DAILY PRICES 01-12-2022

Sources USD/MT   %
Lampung Black Pepper 3806.00 0.79%
Muntok White Pepper 5995.00 0.80%
Brazil Black Pepper ASTA 570 2625.00 - 0.00%
Viet Nam - Black Pepper 500g/l 3150.00 - 0.00%
Viet Nam - Black Pepper 550g/l 3250.00 - 0.00%
Vietnam - White Pepper 4600.00 - 0.00%


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EXECUTIVE DIRECTOR'S MESSAGE

My dearest International Pepper Community Family,

Assalammualaikumwarahmatullahiwabarakatuh and I hope you are doing well and are safe.

It has been my privilege and honour to lead the IPC Secretariat for more than a year now. For me personally, it has always been a wonderful start to an exciting journey in the pepper industry. I like to think there are positives to be drawn from the issues and challenges we have found ourselves in the industry. The displays of kindness, empathy, and perseverance that our entire IPC family has demonstrated has made us stronger, more resilient, more caring and more agile than ever before.

As we are closing in to the penultimate month of 2022, the world undergoes variety of developments. The dreading global pandemic of COVID-19 which started in late 2019 has only started to ease up as we see more and more countries treating COVID-19 as an endemic and opening their border fully. Thus, ignite the sparks of tourism and traveling to a new height.

However, despite the great news of the improvement of the global pandemic of COVID-19, the world must prepare themselves of the looming threat of the global recession in 2023 which inadvertently slow down economic growth. We are now facing a major turning point in the global economy and society that will change the way we all do business including the pepper industry. As for the 3rd Quarterly Report (QR3) 2022 for the global pepper industry, the interest rates continue to rise to tame the inflation, war in Ukraine pushes price of essential commodities, the European energy crisis and global credit crunch have caused most currencies of consuming countries to depreciate which has led to higher cost of import.

These factors and the fact that China still implements the zero-COVID policy with lockdowns has caused demand erosion for pepper. Furthermore, along with the convergence of Brazil and Indonesian harvest, the unsold Viet Nam’s inventory following the China’s lockdown as well as the demand of the western European and US being covered, the global pepper industry expects bearish sentiment.

The global pepper supply is expected to be on the safe side as harvest record reported by Brazil and surplus of the end of the year stock which devalue the price of pepper. As we are heading towards the new crop in 2023, it would be best to take extra care in estimating the condition. It is best to pay more attention on the demand as the supply expected to be on the plus side. During this condition, it is of the view of the IPC that it is recommended to move forward by selling and buying in tranches instead of extreme speculating.

Furthermore, as you may be aware of that China as one of the highest pepper consumers in the world has greatly influence the pepper movement with the lockdown implementation. It is with high hope that China will lift the lockdowns and start buying pepper. Let’s use this opportunity to maintain the promotion of pepper across the markets in order to boost the consumption so as to offset the surplus inventory caused by China. For full report of the QR3 2022 and other related information on the global pepper industry, please subscribe to our website.

With all the current situation and outlook of the pepper industry this year, rest assured that IPC could not do so much if not supported by the Member Countries and all of the crucial stakeholders of the pepper industry. Let’s join hands to work together in making sure the sustainability of the pepper industry and the prosperity of all stakeholders.

We look to you for guidance and advice on how we in the Secretariat can better support all the IPC Member Countries and all Stakeholders as we still have a long road to travel in order to sustain the global pepper industry.

50 years of Transformation. Together We Are Stronger. We will overcome challenges in the pepper industry with strength and resilience.

