VIETNAM - PEPPER MARKET UPDATE 15TH JUNE - WEEK 25

Pepper market week 24 was down in value of about 2.7% due to a collectors in Daksong (main pepper area) which has lost liquidity and unable to pay deeply in debts.

This cause to a lots of farmers/middlemans in a panic and forced to close the consignment of goods at other collectors warehouse to recover cash to avoid the risk of consignment, causing the price to drop quickly by 2.5% in 1-2 days (the material from 55,000 VND has dropped sharply about VND 53,500 as of today).

After the shock reduction, the market seems to have regained its balance and the upward trend/stable continues to be clearly shown by the increasing demand from oversea importers during the past week. Despite difficulties due to Covid - 19, the new price level has been firmly established because good demand from the EU/ASIA market.

Through a quick survey in raw material area, we would like to briefly outline the situation as follows;

-  Vietnam's inventory is still large. However, the current inventory is scattered from many different person such as;

+ Farmer households (estimated to hold 15-20% of inventory). We assess this stock has no selling pressure as it is concentrated among the wealthiest households. Farmers can stockpiling if prices go down. Its as frozen stock already.

+ Top 10 big exporters keeping around 25,000 tons. Other exporters around 10.000 tons more. Total exporters keeping 30,000 - 35,000 tons (We do not know how much quantity has been sold)

+ Four large domestic agents are holding about 20,000 tons at least.

+ Total exported within fitst 5 months 2020 reach 148.000 tons.

Therefore, regardless of the number of pepper crop production in Vietnam 2020, currently total quantity offering for export is not much available in the last 6 months of 2020.

- Its not much difference in the situation of the new crop 2021 such as drought or heavy rain, and there are also favorable weather areas and disadvantages… However, the main point is many farmers neglect and do not take care of pepper plantation as before because the current price is not attractive enough to take care and maintain. This may be the most important reason for a decrease in production in the coming seasons 2021.

We will have more surveys situation in August & another in October. We hope to give more useful and accurate information in the crop year 2020/2021.

Other information for reference;

- Brazil Currency fluctuations are very erratic with large amplitudes. Currently, inventory available for sale was negligible. Almost had to wait for a new crop at Para at the end of August/September.

- Indonesia It is forecasted that the crop size less by 20% and will be harvested by the end of July. Few boxes maybe available for August shipment for testing market.

- India Reopening again after long time lockdown due to Covid 19. India's market demand continues to increase compared to previous months.

- China Continued to participate in the market, but was less than in June due to the complicated situation of Covid-19. However, we expect more demand will coming in the next 1-2 weeks.

- America continued to participate in the market with orders delivered in the second half of 2020.

- Asia/EU We expect increase from the EU when other origin do not have big quantity for immediate shipment.

- Vietnam currency stronger than USD is foreseen.

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VIETNAM - PEPPER MARKET UPDATE 27TH APRIL 2020

APRIL 27 2020
In the first half of April, Vietnam has exported 18,067 tons so maybe quantity export in April will reach 37-38,000 tons, bringing the total export volume in the first 4 months around 119,094 tons, an increase of over 10% compared with the same period in 2019.

Pepper market opened today with a 1% price increase compared to the end of last week due to strong demand from the Chinese. Many domestic speculators increased stockpiling that make marker very steady. Farmer/middleman offering raw material slowly and keep watching continue.

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IPC - #PEPPER MARKET REPORT No. 16/20, 13 - 17 April 2020

LOCAL MARKET
Market this week showed a positive response with Indonesia origin reported with the highest increase. In local market, Malabar black pepper was reported stable averaging at USD 4,159 per Mt. Following the strengthening of the Indonesian rupiah against US Dollar by 4% as compared to last week's average, Indonesia black and white pepper were reported with an increase of 8% and 4% respectively as opposed to the previous week averaging at USD 1,591 per Mt for black pepper and USD 2,737 per Mt for white pepper. Malaysia's black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black and white pepper were reported with an increase of 1% respectively when compared to the previous week and was traded at an average of USD 1,594 per Mt for black pepper and USD 2,381 per Mt for white pepper. As a result of the strengthening of Sri Lankan Rupee against US Dollar, 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 2,732 per Mt. China white pepper was reported with a slight increase of 1% and was traded at an average of USD 4,263 per Mt locally.

