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. 17/20, 20 - 24 April 2020

LOCAL MARKETS
Market this week showed a mixed response with Sri Lanka origin was reported with the highest decrease. In local market, Malabar black pepper was reported stable averaging at USD 4,155 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as opposed to the previous week, averaging at USD 1,604 per Mt for black pepper and USD 2,791 per Mt for white pepper. Malaysia's black and white peppers were reported with 1% deficit respectively when compared to the previous week with an average of USD 1,690 per Mt for black pepper and USD 3,032 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 2% respectively when compared to the previous week and was traded at an average of USD 1,628 per Mt for black pepper and USD 2,431 per Mt for white pepper. Sri Lanka black pepper was reported with 5% deficit as compared to the previous week and was traded at an average of USD 2,592 per Mt. China white pepper was reported stable and was traded at an average of USD 4,275 per Mt locally.

INTERNATIONAL MARKET
International market showed a rather positive outlook as Indonesia and Viet Nam origin were reported with an increase. India black pepper was reported stable at an average of USD 4,416 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as compared to the previous week averaging at USD 1,983 per Mt for black pepper and USD 3,320per 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 2,130 per Mt, USD 2,160 per Mt and USD 3,060 per Mt respectively. China white pepper was reported steady and was traded at an average of USD 4,475 per Mt internationally.

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RAMADAN MUBRAK

Corona takes the sheen out of cardamom growers

Thiruvananthapuram, April 22 (IANS)

Kerala which leads the country with a giant share of 89 per cent of the total production of cardamom, is finding its growers in a difficult situation. The cardamom growers are reeling as COVID-19 has hit them very hard.
The growers sell their produce by participating in the auction, held at Bodinayakkanur in the Theni district of Tamil Nadu, which lies close to the Thekkady tourist location in the Idukki district in Kerala.
In Kerala, Idukki is the home of cardamom growers who own large and small holdings and the total area under cardamom cultivation is around 38,000 hectares.
Though there is an auction centre at Vandanmeddu in Idukki district, the auction centre in Bodinayakkanur is the single most popular centre, as far as the cardamom auction is concerned.
Speaking to IANS, Sunny Mathew, executive member of the Cardamom Growers Association said things are bleak and getting bad.
"Ours is a product which fetches the highest price when the colour of the cardamom is best and fresh. Any delay in getting the product out of our farms spells danger. Sadly it''s been a month now as the premier auction centre is closed. We have never ever had such a long delay and it comes at a time when the prices were looking bright," said Mathew, a grower and also an exporter.
Cardamom from Kerala farms is auctioned and it goes to north India and for exports.
The peak market for this high quality and popular spice, used for baking and cooking purpose across the globe, begins when the yield is taken from September and tapers in January.
"This time the production has come down from 28,000 tones, last year to around 18,000 tones. When production comes down, the price rises and in January this year a kilogram of cardamom touched Rs 3,000 and when the lockdown began it was around Rs 2,300," said Mathew.
With Bodinayakkanur now declared as a hotspot for Covid-19, things are going to be bad and it would prevent auctioneers and their agents to arrive there.
"We want the government to come to our support. The Spices Board should take our products and based on our cost of production, they should lift our stock. If it does not happen, then the production would be seriously affected this year, as we do not have funds to invest. Also liberal moratoriums with regards to interest waiver and repayment also should be there," said Mathew.
--IANS
sg/dpb

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VIETNAM - PEPPER MARKET UPDATE 20TH APRIL 2020 – WEEK 17

Pepper opening new week with uptrend and less raw material offer.
Huge demand from Chinese for prompt shipment especically white pepper. 
Price is under farmer cost with crop less than 2019 that encourage many domestic speculators/collectors buying and stockpile.
Exporters also covering short position for all commitment full year shipment 2020.

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IPC REPORTS - EXPORT OF PEPPER BY SPAIN

