IPC PEPPER MARKET REPORT No. 18/20, 27 April - 1 May 2020

LOCAL MARKETS

Market this week showed a rather positive outlook as only India origin was reported with a decrease. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week averaging at USD 4,121 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as opposed to the previous week, averaging at USD 1,622 per Mt for black pepper and USD 2,823 per Mt for white pepper. The slight increase of Indonesia pepper could be contributed to the strengthening of Indonesian Rupiah against US Dollar (IDR 15,413 @ USD 1). Malaysia's black and white peppers were also reported with an increase of 1% respectively when compared to the previous week with an average of USD 1,701 per Mt for black pepper and USD 3,052 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as compared to the previous week at an average of USD 1,649 per Mt whilst Viet Nam white pepper was reported stable and unchanged. 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 2,680 per Mt. China white pepper was reported stable and unchanged.

INTERNATIONAL MARKET

International market also showed a rather positive outlook as only India origin was reported with a decrease. India black pepper was reported with the same 1% deficit when compared to the previous week at an average of USD 4,385 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as compared to the previous week averaging at USD 2,005 per Mt for black pepper and USD 3,358 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 also reported stable and unchanged. China white pepper was reported steady and also unchanged.
Trade activity in US market this week was reported with moving slow due to the pandemic of corona virus with a wishful prospect the next month business will recommence though grinder/trading house stock limited. 

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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. 17/20, 20 - 24 April 2020

LOCAL MARKETS
Market this week showed a mixed response with Sri Lanka origin was reported with the highest decrease. In local market, Malabar black pepper was reported stable averaging at USD 4,155 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as opposed to the previous week, averaging at USD 1,604 per Mt for black pepper and USD 2,791 per Mt for white pepper. Malaysia's black and white peppers were reported with 1% deficit respectively when compared to the previous week with an average of USD 1,690 per Mt for black pepper and USD 3,032 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 2% respectively when compared to the previous week and was traded at an average of USD 1,628 per Mt for black pepper and USD 2,431 per Mt for white pepper. Sri Lanka black pepper was reported with 5% deficit as compared to the previous week and was traded at an average of USD 2,592 per Mt. China white pepper was reported stable and was traded at an average of USD 4,275 per Mt locally.

INTERNATIONAL MARKET
International market showed a rather positive outlook as Indonesia and Viet Nam origin were reported with an increase. India black pepper was reported stable at an average of USD 4,416 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as compared to the previous week averaging at USD 1,983 per Mt for black pepper and USD 3,320per 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 2,130 per Mt, USD 2,160 per Mt and USD 3,060 per Mt respectively. China white pepper was reported steady and was traded at an average of USD 4,475 per Mt internationally.

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RAMADAN MUBRAK

Corona takes the sheen out of cardamom growers

Thiruvananthapuram, April 22 (IANS)

Kerala which leads the country with a giant share of 89 per cent of the total production of cardamom, is finding its growers in a difficult situation. The cardamom growers are reeling as COVID-19 has hit them very hard.
The growers sell their produce by participating in the auction, held at Bodinayakkanur in the Theni district of Tamil Nadu, which lies close to the Thekkady tourist location in the Idukki district in Kerala.
In Kerala, Idukki is the home of cardamom growers who own large and small holdings and the total area under cardamom cultivation is around 38,000 hectares.
Though there is an auction centre at Vandanmeddu in Idukki district, the auction centre in Bodinayakkanur is the single most popular centre, as far as the cardamom auction is concerned.
Speaking to IANS, Sunny Mathew, executive member of the Cardamom Growers Association said things are bleak and getting bad.
"Ours is a product which fetches the highest price when the colour of the cardamom is best and fresh. Any delay in getting the product out of our farms spells danger. Sadly it''s been a month now as the premier auction centre is closed. We have never ever had such a long delay and it comes at a time when the prices were looking bright," said Mathew, a grower and also an exporter.
Cardamom from Kerala farms is auctioned and it goes to north India and for exports.
The peak market for this high quality and popular spice, used for baking and cooking purpose across the globe, begins when the yield is taken from September and tapers in January.
"This time the production has come down from 28,000 tones, last year to around 18,000 tones. When production comes down, the price rises and in January this year a kilogram of cardamom touched Rs 3,000 and when the lockdown began it was around Rs 2,300," said Mathew.
With Bodinayakkanur now declared as a hotspot for Covid-19, things are going to be bad and it would prevent auctioneers and their agents to arrive there.
"We want the government to come to our support. The Spices Board should take our products and based on our cost of production, they should lift our stock. If it does not happen, then the production would be seriously affected this year, as we do not have funds to invest. Also liberal moratoriums with regards to interest waiver and repayment also should be there," said Mathew.
--IANS
sg/dpb