INTERNATIONAL MARKET

International market also showed a positive outlook as only India and Malaysia origin were reported stable. India black pepper was reported stable at an average of USD 4,421 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 4% respectively as compared to the previous week averaging at USD 1,967 per Mt for black pepper and USD 3,258 per Mt for white pepper. Malaysia black and white pepper continued to be traded 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 2%, 2% and 1% respectively as compared to the previous week averaging at USD 2,090 per Mt, USD 2,120 per Mt and USD 3,020 per Mt respectively. China white pepper was reported with an increase of 1% as opposed to the previous week and was traded at an average of USD 4,463 per Mt internationally.

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IPC MARKET REPORT - No. 15/20, 6 - 10 April 2020

As the total death from COVID-19 outbreak nearly reached 100,000 people, many countries enforced more rigorous measures in trying to lessen the spread of the Virus. Indonesia reportedly implemented a large-scale social restriction in their capital city which would last for the next two weeks, as market this week showed a mixed response. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week averaging at USD 4,177 per Mt. The decrease of Malabar black pepper price could be contributed to the weakening of Indian Rupee against US Dollar. Indonesia black and white pepper were reported with a slight increase by 1% respectively as opposed to the previous week averaging at USD 1,467 per Mt for black pepper and USD 2,628 per Mt for white pepper. The increase of Indonesia black and white pepper price could be contributed to the slight strengthening of Indonesia Rupiah against US Dollar. Malaysia's black and white pepper were reported stable aver aging at USD 1,705 per Mt for black pepper and USD 3,059 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported stable and unchanged whilst Viet Nam white pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,347 per Mt. Following the significant weakening of Sri Lankan Rupee against US Dollar, Sri Lanka black pepper was traded with a 4% deficit as opposed to the previous week at an average of USD 2,660 per Mt. China white pepper was reported with an increase of 1% and was traded at an average of USD 4,239 per Mt locally.
In contrary, international market showed a rather positively outlook with only India origin recorded a deficit. India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,440 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as compared to the previous week averaging at USD 1,819 per Mt for black pepper and USD 3,129 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, contrary to local price, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with an increase of 4%, 3% and 2% respectively as compared to the previous week averaging at USD 2,050 per Mt, USD 2,080 per Mt and USD 2,980 per Mt respectively. China white pepper was reported with an increase of 1% as opposed to the previous week and was traded at an average of USD 4,439 per Mt internationally. 

VIETNAM - PEPPER MARKET UPDATE 13TH APRIL 2020 – WEEK 16

Global pepper market is forecast to be slow due to affected by COVID-19.
Disease movements are still complicated, especially in the US&Europe - the major pepper markets in the world, will cause less import demand. The global pepper market maybe continue  faces disrupted supply due to social isolation requirements and restrictions on clearance of cargo from many countries around the world.

Through a quick inspection again with Customs & Department of Agriculture and Rural Development, Vietnam has exported up to 42,330 tons of pepper in March (higher than the figures we forecast last week over 8.000 tons). The first quarter 2020 export reached 83,246 tons that increasing by 12.6% compare with the same period in 2019 (exported 72,726 tons). This is new records from Vietnam and very impressive for everybody too.

March also recorded a sharp increase in imports to more than 10,000 tons from Chinese, it’s biggest quantity was imported within 1 month from China until now. Details of export/import data each country, I will try to analyze and send you within end this week.

Pepper market opening today with less offer from domestic suppliers. Market very steady and China continue buying beside other countries like ASIA/USA/EU.

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EXPORT OF PEPPER BY SINGAPORE

Singapore, officially the Republic of Singapore, is an island city-state in Southeast Asia. Although Singapore is not part of pepper producing country, Singapore exported a significant amount of pepper to the rest of the world.

