India black pepper was reported stable at an average of USD 4,730 per Mt. Indonesia black pepper was reported stable at an average of USD 3,003 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week, averaging at USD 5,059 per Mt. Malaysia black and white pepper were reported 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% respectively as opposed to the previous week, averaging at USD 2,905 per Mt, USD 2,986 per Mt and USD 4,500 per Mt respectively. China white pepper was reported stable and was traded at an average of USD 5,075 per Mt.

USA and Europe markets were reported with less activity. Viet Nam searched for market by offering slightly lower price.

SPICES MARKET UPDATE 25TH JAN 2021 – WEEK 4