IPC PEPPER MKT REPORT No. 49/20, 30 November - 4 December 2020

LOCAL MARKET REPORT

Market this week was reported with a positive outlook. In local market, Malabar black pepper was reported with an increase of 1% when compared to the previous week at an average of USD 4,506 per Mt. Indonesia black pepper was reported stable averaging at USD 2,135 per Mt. Whilst, Indonesia white pepper was reported with an increase of 1% when compared to the previous week at an average of USD 3,953 per Mt. Malaysia black and white pepper were reported stable and were traded at an average of USD 2,167 per Mt for black pepper and USD 3,643 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 1% and 4% respectively as opposed to the previous week to an average of USD 2,391 per Mt for black pepper and USD 3,467 per Mt for white pepper. Sri Lanka black pepper was reported stable and was traded at an average of USD 3,013 per Mt. China white pepper was reported stable and unchanged.

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 4,777 per Mt. Indonesia black pepper was reported stable, averaging at USD 2,605 per Mt. Whilst, Indonesia white pepper was reported with an increase of 1% when compared to the previous week averaging at USD 4,638 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 as well as China white pepper were also reported stable and unchanged.

Pepper price in US market was reported with a decreasing trend as well as limited offers. Muntok white pepper in US Market for CF December/January was reported at USD 4.800 per Mt.