In 2018, Singaporewas reported to have exported a total of 4,807 Mt of pepper from which 84% or 4,024 Mt of it comprised of whole pepper and 16% or 783 Mt of it ground pepper. Singapore on average exported a total of 401 Mt per month in 2018 which peaked in May with 699 per Mt. The total revenue of Singapore's export of pepper in 2018 was reported to be as high as USD 21.9 Million. Thus, recording an average price of the total pepper exported by Singapore at USD 3,698 per Mt for whole pepper and USD 9,052 per Mt for ground pepper.

Year 2019 saw a decrease in term of quantity of pepper exported by Singapore. Singapore was reported to have exported a total of 2,023 Mt of which 97% or 1,963 Mt of it comprised of whole pepper and 3% or 60 Mt of it ground pepper, recording a decrease of 58% when compared with 2018. The average export of pepper by Singapore in 2019 was reported to be at 169 Mt per month which also peaked in May with 287 per Mt. In accordance with decreasing in terms of quantity, Singapore's revenue from pepper export was also reported to have decreased by 71% as compared to the previous yearto a total of USD 6.3 Million. Thus, recording an average price of the total pepper exported by Singapore at USD 3,092 per Mt for whole pepper and USD 4,935 per Mt for ground pepper or a decrease by 16% and 45% respectively as compared with 2018.

As of January 2020, Singapore was reported to have exported a total of 126 Mt which 124 Mt of it comprised of whole pepper and or 2 Mt of it ground pepper. Thus, recording a decrease of 53% when compared to same period in 2019. The total revenue of pepper export by Singapore was reported to have reached USD 476,000, recording a decrease by 49% as compared to the same period in 2019. The average price of the total pepper exported by Singapore as of January2020 was reported at USD 3,760 per Mt for whole pepper and 5,000 per Mt for ground pepper.

Pepper from Singapore is widely traded in Asia, America, Europe and Africa. As of January 2020, Singapore's top 5 Country of destinations for its pepper were reported to be Nepal with 25 Mt (a decrease of 50% as compared to the same period in 2019), United States of America with 25 Mt (a decrease of 50%), Viet Nam with 17 Mt (2019 NA), Spain with 15 Mt (2019 NA) and Bangladesh with 10Mt (2019 NA). The significant decrease of export to United States of America was the result of United States of America starting to shift importing pepper from pepper origins countries such as Viet Nam (an increase by55 Mt or 2% as compared to the same period in 2019) and India (an increase by 42 Mt or 11%).

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#PEPPER MARKET UPDATE 9TH MARCH 2020 – WEEK 11

Vietnam has exported roughly 25,600 tons of pepper in February, bringing the total pepper exported in the last 2 months to 40,600 tons, an increase of 11% compared to the first 2 months of 2019. We forecast March the total export volume will be easy to reach from 32 to 35,000 tons. All details data that we will collect and send you within next week.

Under the influence of #Corona Virus, the pepper market in Vietnam has had certain effects when prices decreased slightly over the weekend due to low demand and psychological factors affecting commodity prices. Furthermore, almost exporters covered enough raw material for Feb/First week March shipment and now keep sidelined.

After easier tone, the market has shown signs of recovery with some demand from India/Nepal and Eastern Europe. The USA market also recorded some demand for further shipment from June to December. However, business were slow due to collector/exporters/speculator prefer to offer promptly shipment and hesitating to offer full year shipment. In contrast to many other countries, Vietnam currency has strengthened against the USD and expected to continue until the second quarter of 2020 (equivalent to a price increased of about 10$/Mt).

China It seems has better control of the disease and we hope the situation will settled down soon. Border traded still tight and under strict control with costly. However, likely demand are returning soon. China reported trading its white pepper internationally with an average of USD 4,375 per Mt.

India as the harvest come to full swing Malabar black pepper was traded with a 4% discount on the price as compared to the previous week, averaging at USD 4,203 per Mt. Currency depreciation than USD from  last week.

Indonesia black and white pepper also down around 1 and 2% respectively at an average of USD 1,684 per Mt for black pepper and USD 3,053 per Mt for white pepper. Indonesian Rupiah also weakening than USD with 2% depreciation.

Malaysian an increase of 1% as opposed to the previous week, averaging at USD 1,767 per Mt for black pepper and USD 3,172 per Mt for white pepper.

Sri Lanka was also reported steady at an average of USD 2,937 per Mt.

