IPC REPORT - EXPORT OF PEPPER BY MADAGASCAR

 

EXPORT OF PEPPER BY MADAGASCAR

Madagascar, officially the Republic of Madagascar is an island country in the Indian Ocean, approximately 400 kilometers off the coast of East Africa. Madagascar is one of the producers of pepper in the world and actively export pepper to various countries.

In 2018, Madagascar was reported to have exported a total of 3,313 Mt of pepper which 90% or 2,986 Mt of it comprised of whole pepper and 10% or 328 Mt of it ground pepper. Madagascar on average exported a total of 276 Mt per month in 2018 which peaked in January with 538 Mt. The total revenue of Madagascar's export of pepper in 2018 was reported to be as high as USD 9.2 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 2,824 per Mt for whole pepper and USD 2,467 per Mt for ground pepper.

Year 2019 saw an increase in term of quantity of pepper exported by Madagascar. Madagascar was reported to have exported a total of 3,696 Mt which 98% or 3,639 Mt of it comprised of whole pepper and 2% or 57 Mt of it ground pepper, recording an increase of 12% when compared to 2018. The average export of pepper by Madagascar in 2019 was reported to be 308 Mt per month which peaked in October with 620 Mt. Although increasing in term of quantity, Madagascar's revenue from pepper export was reported with a decrease of 23% as compared to the previous year to a total of USD 7.1 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 1,919 per Mt for whole pepper and USD 2,079 per Mt for ground pepper or a decrease of 32% and 16% respectively as compared to 2018.

As of December 2020, Madagascar was reported to have exported a total of 4,578 Mt which 95% or 4,344 Mt of it comprised of whole pepper and 5% or 234 Mt of it ground pepper. Thus, recording an increase of 24% when compared to the same period in 2019. As of December 2020, the total revenue of pepper export by Madagascar was reported to have reached USD 8.6 Million, recording an increase of 22% as compared to the same period in 2019. The average price of the total pepper exported by Madagascar as of December 2020 was reported to be USD 1,961 per Mt for whole pepper and USD 670 per Mt for ground pepper or an increase of 2% for whole pepper and a decrease of 68% for ground pepper as compared to 2019.

Pepper from Madagascar is traded worldwide with most of them being Asian countries. As of December 2020, Madagascar's top 5 country destinations for its pepper were reported to be United Arab Emirates with 576 Mt (an increase of 31% as compared to the same period in 2019), Pakistan with 558 Mt (an increase of 77%), India with 459 Mt (an increase of 353 Mt), France with 389 Mt (stable and unchanged) and Egypt with 290 Mt (an increase of 4%)

IPC PEPPER MKT REPORT No. 07/21, 8 - 12 February 2021

 

MARKET REPORT

Today is New Year for many Asians:Happy Losar to Tibetan friends; Happy Tet to Vietnamese friends; Happy Seollal to Korean friends; and Happy Lunar New Year to Chinese friends. Wish you all a prosperous year 2021. Market this week showed a mixed response with only Sri Lanka black pepper was reported with a decrease. In local market, Malabar black pepper was reported stable at an average of USD 4,462 per Mt. Indonesia black and white pepper were reported stable, averaging at USD 2,429 per Mt for black pepper and USD 4,429 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 1% respectively as compared to the previous year, averaging at USD 2,487 per Mt for black pepper and USD 3,953 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported stable, averaging at USD 2,186 per Mt for black pepper and USD 3,048 per Mt for white pepper. Sri Lanka black pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,603 per Mt.

INTERNATIONAL MARKET REPORT

International market was reported with a rather positive outlook as India black pepper was reported stable at an average of USD 4,736 per Mt. Indonesia black and white pepper were reported stable, averaging at USD 2,941 per Mt for black pepper and USD 5,172 per Mt for white pepper. Malaysia black and white pepper were reported with an increase of 4% respectively as compared to the previous week, averaging at USD 3,850 per Mt for black pepper and USD 5,250 per Mt for white pepper. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged.