Spain, officially the Kingdom of Spain, is located in Europe with its continental European territory is situated on the Iberian Peninsula. Its territory also includes two archipelagoes: the Canary Islands off the coast of Africa, and the Balearic Islands in the Mediterranean Sea make Spain the only European country to have a physical border with an African country (Morocco). Furthermore, Spain actively imports pepper from various pepper producing countries for domestic consumption or for re-export.
In 2018, Spain was reported to have imported a total of 5,280 Mt which 90% of it comprised of whole pepper. In the following year, Spain import of pepper increased by 10%, totaling at 5,789 Mt. The ratio of Spain's import and export during 2018-January 2019 are 2:1 respectively. As of January 2020, Spain was reported to have imported a total of 553 Mt of which 226 Mt went for re-export purposes. The top five countries of origins of Spain pepper both for whole and ground for January 2020 were reported to be Viet Nam with 220 Mt, Brazil with 149 Mt, Ecuador with 49 Mt, Belgium with 31 Mt and India with 29 Mt.
In 2018, Spain was reported to have exported a total of 3,267 Mt of pepper from which 34% or 1,112 Mt of it comprised of whole pepper and 66% or 2,155 Mt of it ground pepper. Spain on average exported a total of 272 Mt per month in 2018 which peaked in May with 432 Mt. The total revenue of Spain's export of pepper in 2018 was reported to be as high as USD 14.6 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,419 per Mt for whole pepper and USD 4,516 per Mt for ground pepper.
Year 2019 saw a decrease in term of quantity of pepper exported by Spain. Spain was reported to have exported a total of 2,991 Mt of which 29% or 877 Mt of it comprised of whole pepper and 71% or 2,115 Mt of it ground pepper, recording a decrease of 8% when compared with 2018. The average export of pepper by Spain in 2019 was reported to be at 249 Mt per month which peaked in March with 379 Mt. In accordance with decreasing in terms of quantity, Spain's revenue from pepper export was also reported with a decreased by 23% as compared to the previous year to a total of USD 11.2 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,095 per Mt for whole pepper and USD 3,637 per Mt for ground pepper or a decrease by 7% and 19% respectively as compared to 2018.
As of January 2020, Spain was reported to have exported a total of 226 Mt which 24% or 55 Mt of it comprised of whole pepper and 76% or 171 Mt of it ground pepper. Thus, recording a decrease of 13% when compared to the same period in 2019. As of January 2020, the total revenue of pepper export by Spain was reported to have reached USD 764,000, recording a decrease by 20% as compared to the same period in 2019. The average price of the total pepper exported by Spain as of January 2020 was reported at USD 4,690 per Mt for whole pepper and USD 2,959 per Mt for ground pepper.
Pepper from Spain is widely traded in Europe, Africa and America. As of January 2020, Spain's top 5 Country of destinations for its pepper were reported to be Italy with 54 Mt (an increase of 122% as compared to the same period in 2019), France with 43 Mt (an increase of 71%), Portugal with 38 Mt (an increase of 259%), Egypt with 25 Mt (2019 N.A.) and United Kingdom with 10 Mt (an increase of 283%). 

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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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#CARDAMOM - Lockdown takes a toll on cardamom

Shipments to Gulf countries in limbo

V Sajeev Kumar  - Kochi April 16, 2020

 Growers saddled with unsold stocks as Ramadan export potential goes awry

The Covid-19 pandemic has cast a shadow over India’s cardamom export prospects, particularly to Gulf countries during the holy Ramadan month, which begins on April 21 and runs up to May 20.

Exporters say Indian cardamom -- especially the 7 to 8 mm capsules -- was dominating in the Gulf markets because of its quality and price competitiveness vis-a-vis the Guatemalan variety. With the Gulf markets in the grip of the pandemic, cardamom exports from India have come to a standstill.
However, a Kochi-based exporter said his company is pinning hopes on the revival of exports to Saudi Arabia, which was suspended following issues connected with pesticide residue levels. The kingdom is reported to have taken positive steps in modifying the MRL levels, as Indian cardamom is a major ingredient in qahwa, a traditional coffee drink of the region.
Missed chance

It may be recalled that the issues connected with pesticide residue limits imposed by Saudi had impacted the prospects of Indian cardamom. Exports of the spice in 2019-20 was around 500 tonnes valued at ?150 crore compared to 2,000 tonnes in the previous year.

M Dhanavanthan, an exporter based in Bodinayakanur in Tamil Nadu, told BusinessLine that exporters have missed a business opportunity in the Ramadan period and the situation has made it even more difficult to clear the stocks. Most of the stocks are lying with farmers and traders. Only if the stocks are cleared, planters can invest in new crop, for which the first picking season begins by the end of May or early June.

Though the export market is likely to open up by August-September, there could be more stringent measures in the post-Covid days, he added.

The auctioneers in Vandanmedu said the stoppage of auctions since mid-March has caused accumulation of stock, leading to cash crunch to growers. It is estimated that around 800 tonnes of cardamom valued at ?200 crore could not be disposed of due to the suspension of auctions.

