PEPPER MARKET REPORT

No. 26/19, 24 June - 28 June 2019
IPC

Market this week showed mixed response. In local market, Malabar black pepper was traded with a 1% increase as compared to the previous week with an average of USD 4,957 per Mt.
India black pepper price in local currency was reported at INR 343 per kg on Thursday.
Though Indonesian Rupiah strengthen against US Dollar, Indonesia black and white pepper were reported to be traded with a 3% and 1% deficit respectively as compared to the previous week, averaging at USD 2,048 per Mt for black pepper and USD 3,461 Mt for white pepper. Indonesian black and white pepper in local currency lost IDR 1,000 per Kg and were traded at an average of IDR 29,000 per Kg and IDR 49,000 per Kg respectively.
Malaysian black and white pepper was traded with an increase of 1% as compared with the previous week, averaging at USD 2,469 per Mt for black pepper and USD 3,899 per Mt for white pepper.
Viet Nam black and white pepper was reported stable when compared with previous week, averaging at USD 1,962 per M t for black pepper and USD 2,848 per Mt for white pepper.
Sri Lanka black pepper continued to be traded negatively and was reported with the lowest ever prices in recent years. Recording a 4% deficit as opposed to the previous week at an average of USD 2,837 per Mt. Whilst, China white pepper was traded with an increase of 2% as compared with the previous week averageing at USD 4,800 per Mt.

In international market, FOB price of India black pepper was reported with a 1% increase as compared to the previous week at an average of USD 5,246 per Mt.
Indonesia black and white pepper were reported negative and were traded with a 2% and 1% deficit respectively as compared to the previous week with an average of USD 2,505 per Mt for black pepper and USD 4,088 per Mt for white pepper.
Malaysia black and white pepper were reported with a significant 3% spike as opposed to the previous week, averaging at USD 3,685 per Mt for black pepper and USD 5,275 per Mt for white pepper.
Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable with an average USD 2,343 per Mt, USD 2,408 per Mt and USD 3,493 per Mt respectively.
China white pepper was reported with a 2% increase as opposed to the previous week at an average USD 5,000 per Mt in the international market.
US market was reported stable and unchanged with Muntok spot price being reported at USD 5,072 per Mt.