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VIETNAM - PEPPER MARKET UPDATE 20TH APRIL 2020 – WEEK 17

Pepper opening new week with uptrend and less raw material offer.
Huge demand from Chinese for prompt shipment especically white pepper. 
Price is under farmer cost with crop less than 2019 that encourage many domestic speculators/collectors buying and stockpile.
Exporters also covering short position for all commitment full year shipment 2020.

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IPC REPORTS - EXPORT OF PEPPER BY SPAIN

Spain, officially the Kingdom of Spain, is located in Europe with its continental European territory is situated on the Iberian Peninsula. Its territory also includes two archipelagoes: the Canary Islands off the coast of Africa, and the Balearic Islands in the Mediterranean Sea make Spain the only European country to have a physical border with an African country (Morocco). Furthermore, Spain actively imports pepper from various pepper producing countries for domestic consumption or for re-export.
In 2018, Spain was reported to have imported a total of 5,280 Mt which 90% of it comprised of whole pepper. In the following year, Spain import of pepper increased by 10%, totaling at 5,789 Mt. The ratio of Spain's import and export during 2018-January 2019 are 2:1 respectively. As of January 2020, Spain was reported to have imported a total of 553 Mt of which 226 Mt went for re-export purposes. The top five countries of origins of Spain pepper both for whole and ground for January 2020 were reported to be Viet Nam with 220 Mt, Brazil with 149 Mt, Ecuador with 49 Mt, Belgium with 31 Mt and India with 29 Mt.
In 2018, Spain was reported to have exported a total of 3,267 Mt of pepper from which 34% or 1,112 Mt of it comprised of whole pepper and 66% or 2,155 Mt of it ground pepper. Spain on average exported a total of 272 Mt per month in 2018 which peaked in May with 432 Mt. The total revenue of Spain's export of pepper in 2018 was reported to be as high as USD 14.6 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,419 per Mt for whole pepper and USD 4,516 per Mt for ground pepper.
Year 2019 saw a decrease in term of quantity of pepper exported by Spain. Spain was reported to have exported a total of 2,991 Mt of which 29% or 877 Mt of it comprised of whole pepper and 71% or 2,115 Mt of it ground pepper, recording a decrease of 8% when compared with 2018. The average export of pepper by Spain in 2019 was reported to be at 249 Mt per month which peaked in March with 379 Mt. In accordance with decreasing in terms of quantity, Spain's revenue from pepper export was also reported with a decreased by 23% as compared to the previous year to a total of USD 11.2 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,095 per Mt for whole pepper and USD 3,637 per Mt for ground pepper or a decrease by 7% and 19% respectively as compared to 2018.
As of January 2020, Spain was reported to have exported a total of 226 Mt which 24% or 55 Mt of it comprised of whole pepper and 76% or 171 Mt of it ground pepper. Thus, recording a decrease of 13% when compared to the same period in 2019. As of January 2020, the total revenue of pepper export by Spain was reported to have reached USD 764,000, recording a decrease by 20% as compared to the same period in 2019. The average price of the total pepper exported by Spain as of January 2020 was reported at USD 4,690 per Mt for whole pepper and USD 2,959 per Mt for ground pepper.
Pepper from Spain is widely traded in Europe, Africa and America. As of January 2020, Spain's top 5 Country of destinations for its pepper were reported to be Italy with 54 Mt (an increase of 122% as compared to the same period in 2019), France with 43 Mt (an increase of 71%), Portugal with 38 Mt (an increase of 259%), Egypt with 25 Mt (2019 N.A.) and United Kingdom with 10 Mt (an increase of 283%). 

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