Bodinayakanur in Theni district, which is the primary trade centre for cardamom, is also a hotspot for the coronavirus. This has hindered the movement of cargo and traders. With the auctions suspended, there is confusion over pricing among farmers.

https://www.thehindubusinessline.com/markets/commodities/

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IPC REPORT - EXPORT OF PEPPER BY MALAYSIA

Malaysia, divided by the South China Sea into two regions; the Peninsular Malaysia and Malaysian Borneo, shared land borders with Thailand, Indonesia and Brunei Darussalam. Malaysia, known to be one of the major pepper producing countries in the world with pepper production estimated at 24,000 Mt in 2019, produces more than 98% of its pepper in the State of Sarawak. Producing both black and white pepper, Malaysia is reported to actively export pepper to various countries.
In 2017, Malaysia was reported to have exported a total of 20,969 Mt of pepper from which 50% or 10,484 Mt of it comprised of whole pepper and 50% or 10,484 Mt of it ground pepper. Malaysia on average exported a total of 1,747 Mt per month in 2017 which peaked in August with 2,575 Mt. The total revenue of Malaysia's export of pepper in 2017 was reported to be as high as USD 72.6 Million. Thus, recording an average price of the total pepper exported by Malaysia at USD 5,543 per Mt for whole pepper and USD 1,386 per Mt for ground pepper.
Year 2018 saw a decrease in term of quantity of pepper exported by Malaysia. Malaysia was reported to have exported a total of 13,882 Mt of which 73% or 10,119 Mt of it comprised of whole pepper and 27% or 3,763Mt of it ground pepper, recording a decrease of 34% when compared with 2017. The average export of pepper by Malaysia in 2018 was reported to be at 1,157 Mt per month which peaked in March with 1,954 Mt. In accordance with decreasing in terms of quantity, Malaysia's revenue from pepper export was also reported to have decreased by 31% as compared to the previous year to a total of USD 50.1 Million. Thus, recording an average price of the total pepper exported by Malaysia at USD 3,762 per Mt for whole pepper and USD 3,205 per Mt for ground pepper or a decrease by 32% for whole pepper and an increase of 131% for ground pepper as compared with 2017.
At the end of 2019, Malaysia was reported to have exported a total of 9,860 Mt which 87% or 8,537 Mt of it comprised of whole pepper and 13% or 1,322 Mt of it ground pepper. Thus, recording a decrease of 29% when compared to 2018. The average export of pepper by Malaysia in 2019 was reported to be at 822 Mt per month which peaked in August with 1,131 Mt. By the end of 2019, the total revenue of pepper export by Malaysia was reported to have reached USD 35.2 Million, recording a decrease by 30% as compared to 2018. The average price of the total pepper exported by Malaysia in 2019 was reported at USD 3,086 per Mt for whole pepper and USD 6,743 per Mt for ground pepper or a decrease by 18% for whole pepper and an increase of 110% for ground pepper as compared with 2018.
Pepper from Malaysia is widely traded in Asia, Europe, America, Australia and Africa. In 2019, Malaysia's top 5 Country of destinations for its pepper were reported to be Japan with 3,599 Mt (a decrease of 6% as compared to 2018), China with 1,991 Mt (a decrease of 48%), Taiwan with 1,172 Mt (a decrease of 25%), Viet Nam with 820 Mt (a decrease of 41%) and South Korea with 635 Mt (a decrease of 16%). The significant decrease of export to China was the result of China starting to shift importing pepper from other origins such as Indonesia and Viet Nam instead of Malaysia (an increase of 4,534 Mt and 2,617 Mt respectively as compared to the same period in 2019).

 

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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VIETNAM-Farmers, businesses struggle as pepper, cashew prices drop

VNA Tuesday, April 07, 2020 11:13



HCM City (VNS/VNA) - The price of pepper and cashew in southern Vietnam is falling as demand has dropped due to the COVID-19 crisis, affecting farmers and businesses.

Currently, the price of pepper in the Central Highlands and southern Vietnam is 34,500–37,500 VND (1.46–1.58 USD) per kilo, the lowest in the past few years.

Ba Ria – Vung Tau province’s pepper is among the highest priced in the region, but its price dropped by 2,000 VND per kilo compared to last week.

The end of February also saw a 5 percent drop of pepper price in Vietnam compared to the end of January.

Hoang Phuoc Binh, deputy chairman of the Chu Se District Pepper Association in Gia Lai province, said that while the farming areas and output of pepper in Vietnam and other countries have risen greatly over the years, demand for pepper has only increased by 2–2.5 percent each year.