IPC PEPPER MKT REPORT No. 05/21, 25 - 29 January 2021

LOCAL MARKET REPORT

Market this week showed a mixed response. In local market, Malabar black pepper was reported stable at an average of USD 4,456 per Mt. Indonesia black pepper was reported stable, averaging at USD 2,484 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week, averaging at USD 4,329 per Mt. Malaysia black and white pepper were reported stable, averaging at USD 2,448 per Mt for black pepper and USD 3,917 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 2,186 per Mt. Whilst, Viet Nam white pepper was reported stable at an average of USD 3,047 per Mt. Sri Lanka black pepper was reported with 2% deficit as compared to the previous week and was traded at an average of USD 2,616 per Mt. China white pepper was reported stable and was traded at an average of USD 4,875 per Mt locally.

INTERNATIONAL MARKET REPORT
International market was also reported with a mixed response as India black pepper was reported stable at an average of USD 4,730 per Mt. Indonesia black pepper was reported stable at an average of USD 3,003 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week, averaging at USD 5,059 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% respectively as opposed to the previous week, averaging at USD 2,905 per Mt, USD 2,986 per Mt and USD 4,500 per Mt respectively. China white pepper was reported stable and was traded at an average of USD 5,075 per Mt.

USA and Europe markets were reported with less activity. Viet Nam searched for market by offering slightly lower price.

SPICES MARKET UPDATE 25TH JAN 2021 – WEEK 4

 

VIETNAM SPICES MARKET UPDATE 18TH JAN 2021 – WEEK 3

 

 

PEPPER

Market opening this week firmer tone with good demand 
from EU/ASIA especially from China. 
Exporters covering for January shipment when crop coming slowly.

 

Regarding final Vietnam Customs data, pepper exports in 
December 2020 reached 20,742 tons, down 2,188 tons, 
or a decrease of 9.54% over the previous month but increased by 4,079 tons, 
which is 24.48% higher than the same period last year December 2019.

The value of pepper export turnover in December reached 57.40 million USD, 
down 3.09 million USD, or 5.10% lower than the previous month 
but increased by 17.24 million USD, or 42.93% higher than the same period last year.

Cumulative export volume of pepper for the whole year 2020 
reached 285,292 tons, up 1,002 tons, or 0.35% higher than 
the export volume of the whole year in 2019. 
However, the value of export turnover was only 660.57 million USD, 
a decrease of 53.58 million USD or 7.50% decrease compared 
to the export turnover of 2019.

VIETNAM PEPPER EXPORT FROM 2011 TO 2020
DATA			COMPARE WITH PREVIOUS YEAR ( %)
Year	Quantity (metric ton)	Value (usd)	Quantity	Value
2011	123,808	732,212,823	5.90	73.80%
2012	116,800	793,417,493	-5.70	8.40%
2013	132,955	889,775,618	13.80	12.10%
2014	155,125	1,201,308,259	17.00	35.10%
2015	123,619	1,260,815,866	-14.40	5.00%
2016	177,893	1,429,351,271	35.30	13.50%
2017	214,843	1,117,380,584	20.80	-21.80%
2018	232,769	758,878,043	8.30	-32.10%
2019	284,290	714,145,995	22.10	-5.90%
2020	285,292	660,568,955	0.40	-7.50%

 

VIETNAM SPICES MARKET UPDATE 11TH JAN 2021 – WEEK 1&2

 

PEPPER 

Pepper exports in December 2020 reached 23 thousand tons, worth 62 million USD, up 0.3% in volume and 2.5% in value compared to November.

Approximately pepper export in 2020 is estimated at 288 thousand tons, worth 665 million USD, up 1.2% in volume. The average export price is estimated at 2,313 USD/ton, down 7.9% compared to 2019.

Pepper prices from the first week of 2021 are being affected by the news of the Covid-19 epidemic and trade tensions between major countries.

