MARKET REPORT
Market this week showed a rather negative outlook.
Local Market
In local market, Malabar black pepper was reported stable with an average of USD 4,866 per Mt.
As Lampung is currently undergoing harvest period, Indonesia black pepper was reported with a 4% deficit as opposed to the previous week with an average of USD 1,930 per Mt. Whilst, Indonesia white pepper reported stable averaging at USD 3,468 per Mt. Indonesian black and white pepper in local currency were traded with an average of IDR 27,000 per Kg and IDR 48,500 per Kg respectively.
Malaysian black pepper was reported to be traded with 2% deficit as compared to the previous
week. Whilst, Malaysian white pepper was reported stable averaging at USD 3,926 per Mt.
Viet Nam black pepper was reported to be traded with 1% deficit as opposed to the previous week, averaging at USD 1,901 per Mt while Viet Nam white pepper was reported unchanged.
Sri Lanka black pepper continued to be traded negatively as the harvest period progressed. Recording a 3% deficit as compared to the previous week at an average of USD 2,524 per Mt.
China white pepper was reported unchanged averaging at USD 4,688 per Mt.
Currency x U$
CHINA -CNY - 6,88
INDIA - INR - 69,00
INDONESIA - IDR - 13,987
MALAYSIA - MYR - 4,12
VIETNAM - VND - 23,718
International Market
In international market, FOB price of India black pepper was reported stable at an average of USD 5,155 per Mt.
Indonesia black pepper was reported with a deficit of 4% as opposed to the previous week with an average of USD 2,373 per Mt. Whilst, Indonesia white pepper was reported unchanged averaging at USD 4,099 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 to be traded negatively with 1% deficit as compared to the previous week averaging at USD 2,273 per Mt, USD 2,338 per Mt and USD 3,423 per Mt respectively.
China white pepper was reported stable at an average of USD 4,888 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.
Market this week showed a rather negative outlook.
Local Market
In local market, Malabar black pepper was reported stable with an average of USD 4,866 per Mt.
As Lampung is currently undergoing harvest period, Indonesia black pepper was reported with a 4% deficit as opposed to the previous week with an average of USD 1,930 per Mt. Whilst, Indonesia white pepper reported stable averaging at USD 3,468 per Mt. Indonesian black and white pepper in local currency were traded with an average of IDR 27,000 per Kg and IDR 48,500 per Kg respectively.
Malaysian black pepper was reported to be traded with 2% deficit as compared to the previous
week. Whilst, Malaysian white pepper was reported stable averaging at USD 3,926 per Mt.
Viet Nam black pepper was reported to be traded with 1% deficit as opposed to the previous week, averaging at USD 1,901 per Mt while Viet Nam white pepper was reported unchanged.
Sri Lanka black pepper continued to be traded negatively as the harvest period progressed. Recording a 3% deficit as compared to the previous week at an average of USD 2,524 per Mt.
China white pepper was reported unchanged averaging at USD 4,688 per Mt.
Currency x U$
CHINA -CNY - 6,88
INDIA - INR - 69,00
INDONESIA - IDR - 13,987
MALAYSIA - MYR - 4,12
VIETNAM - VND - 23,718
In international market, FOB price of India black pepper was reported stable at an average of USD 5,155 per Mt.
Indonesia black pepper was reported with a deficit of 4% as opposed to the previous week with an average of USD 2,373 per Mt. Whilst, Indonesia white pepper was reported unchanged averaging at USD 4,099 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 to be traded negatively with 1% deficit as compared to the previous week averaging at USD 2,273 per Mt, USD 2,338 per Mt and USD 3,423 per Mt respectively.
China white pepper was reported stable at an average of USD 4,888 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.
Posts
No comments:
Post a Comment