The current supply of pepper is large since farmers in large farming areas have been wrapping up their harvest. But the COVID-19 pandemic is causing global market demand lower, so prices are dropping.

Farmers are losing 15,000 VND per kilo as they have had to sell at a low price to have enough money for workers' salaries and equipment.

Pepper export turnover in the first three months of the year was 156 million USD, 18 percent lower year-on-year.

Meanwhile, the price of cashew in southern provinces is 18,000–19,000 VND per kilo, which is about 10,000 VND lower than the beginning of the year.

Unfavourable weather has also dragged down the quality of cashews.

Some farmers are chopping down their cashew crop to switch to growing something else, while cashew processing businesses are also struggling with limited global demand.

Pham Van Cong, chairman of the Vietnam Cashew Association, said that exports and the price of cashew will drop greatly within the year, and that the industry’s 2020 goal of 4 billion USD in export turnover will have to be reevaluated.

Cashew factories have been urged to slow down their transactions, keep up to date with the market, and pay more attention to product quality.

The association, however, noted that demand would not be dramatically low since cashews are considered a nutritious food, and that businesses should not be too pessimistic./.

VNA
https://en.vietnamplus.vn/

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VIETNAM -PEPPER MARKET UPDATE 6TH APRIL 2020 – WEEK 15

First half of March 2020, Vietnam has exported pepper reached 16,689 tons with a turnover 35.21 million USD. Pepper exported in the first 2.5 months reach 57,128 tons, up 5.75% in quantity but down 11.24% in value over the same period last year. The average export price reached 2,110 USD/ton, down 5.25% compared to the average export price of February 2020.

In March, export reached 34,000 tons, bringing the total export volume in the first 3 months of 2020 to approximately 75,000 tons (same period in 2019 was 72,726 ton). This is very impressive record of Vietnam's pepper exports although the export volume to China decreased by over 10,000 tons in the first 3 months because influence of Covid 19. Details of export/import data each country, we will update and send you in the coming week.

At present, Vietnam has basically finished harvested 2020 pepper crop. Farmers/domestic agents only offer a very small quantity to cover temporary costs and continue storage due to low prices. The price is attractive so many customer/exporters… considering to stockpile.

China has better control of Covid, so it has been actively buying large quantity from last week especially white pepper. In addition, the market continues to receive great demand from the USA/UAE for both prompt and further shipment that make market stable and uptrend. Vietnam's currency last week slightly stronger compared to USD but not stability.

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# CARDAMOM INDIA - Kerala With no auction, cardamom piles up

IDUKKI, April 03, 2020 23:23 IS

 

Sector faces uncertainty as crop prices are decided at auctions

The cardamom sector is facing a deadlock in the absence of auctions, with the main buyers in Mumbai abstaining from taking new orders for nearly a month. The produce is held up with farmers and small-scale traders, K.S. Mathew, director, Vandanmedu Green Gold Cardamom Producer Co. Ltd., told The Hindu on Friday.

There are 12 auctioneers at the Spices Park at Puttady under the Spices Board of India. As per the licensing agreement, the auctioneer has to pay the farmer the price of cardamom within 10 days of the auction. The traders and industrial units that purchase the produce have to pay the auctioneer the price within 21 days. The mechanism was going on unhindered with the daily auctions, he said.

Cardamom’s price is decided at the auctions, without which there is total uncertainty. The price would be known only when the auctions restart, Mr. Mathew said.

Last price

It is estimated that the traders have to pay the auctioneers more than ₹200 crore for the last two to four consignments in the auctions. When the auctions were stopped following the COVID-19 scare the price was at ₹3,500 per kg.

Marketing sources said prices could dip as the next crop, predicted to be a bumper one, is set to arrive in the market by June/July, and a major quantity produced in the last season has remained unsold. Moreover, the crop’s export prospects will depend on the stance of Saudi Arabia, the main buyer, sources said.

No buyers

The last harvesting season witnessed the highest ever prices quoted in the auctions, reaching up to ₹9,000 per kg.

The absence of trading has affected not only the plantations but also small-scale farmers. Lalichan, a farmer in Peerumade, said there were no buyers with small-scale hill produce merchants ceasing to buy cardamom. A trader had agreed to take the produce without making payment now. A meagre price was offered.
“How can one sell the produce without knowing the price and without being paid,” he added.

Giji K. Raman for
https://www.thehindu.com/news/national/kerala

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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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