IPC PEPPER MARKET UPDATE - No. 45/20, 2 - 6 November 2020

 

LOCAL MARKET REPORT

Market this week showed a mixed response as only Indonesia was reported with an increase. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week at an average of USD 4,335 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 2,065 per Mt for black pepper and USD 3,717 per Mt for white pepper. The increase of Indonesia pepper could be contributed to the strengthening of Indonesian Rupiah against US Dollar (IDR 14,529 @ USD 1), an appreciation by 1% recorded. Malaysia black and white pepper were reported stable with a marginal increase and was traded at an average of USD 2,123 per Mt for black pepper and USD 3,569 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported stable at an average of USD 2,215 per Mt for black pepper and USD 3,041 per Mt for white pepper. Sri Lanka black pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,899 per Mt. 

INTERNATIONAL MARKET REPORT

International market also showed a mixed response as India black pepper was reported with the same 1% deficit when compared to the previous week at an average of USD 4,603 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 2,520 per Mt for black pepper and USD 4,369 per Mt for white pepper. 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 also reported stable and unchanged.