IPC PEPPER MKT REPORT No. 18/21, 26 - 30 April 2021

 
LOCAL MARKET REPORT

Market showed a rather negative response. In local market, Malabar black pepper was reported with 2% deficit when compared to the previous week, averaging at USD 5,031 per Mt. Indonesia black and white pepper were reported with 4% and 1% deficit respectively when compared to the previous week, averaging at USD 3,280 per Mt for black pepper and USD 6,041 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 2% respectively as compared to the previous week, averaging at USD 3,292 per Mt for black pepper and USD 4,920 per Mt for white pepper. Furthermore, Viet Nam farm gate price of black and white pepper were reported with 6% and 5% deficit respectively as compared to the previous week, averaging at USD 2,699 per Mt for black pepper and USD 4,306 per Mt for white pepper. Sri Lanka black pepper was reported with 4% deficit as compared to the previous week and was traded at an average of USD 3,414 per Mt. China white pepper was reported with 1% defici t as opposed to the previous week and was traded at an average of USD 6,125 per Mt locally.

INTERNATIONAL MARKET REPORT

International market also showed a rather negative response as India black pepper was reported with the same 2% deficit when compared to the previous week, averaging at USD 5,300 per Mt. Indonesia black and white pepper were reported with 3% and 1% deficit respectively when compared to the previous week, averaging at USD 3,907 per Mt for black pepper and USD 6,965 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 1% and 2% respectively as compared to the previous week, averaging at USD 4,665 per Mt for black pepper and USD 6,120 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with 1% deficit respectively when compared to the previous week, averaging at USD 3,608 per Mt, USD 3,648 per Mt and USD 5,343 per Mt respectively. China white pepper was also reported with 1% deficit as compared to the previous week and was traded at an average of USD 6,325 per Mt. US market and trading house back to back order was reported stable and unchanged in the last two weeks. Muntok white pepper in US Market for CF May/June was reported at USD 6,900 per Mt.