IPC PEPPER MKT REPORT No. 15/21, 5 - 9 April 2021

 

LOCAL MARKET REPORT

Market this week showed a rather positive response with only Viet Nam farm gate price 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 5,221 per Mt. Indonesia black and white pepper were reported with an increase of 6% and 4% respectively when compared to the previous week, averaging at USD 3,163 per Mt for black pepper and USD 6,256 per Mt for white pepper. The increase of Indonesian price could be contributed to the high demand despite the limited to none stock in farmer level. Malaysia black and white pepper were also reported with an increase of 6% and 4% respectively as compared to the previous week, averaging at USD 2,845 per Mt for black pepper and USD 4,259 per Mt for white pepper. Viet Nam farm gate price of black and white pepper were reported with 1% and 2% deficit respectively as compared to the previous week, averaging at USD 2,991 per Mt for black pepper and USD 4 ,628 per Mt for white pepper. Furthermore, Sri Lanka black pepper was reported with an increase of 4% as compared to the previous week and was traded at an average of USD 3,418 per Mt. China white pepper was reported stable and unchanged.

INTERNATIONAL MARKET REPORT

International market was reported with a rather positive outlook as India black pepper was reported with the same increase of 3% when compared to the previous week, averaging at USD 5,492 per Mt. Indonesia black and white pepper were reported with an increase of 5% and 4% respectively when compared to the previous week, averaging at USD 3,772 per Mt for black pepper and USD 7,204 per Mt for white pepper. Furthermore, Malaysia black and white pepper, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper as well as China white pepper were all reported stable and unchanged.