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[WORLD PEPPER MARKET]  w34/18, 20 – 24 Aug 2018

MARKET REPORT

The market remained quiet with limited trading activity. In India and Sri Lanka however, price has moved up by 7%. Vietnamese offer weakened during the week due to limited demand. Sarawak black also eased marginally. In Lampung the price was reported stable, while in Bangka a marginal increase at local market was recorded. Selling pressure in Lampung and Bangka is less due to less output from current harvest.

From Vietnam it was reported that export of pepper up to July has reached 153,600 Mt valued at US$521 million, consisting of 138,000 Mt of black and 15,600 Mt of white pepper. When compared to the same period last year the export increased by 4.4% in quantity, but decreased 35,7% in value. The United States, China and India were the three largest importers of pepper from Vietnam. Together imported 40.85% of Vietnamese pepper export. Import of China from Vietnam increased fantastically this year from 8,260 Mt to 22,225 Mt. Import into India also increased by 3,864 Mt and to the United States increased by 1,944 Mt. Other markets such as Pakistan, Ireland, Germany, Netherlands, Spain, Ukraine and Poland, have also imported significant quantity.

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