VIETNAM MKT UDATE No. 43/20, 19 - 23 October 2020 IPC

 

 

Market this week showed a mixed response. In local market, Malabar black pepper was reported stable with a marginal increase at an average of USD 4,383 per Mt. Indonesia black pepper was reported with an increase of 4% as compared to the previous week averaging at USD 2,039 per Mt. Whilst, Indonesia white pepper was reported with 1% deficit when compared to the previous week averaging at USD 3,636 per Mt. The decrease of Indonesian white pepper could be contributed to the ample supply in local market. Malaysia black and white pepper were reported with 3% and 2% deficit respectively as opposed to the previous week averaging at USD 2,180 per Mt for black pepper and USD 3,626 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 2% and 4% respectively as opposed to the previous week to an average of USD 2,131 per Mt for black pepper and USD 2,958 per Mt for white pepper. Sri Lanka black pepper was reported with 2% deficit as compared to the previous week and was traded at an average of USD 2,996 per Mt. China white pepper was reported with significant increase of 8% when compared to the previous week and was traded at an average of USD 4,513 per Mt Locally.

International market also showed a mixed response. India black pepper was reported stable with a marginal increase at an average of USD 4,655 per Mt. Indonesia black pepper was reported with an increase of 4% as compared to the previous week at an average of USD 2,488 per Mt. Whilst, Indonesia white pepper was reported with 1% deficit as compared to the previous week averaging at USD 4,276 per Mt. Malaysia black and white pepper were reported with 2% and 1% deficit respectively when compared to the previous week at an average of USD 3,725 per Mt for black pepper and USD 4,940 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged. China white pepper was reported with an increase of 7% as opposed to the previous week and was traded at an average of USD 4,713 per Mt internationally.