Due to the closure of the countries due to Covid-19 and the political situation in the US and UK, the strained US-China relations affected goods greatly.

At this time, the low price caused speculators to increase buying, but the transaction was still quite bleak.

Vietnam's pepper prices in the short term will be quiet in the absence of supportive factors. The main reason for the recent price drop is the tension situation of the shipping charges and the shortage of containers. Many routes to EU/AFRICA/USA… increased galloping with an increase of 500-7,000 $ per container of export cargo. There is a 1000% increase in just 30 days with some destination in ASIA. This situation may continue, causing the fact that pepper produced in Vietnam cannot be exported much to other countries. Materials are clogged in production warehouses and at ports of destination because some shipping agents cancelled booking/increase price without reason.

Besides, the present time the key pepper province of Vietnam is Daknong province has starting the harvest season, so the export price of pepper lacks a supporting factor.

However, price of pepper at spot market up daily and many customer shortage stock to process because almost all waiting reduce for cost freight. We might be seen huge demand will come again in the market when freight/container space back to normal.

In the medium term, global pepper production will continue to decline as top producing countries do not implement new planting, while the maintenance of existing pepper farms is not focused, many pepper farmers are not growing also focus on profession because the price now not attractive to the farmer. If this situation continues in the next years, the price of pepper will tend to increase in 2021 & 2022.

The exchange rate of Vietnam currency in 2021 is forecast to be about 2% stronger than USD, which will also an increase price in exports from Vietnam compared to previous years.

 

India
India's pepper production in 2021 is likely to be significantly lower than in 2020, The reason is that the cultivation and production of pepper is affected by erratic climate, typically strong winds and heavy rain in Idukki, Wayanad, Coorg districts and some areas in Karnataka state. Currently, the new harvest on the farms is coming. However, many farmers are delaying the harvesting process due to unfavorable weather.

CASSIA 
The market continues to grow strongly when demand is high but inventories have decreased rapidly. Raw material prices are forecasted to continue to rise as demand is high from the EU/USA and ASIA.

 

STAR ANISE

The market increased rapidly due to strong demand, in addition to a serious crop failure in spring due to storms and droughts. It is expected that the price of anise will continue to increase in 2021 while there is very little inventory.

CHECK FOR LATEST PRICES & OFFERS HERE:
https://offers-peppertrade.blogspot.com

 

IPC MKT REPORT 02/21, 4 - 8 January 2021

 

LOCAL MARKET

Market this week showed a mixed response with only India and Viet Nam black pepper FOB price was reported with a decrease. In local market, Malabar black pepper was reported with 1% deficit as compared to the previous week, at an average of USD 4,494 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively when compared to the previous week, averaging at USD 2,508 per Mt for black pepper and USD 4,157 per Mt for white pepper. Malaysia black and white pepper were also reported with an increase of 1% respectively as opposed to the previous week, to an average of USD 2,332 per Mt for black pepper and USD 3,822 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported stable, averaging at USD 2,259 per Mt for black pepper and USD 3,050 per Mt for white pepper. 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 2,849 per Mt. China white pepper was report ed stable and was traded at an average of USD 5,100 per Mt locally.

INTERNATIONAL MARKET

International market was also reported with a mixed response as India black pepper was reported with the same 1% deficit as compared to the previous week, at an average of USD 4,768 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively when compared to the previous week, averaging at USD 3,033 per Mt for black pepper and USD 4,869 per Mt for white pepper. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l and 550 g/l were reported with 1% deficit respectively as opposed to the previous week, averaging at USD 2,835 per Mt and USD 2,916 per Mt respectively. Whilst, Viet Nam white pepper were reported stable at an average of USD 4,405 per Mt. China white pepper was reported stable with a marginal increase and was traded at an average of USD 5,300 per Mt. 

 

 

 

CHECK FOR LATEST PRICES & OFFERS HERE:
https://offers-peppertrade.blogspot.com