IPC NKT REPORT No. 50/20, 7 -11 December 2020

 

MARKET REPORT

Market this week showed a mixed response. In local market, Malabar black pepper was reported with an increase of 1% when compared to the previous week at an average of USD 4,532 per Mt. Indonesia black pepper was reported with an increase of 1% as compared to the previous week averaging at USD 2,158 per Mt. Whilst, Indonesia white pepper was reported stable at an average of USD 3,962 per Mt. Malaysia black and white pepper were reported with an increase of 6% and 4% respectively as opposed to the previous week to an average of USD 2,304 per Mt for black pepper and USD 3,775 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with 1% deficit when compared to the previous week averaging at USD 2,358 per Mt. Whilst, Viet Nam white pepper was reported stable at an average of USD 3,468 per Mt. Sri Lanka black pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,985 per Mt. China white pepper was reported with an in crease of 7% as opposed to the previous week and was traded at an average of USD 5,169 per Mt locally.

INTERNATIONAL MARKET REPORT

International market showed a rather stable outlook as India black pepper was reported with the same increase of 1% when compared to the previous week at an average of USD 4,804 per Mt. Indonesia black pepper was reported with an increase of 1% as compared to the previous week, averaging at USD 2,631 per Mt. Whilst, Indonesia white pepper was reported stable averaging at USD 4,649 per Mt. 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 stable at an average of USD 2,815 per Mt, USD 2,896 per Mt and USD 4,385 per Mt respectively. China white pepper was reported with an increase of 6% when compared to the previous week and was traded at an average of USD 5,369 per Mt.