MARKET REPORT
Today is New Year for many Asians:Happy Losar to Tibetan friends; Happy Tet to Vietnamese friends; Happy Seollal to Korean friends; and Happy Lunar New Year to Chinese friends. Wish you all a prosperous year 2021. Market this week showed a mixed response with only Sri Lanka black pepper was reported with a decrease. In local market, Malabar black pepper was reported stable at an average of USD 4,462 per Mt. Indonesia black and white pepper were reported stable, averaging at USD 2,429 per Mt for black pepper and USD 4,429 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 1% respectively as compared to the previous year, averaging at USD 2,487 per Mt for black pepper and USD 3,953 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported stable, averaging at USD 2,186 per Mt for black pepper and USD 3,048 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 2,603 per Mt.
INTERNATIONAL MARKET REPORT
International market was reported with a rather positive outlook as India black pepper was reported stable at an average of USD 4,736 per Mt. Indonesia black and white pepper were reported stable, averaging at USD 2,941 per Mt for black pepper and USD 5,172 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 4% respectively as compared to the previous week, averaging at USD 3,850 per Mt for black pepper and USD 5,250 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged.
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