IPC MKT REPORT 02/21, 4 - 8 January 2021

 

LOCAL MARKET

Market this week showed a mixed response with only India and Viet Nam black pepper FOB price was reported with a decrease. In local market, Malabar black pepper was reported with 1% deficit as compared to the previous week, at an average of USD 4,494 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively when compared to the previous week, averaging at USD 2,508 per Mt for black pepper and USD 4,157 per Mt for white pepper. Malaysia black and white pepper were also reported with an increase of 1% respectively as opposed to the previous week, to an average of USD 2,332 per Mt for black pepper and USD 3,822 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported stable, averaging at USD 2,259 per Mt for black pepper and USD 3,050 per Mt for white pepper. Sri Lanka black pepper was reported with an increase of 2% as compared to the previous week and was traded at an average of USD 2,849 per Mt. China white pepper was report ed stable and was traded at an average of USD 5,100 per Mt locally.

INTERNATIONAL MARKET

International market was also reported with a mixed response as India black pepper was reported with the same 1% deficit as compared to the previous week, at an average of USD 4,768 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively when compared to the previous week, averaging at USD 3,033 per Mt for black pepper and USD 4,869 per Mt for white pepper. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l and 550 g/l were reported with 1% deficit respectively as opposed to the previous week, averaging at USD 2,835 per Mt and USD 2,916 per Mt respectively. Whilst, Viet Nam white pepper were reported stable at an average of USD 4,405 per Mt. China white pepper was reported stable with a marginal increase and was traded at an average of USD 5,300 per Mt. 

 

 

 

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