The market continued to be quiet and price at most origin decreased further. Pepper harvest in Sri Lanka and Malaysia by and large has influenced the market. Pepper price in India, and Sri Lanka decreased marginally. In Indonesia and China the price also decreased, with very limited activity. In Viet Nam, price of black pepper is relatively stable, while fob price of white pepper decreased marginally
IMPORT OF PEPPER BY SOUTH KOREA
In the last few years import of pepper into South Korea increased year by year from 4,300 Mt in 2013 to 6,200 Mt in 2017. Out of total pepper imported by South Korea, around 8% was ground pepper. Around 80% of pepper imported by South Korea was from Viet Nam. Other sources like Malaysia, India and Indonesia also supplied pepper to South Korea. Although pepper harvest in Viet Nam is reported to remain high, but due to sufficient inventory, import of South Korea is estimated to be not more than achieved in 2017, even lower. An indication of this is shown by the import performance realized during the first four months of the year. During January – April 2018 import of pepper by South Korea was 1,920 Mt as against 2,470 Mt in the same period last year.