IPC PEPPER MKT REPORT No. 26/20, 22 - 26 June 2020

LOCAL MARKET REPORT
Market this week showed mixed response as only Viet Nam and Sri Lanka origins were reported with a decrease. In local market, Malabar black pepper was reported stable at an average of USD 4,153 per Mt. Indonesia black and white pepper were reported with an increase of 3% and 1% respectively as opposed to the previous week averaging at USD 2,250 per Mt for black pepper and USD 3,164 per Mt for white pepper. The increase of Indonesia pepper locally could be contributed to the increase of demand as the price of Indonesia black and white pepper increased to an average of IDR 32,000 per Kg from IDR 31,000 per Kg in previous week for black pepper and IDR 45,000 per Kg from IDR 44,500 per Kg in previous week for white pepper. Malaysia black and white pepper in local market were reported with an increase of 4% and 2% respectively as compared to the previous week at an average of USD 1,909 per Mt for black pepper and USD 3,275 per Mt for white pepper. In contrast, Viet Nam black and white pep per were reported with 4% and 7% deficit respectively as opposed to the previous week averaging at USD 2,042 per Mt for black pepper and USD 2,854 per Mt for white pepper. Sri Lanka black pepper was reported with 2% deficit when compared to the previous week and was traded at an average of USD 2,643 per Mt. 

INTERNATIONAL  MARKET 
International market showed a similar trend as the local market. India black pepper was reported stable at an average of USD 4,417 per Mt. Indonesia black and white pepper were reported with an increase of 3% and 1% respectively as compared to the previous week averaging at USD 2,735 per Mt for black pepper and USD 3,757 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 2% and 1% respectively when compared to the previous week averaging at USD 3,420 per Mt for black pepper and USD 4,870 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with 3%, 3% and 1% deficit respectively as opposed to the previous week averaging at USD 2,408 per Mt, USD 2,488 per Mt and USD 3,760 per Mt respectively. 

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