Brazil market we heard continue firm and less offer from farmers/collectors. USD stronger against with Real.

 









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#PEPPER #INDIA - Pepper imports from Brazil worry Indian growers

Kochi March 03, 2020

 #Coronavirus
Spice meet put off on virus scare

Pepper farming community has voiced concern over the presence of Brazilian pepper in India. It is reported that markets in Rajasthan, Gujarat, Delhi and Maharasthra are getting Brazilian pepper for re-export at ₹340 +GST paid and freight delivered at the buyer’s doorstep.
The price of Indian pepper comes to around ₹360. Traders claim Brazilian pepper has 600 gm/litre bulk density.

According to Kishore Shamji of Kishor Spices, pepper farmers are worried over the new entrant into the Indian markets, which is selling below the Vietnam pepper prices. The latter rules at $2,000 per tonne against the Brazilian pepper’s $1,800-1,900. It is estimated that over 600 tonnes of Brazilian pepper were imported into the country during December and January.

Normally, Vietnam bolder berries would slip into the domestic market as No 13 quantity that had snatched away Wayanadan and Karnataka pepper share from the domestic market.

Meanwhile, pepper prices in Kochi were down by ₹1 per kg with limited sellers from Kerala. The arrivals in the market was lower at 13 tonnes. The average price realised for ungarbled varieties was ₹308 per kg, while MG1 garbled stood at ₹328. New pepper was quoted at ₹298.
However, traders expect arrivals to pick up in the coming days, mainly from Wayanad and Karnataka, to be followed by Tamil Nadu.

Meanwhile, the coronavirus scare has forced organisers in Kochi to postpone the International Spice Conference 2020 slated to be held from March 8 to 11.
The organisers pointed out that many of the delegates from countries such as Italy, Europe, West Asia have informed their inability to attend the meet.

V Sajeev Kumar
The HinduBusinessLine

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#PEPPER #INDIA - Limited offtake drives pepper prices down

Kochi  March 02, 2020

Limited offtake by end-users and improved arrivals hammered pepper prices down by ₹8 a kg in Kochi last week.

The market was also down by ₹1 on Monday on the arrival of 72 tonnes and the average price realised was ₹309 for ungarbled varieties. MG1 garbled variety was quoted at ₹329, while new pepper stood at ₹299.

According to Kishore Shamji of Kishor Spices, pepper from Coorg and Wayanad with moderate demand from end-users was sold. Dealers from Delhi, Uttar Pradesh and Madhya Pradesh were not buying because of riots in the capital city.

However, cold conditions in northern India is keeping demand stable. Consumption in the domestic market has gone up to 5,000-6,000 tonnes a month, which could be met by domestic production, he said.

Shamji said imports from Sri Lanka have come down to 69 tonnes in January. February figures are yet to be known. However, traders voiced concern over the reported move by Sri Lanka and Vietnam to impress upon Indian government to withdraw the minimum import price imposed on pepper, which would enable these countries to dump their produce in the domestic market.

Though arrivals from Karnataka and Wayanad have picked up, traders said availability of Karnataka pepper was limited with good buying interest for pepper with bulk density above 550gm per litre.

A section of the trade speculates that the market is likely to drop to ₹250 per kg in Rajasthan and Madhya Pradesh on higher production, Shamji said.

V Sajeev Kumar
The HindubusinessLine

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#BLACKPEPPER -IPC MARKET REPORT

