IPC PEPPER MKT REPORT No. 13/21, 22 - 26 March 2021

 

 

 No. 13/21, 22 - 26 March 2021

LOCAL MARKET REPORT

Market this week showed a rather positive response with only Viet Nam local price was reported with a decrease. In local market, Malabar black pepper was reported with an increase of 1% when compared to the previous week, averaging at USD 4,980 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 12% respectively when compared to the previous week, averaging at USD 2,699 per Mt for black pepper and USD 5,295 per Mt for white pepper. The increase of Indonesian pepper price could be contributed to the increase of demand following Viet Nam's short and the limited stock. Malaysia black and white pepper were reported with an increase of 2% and 1% respectively as compared to the previous week, averaging at USD 2,559 per Mt for black pepper and USD 3,991 per Mt for white pepper. After experiencing significant increase in the last five weeks, Viet Nam farm gate price of black and white pepper were reported with 4% and 2% deficit respectively as compared to the pr evious week, averaging at USD 2,997 per Mt for black pepper and USD 4,716 per Mt for white pepper. Furthermore, Sri Lanka black pepper was reported with an increase of 10% as compared to the previous week and was traded at an average of USD 3,341 per Mt. China white pepper was reported with an increase of 10% as opposed to the previous week and was traded at an average of USD 6,134 per Mt locally.

INTERNATIONAL MARKET REPORT

International market was reported with a positive outlook as India black pepper was reported with the same increase of 1% when compared to the previous week, averaging at USD 5,256 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 12% respectively when compared to the previous week, averaging at USD 3,245 per Mt for black pepper and USD 6,132 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 2% and 1% respectively as compared to the previous week, averaging at USD 4,010 per Mt for black pepper and USD 5,360 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. China white pepper was reported with an increase of 9% as opposed to the previous week and was traded at an average of USD 6,334 per Mt.

US market since last week was reported to highly fluctuate and behave uncontrollable due to cargo situation as well as the lack of offer. Muntok white pepper in US Market for CF April/May was reported at USD 6,100 per Mt.