IPC MARKET REPORT No. 28/19, 8 July - 12 July 2019

MARKET REPORT
Market this week showed mixed response.
In local market, Malabar black pepper was reported stable and relatively unchanged as compared to the previous week with an average of USD 4,874 per Mt.
India black pepper price in local currency was reported at INR 334 per Kg on Thursday.
Indonesia black and white pepper was also reported stable as compared to the previous week with an average of USD 2,054 per Mt for black pepper and USD 3,435 per Mt for white pepper. Indonesian black and white pepper in local currency trade an average of IDR 29,000 per Kg and IDR 48,500 per Kg respectively.
Malaysian black and white pepper was reported stable and relative unchanged as compared to the previous week, averaging at USD 2,476 per Mt for black pepper and USD 3,911 per Mt for white pepper.
Viet Nam black pepper was reported to be traded with a 1% deficit as compared to the previous week, averaging at USD 1,931 per Mt, whilst Viet Nam white pepper reported unchanged, averaging at USD 2,847 per Mt.
Sr i Lanka black pepper continued to traded negatively and was reported the lowest ever prices in recent years. Recording a 23% deficit as opposed to the previous week at an average of USD 2,069 per Mt.
China white pepper was reported stable as compared to the previous week averaging at USD 4,706 per Mt.

International Mkt
In international market, FOB price of India black pepper was reported stable as compared to the previous week at an average of USD 5,165 per Mt.
Indonesia black and white pepper was also reported stable as compared to the previous week with an average of USD 2,512 per Mt for black pepper and USD 4,060 per Mt for white pepper.
Malaysia black and white pepper were reported unchanged, averaging at USD 3,685 per Mt and USD 5,275 per Mt respectively.
Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and relatively unchanged as compared to the previous week with an average at USD 2,309 per Mt, USD 2,374 per Mt and USD 3,459 per Mt respectively.
China white pepper was reported with a 4% increase as opposed to the previous week at an average USD 5,106 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.

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