No. 07/20, 10 - 14 February 2020

MARKET REPORT
Market this week showed a mixed response with a rather negative outlook as only India origin was reported with an increase. In local market, Malabar black pepper was traded with an increase of 1% as compared to the previous week with an average of USD 4,382 per Mt. Indonesia black and white pepper was reported stable at an average of USD 1,753 per Mt for black pepper and USD 3,141 per Mt for white pepper. Malaysian black and white pepper were traded domestically with a 2% and 1% deficit respectively as opposed to the previous week averaging at USD 1,820 per Mt for black pepper and USD 3,239 per Mt for white pepper. Furthermore, the ongoing harvest season in Viet Nam pushed Viet Nam black pepper to be traded with a 2% deficit as compared to the previous week at an average of USD 1,597 per Mt. Whilst, Viet Nam white pepper was reported steady with an average of USD 2,410 per Mt. Sri Lanka black pepper was traded with a 1% deficit as compared to the previous week at an average of USD 2, 916 per Mt.
International market followed similar trend in local market as only India recorded an increase. India was reported trading its Malabar black pepper internationally with the same increase of 1% as compared to the previous week at an average of USD 4,662 per Mt. Indonesia black and white pepper were reported stable with an average of USD 2,174 per Mt for black pepper and USD 3,740 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with a greater loss in international market and were traded with a 7%, 6% and 5% deficit respectively when compared to the previous week at an average of USD 1,900 per Mt, USD 2,000 per Mt and USD 3,000 per Mt respectively. The decrease of FOB price in Viet Nam could be contributed to China demand in recent week was static and it has an impact due to Viet Nam was the biggest supplier for China pepper market.
The Lunar New Year holiday which was followed immediately by the devastating outbreak of the Corona Virus have china market in the past 5 weeks were reported inactive as no business took place. Reports coming in from Hainan stating that people remain in their house and refraining from going out.

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#BlackPepper - First Report after Lunar New Year

Vietnam; exported in the first half of January 2020 around 9,496 tons of pepper and possible export over 16,000 tons in January. That will be less than the same period 2019 (exported 19,773 tons) because Vietnam has a long holiday from 23rd to the end of January 2020.

Pepper market in general has slightly decreased because the carryover is still available while the new crop has started to harvest. It is expected that after a week more Daklak area will start to harvest, Daknong starting fully swing during this time. The supply of material to the market to be quite abundant from now to the end of March 2020.

However, it is difficult to predict the price when the pepper price is already very low, many farmers are at a loss and do not take care of the pepper plantation as before.

Manufacturers and exporters are quite cautious and rarely sell big short as in previous years because this price is not attractive, the profit margin is too low while the risk is high.

India; According to Cogencis, Pepper harvest in Kerala state has officially started in January 2020, but the output and quality of pepper are low due to adverse weather. Crop size in 2020 is forecast to increase by 30% from last year to 61,000 - 62,000 tons due to favorable weather in Kerala state.

According to Indian experts, pepper prices may decrease in the period February - March after the states of Kerala and Karnataka in the main season.
Brazil:In Brazil the strong fluctuations in the exchange rate in the last week, has contributed to some discounts below the level of the last week.
Against this favorable news for the importer, a week of heavy rains in ES(Port of Vitoria), affected the harvest and the delivery of dry black pepper and the weather forecast for February is not favorable
Further, the short availability of free containers and complicated documents processing are delaying contracted shipments.
The heavy rains cause a decrease in supply of pepper to local market, processors and exporters

It is generally understood that 60% to 70% of the ES crop has already been harvested.

Large consumer market;

China; Under the influence of the Corona virus and currently on the occasion of the Lunar New Year, almost all international border gates with Vietnam have closed. The quota trade with the pepper market was temporarily suspended. Demand for pepper from China, is expected to be very low/absent in the next 1-2 weeks.

America; High demand for whole year shipment, especially with delivery period in the second half of 2020. However, prices are not really attractive and risky, so some exporters in Vietnam are still hesitant.

Nepal & the Middle East; Great demand for 5mm bold berries pepper with immediate shipment while limited supply and raw material.

EU; Focus on buying with spot orders and not much quantity.

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Black pepper in Brazil January 17, 2019

This Thursday and Friday a "bunch"of enquiries was arriving for Brazilian Black Pepper, from different buyers (or agents) to different exporters all trying to  get cheap price.

Actually it is unknown the exact number of enquiries because one buyer usually asks 2 or 3 or 4 suppliers. They go to the market and create an illusion of a big demand.


Anyhow bids @1875, 1850 and even 1800 abound. However this fact has a contrary effect -such activity actualy turns the market stronger, with some reliable exporters stepping out waiting how things will evolve next week.
This because beyond new orders, there are exporters that sold short at the end of the year and now try to cover their commitments.


