IPC PEPPER MKT REPORT No. 10/21, 1 - 5 March 2021

 

LOCAL MARKET REPORT

Market this week showed a mixed response with only Indonesia black pepper was reported with a decrease. In local market, Malabar black pepper was reported with an increase of 3% when compared to the previous week, averaging at USD 4,675 per Mt. Despite Farmers in Lampung were reported keeping hold of their crop, Indonesia black pepper was reported with 4% deficit when compared to the previous week, averaging at USD 2,339 per Mt. The decrease of Indonesia's black pepper also could be contributed to the weakening of Indonesia Rupiah against the US Dollar (IDR 14,322 @ USD 1), recording a 1% depreciation. Whilst, Indonesia white pepper was reported with a slight increase of 1% as compared to the previous week, averaging at USD 4,469 per Mt. Malaysia black and white pepper were reported stable, averaging at USD 2,484 per Mt for black pepper and USD 3,948 per Mt for white pepper. Viet Nam black and white pepper were reported with an increase of 8% and 15% respectively as compared to the p revious week, averaging at USD 2,420 per Mt for black pepper and USD 3,803 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 2,754 per Mt. China white pepper was traded at an average of USD 5,075 per Mt.

INTERNATIONAL  MARKET REPORT

International market was also reported with a mixed response as India black pepper was reported with the same increase of 3% when compared to the previous week, averaging at USD 4,948 per Mt. Indonesia black pepper was reported with 4% deficit when compared to the previous week, averaging at USD 2,835 per Mt. Whilst, Indonesia white pepper was reported with an increase of 1% as opposed to the previous week, averaging at USD 5,211 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 with an increase of 3%, 3% and 2% respectively as opposed to the previous week, averaging at USD 3,155 per Mt, USD 3,236 per Mt and USD 4,800 per Mt respectively. China white pepper was traded at an average of USD 5,275 per Mt.

US market as well as European markets were reported stable with a slight increasing trend. Muntok white pepper in US Market for CF March/April was reported in the range of USD 5.300 - 5,500 per Mt.