IPC PEPPER MKT UPDATE No. 46/20, 9 - 13 November 2020

LOCAL MARKET REPORT

Market this week was reported with a positive outlook as only China was reported stable. In local market, Malabar black pepper was reported with an increase of 2% when compared to the previous week at an average of USD 4,403 per Mt. Indonesia black and white peppers were reported with an increase of 4% and 3% respectively as compared to the previous week averaging at USD 2,140 per Mt for black pepper and USD 3,838 per Mt for white pepper. The increase of Indonesia pepper could be contributed to the strengthening of Indonesian Rupiah against US Dollar (IDR 14,134 @ USD 1), an appreciation by 3% recorded. Malaysia 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 2,139 per Mt for black pepper and USD 3,596 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 6% respectively as opposed to the previous week to an average of USD 2,337 per Mt for black pepper and USD 3,210 per Mt for white pepper. 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 2,982 per Mt. China white pepper was reported stable and unchanged.

INTERNATIONAL MARKET REPORT
International market also showed a positive outlooks as India black pepper was reported with the same increase of 2% when compared to the previous week at an average of USD 4,673 per Mt. Indonesia black and white pepper were reported with an increase of 4% and 3% respectively as compared to the previous week averaging at USD 2,610 per Mt for black pepper and USD 4,551 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 reported with an increase of 5%, 4% and 3% respectively as opposed to the previous week to an average of USD 2,775 per Mt, USD 2,856 per Mt and USD 4,345 per Mt respectively. China white pepper was reported stable and unchanged internationally.