LOCAL MARKET
Market this week was reported with a positive outlook. In local market, Malabar black pepper was reported with an increase of 1% when compared to previous week at an average of USD 4,245 per Mt. Indonesia black pepper was reported stable with a marginal change at an average of USD 2,021 per Mt whilst Indonesia white pepper was reported with an increase of 3% when compared to the previous week averaging at USD 3,570 per Mt. The increase of Indonesia white pepper continued to be contributed to the lack of supply whilst demand strong. Malaysia black and white peppers in local market were reported stable with a marginal increase to an average of USD 2,395 per Mt for black pepper and USD 3,766 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as opposed to the previous week averaging at USD 2,012 per Mt whilst Viet Nam white pepper was reported stable averaging at USD 2,830 per Mt. Sri Lanka black pepper was reported with an increase of 2% as compared to the previous week and was traded at an average of USD 2,917 per Mt. China white pepper traded at an average of USD 4,085 per Mt locally.
INTERNATIONAL MARKET
International market also showed a positive outlook as India black pepper was reported with the same increase of 1% when compared to the previous week at an average of USD 4,512 per Mt. Indonesia black pepper was reported stable at an average of USD 2,466 per Mt whilst Indonesia white pepper was reported with an increase of 2% when compared to the previous week averaging at USD 4,200 per Mt. Malaysia black and white pepper were reported 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 when compared to the previous week averaging at USD 2,470 per Mt, USD 2,551 per Mt and USD 3,990 per Mt respectively. China traded its white pepper at an average of USD 4,285 per Mt internationally.