All-in-one this situation signals an uprising trend in  Brazilian Pepper price.
With Vietnam beginning the new Year celebrations a clearer picture might be seen ofter 2 weeks time.
MW

IPC MARKET REPORT No. 01/20, 30 Dec. 2019 - 03 Jan 2020

LOCAL MARKET
Market at the end of 2019 and the beginning of 2020 showed mixed response with only Indonesia and Malaysia origins recorded an increase. In local market, Malabar black pepper was traded with a 1% deficit as compared to the previous week with an average of USD 4,627 per Mt. In local currency, Malabar black pepper was traded at an average of RS 330 per Kg. Indonesia black pepper was reported stable at an average of USD 1,761 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week averaging at USD 3,091 per Mt. The increase of Indonesia white pepper could be contributed to the increase of the price in local currency which averaging at IDR 43,000 per Kg. Malaysian black and white pepper recorded an increase of 1% respectively at an average of USD 1,860 per Mt for black pepper and USD 3,292 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with a 1% deficit as opposed to the previous week at an average of USD 1,738 per Mt. Whilst, Viet Nam white pepper was reported steady at an average of USD 2,626 per Mt. Sri Lanka black pepper continued to be traded with a deficit and this week by 3% as compared to the previous week at an average of USD 3,607 per Mt. China white pepper was reported stable at an average of USD 4,338 per Mt.

INTERNATIONAL MKT
International market showed a rather stable outlook this week with only Indonesia origin recorded an increase. FOB price of India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,907 per Mt. Indonesia black pepper was reported steady with an average of USD 2,181 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week with an average of USD 3,680 per Mt. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged. In international market China was reported steady with an average of USD 4,438 per Mt.

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IPC REPORTS -IMPORT OF PEPPER BY DENMARK

Denmark, officially the Kingdom of Denmark is a Nordic country. Denmark proper, which is the southernmost of the Scandinavian countries, consists of a peninsula, Jutland, and an archipelago of 443 named islands. Denmark actively imports pepper from various pepper producing countries for domestic consumption or for re-export.
In 2017, Denmark was reported to have imported a total of 1,122 Mt of pepper which 27% or 300 Mt of it comprised of whole pepper while 73% or 822 Mt of it was ground pepper. The average import by Denmark in 2017 was reported to be 93 Mt per month with the highest quantity recorded in July with 139 Mt. The total expenditure of pepper imported by Denmark was reported to be as high as USD 12.2 Million, recording an average price of the total pepper imported by Denmark at USD 11,083 per Mt for whole pepper and USD 10,905 Per Mt for ground pepper.
Year 2018 saw a decreasing trend in term of quantity of pepper imported by Denmark. Denmark was reported to have recorded a total of 1,071 Mt which comprised of 23% or 246 Mt of whole pepper and 77% or 825 Mt of ground pepper. Thus, recording a decrease of 5% as compared to the same period in 2017. On average Denmark was reported to have imported 89 Mt per month and peaked in April with 132 Mt. In accordance with decreasing in terms of quantity, Denmark's expenditure for pepper import was reported to have declined by 15% to a total of USD 10.4 Million, recording an average price of the total pepper imported by Denmark at USD 11,037 per Mt for whole pepper and USD 9,407 per Mt for ground pepper or a decrease by 0.4% and 14% respectively as compared with 2017.
Pepper import by Denmark as of June 2019 was reported with a decrease of 17% as compared with the same period in 2018, totalling at 460 Mt which comprised of 97 Mt of whole pepper and 363 Mt of ground pepper. The total expenditure of pepper import by Denmark as of June 2019 was reported with a decrease by 27% as compared to the same period in the previous year, totalling at USD 4.0 Million.
The top five countries of origins of Denmark's pepper both for whole and ground as of June 2019 were reported to be Germany with 225 Mt (a decrease of 7% as compared with the same period in 2018), Sweden with 83 Mt (an increase of 6%), Netherlands with 53 Mt (an increase of 464%), Spain with 43 Mt (an increase of 40%) and India with 12 Mt (a decrease of 48%). The significant decrease of Denmark import from India could be contributed that Denmark started to shift import to Netherlands as one of the re-export hub to European countries (an increase by 44 Mt as compared to the same period in 2018).

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