Sincerely and Salam Hormat,


Firna Azura Ekaputri Hj. Marzuki

MARKET REPORTS

No. 47/22, 21 - 25 November 2022

MARKET REPORT - KEY HIGHLIGHTS The market this week continued showing a mixed response with India and Sri Lanka reported with a decrease. Indian pepper price responded negative since last week which partially contributed to the weakening of the Indian Rupee against the US Dollar (INR 81.69 @ 1 USD), recorded 1% depreciation. Pepper price…

No. 46/22, 14 - 18 November 2022

MARKET REPORT - KEY HIGHLIGHTS The market this week continued showing a mixed response with only Malaysia local price reported with an increase. Indian pepper price responded negative this week. Pepper prices for Indonesia reported with a decreasing trend this week as less export due to lack of stock. Malaysian local price reported with an…

No. 45/22, 7 - 11 November 2022

MARKET REPORT - KEY HIGHLIGHTS The market this week continued showing a mixed response. Indian pepper price reported with an increasing trend this week which partially contributed to the strengthening of the Indian Rupee against the US Dollar (INR 81.30 @ 1 USD), recorded 2% appreciation. Pepper price for Indonesia reported stable this week as…

MARKET REVIEW - SEPTEMBER 2022

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in September 2022 show a mixed response with only China white pepper reported with an increase. IPC Price Index and Composite Price - The price index of pepper recorded a decreasing trend as price index of black pepper was reported with a significant drop by…

MARKET REVIEW - AUGUST 2022

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in August 2022 shows a mixed response with Indonesia recorded the highest increase. IPC Price Index and Composite Price - As US Dollar reached a 20-year historical high in August 2022, the price index of pepper recorded a mixed response as the Price Index of…

MARKET REVIEW - July 2022

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in July 2022 showed a mixed response with only Sri Lanka local price recorded with an increase. IPC Price Index and Composite Price - Price Index of pepper experienced a decreasing trend with price index of black pepper recorded a 2% deficit to 53.69 points…

GLOBAL PEPPER INDUSTRY 3RD QUARTERLY REPORT (JULY - OCTOBER 2022)

Current situation of Price, Supply & Demand, Outlook, Expectation & Opportunity, New Crop for 2023 and Key Takeaways Sources: Brazil, Unofficial source (Coreimex, CSG Trade) China: Hainan Pepper Association, China Spice Association India: Spices Board Govt. of India, AISEF, NCDEX, Indian Chamber of Commerce & Industry Indonesia: Unofficial source, Ministry of Agriculture Republic Indonesia Malaysia…

WORLD PEPPER INDUSTRY 2ND QUARTERLY REPORT (JAN -JUNE 2022)

Lockdowns, Currency Depreciation, Inflation, War, Demand Erosion, Rising Cost of Capital and Sanctions   Sources: Brazil, Unofficial source (Coreimex, CSG Trade) China: Hainan Pepper Association, China Spice Association India: Spices Board Govt. of India, AISEF, NCDEX, Indian Chamber of Commerce & Industry Indonesia: Unofficial source, Ministry of Agriculture Republic Indonesia Malaysia : Malaysian Pepper Board…

1st Quarterly 2022 Report

Structure of the Presentation A DEMAND B SUPPLY C PRICES D OUR VIEW           Sources: Brazil, Unofficial source (Coreimex, CSG Trade) China: Hainan Pepper Association, China Spice Association India: Spices Board Govt. of India, AISEF, NCDEX, Indian Chamber of Commerce & Industry Indonesia: Unofficial source, Ministry of Agriculture Republic Indonesia Malaysia…

SPECIAL ISSUE ON CARDAMOM, MARCH 2021

India Cardamom India produces a wide range of spices and holds a prominent position in world spice production. Because of the varying climates - from tropical to sub-tropical to temperate-almost all spices grow splendidly in India. In reality almost all the states and union territories of India grow one or the other spices. Under the…

Unpredictability of Viet Nam Pepper Price

As it was previously reported on March 15, 2020, Viet Nam pepper price has significantly kept increasing after Tet Holiday. Thus, making Viet Nam pepper market to be unpredictable as it affected processors, industrial manufactures and growers. Three weeks past Tet Holiday, Viet Nam black pepper price recorded an increase by 40% as compared to…

Viet Nam Pepper Prices Have Increased Significantly After Tet Holiday 2021

In the year 2020 due to Covid-19 global demand was subdued. Despite the global pandemic markets rose so it rises in a normal year should actually not be a surprise due to people are seeing normalization of markets combined with growth. However, International Pepper Community has concerned about Viet Nam pepper markets which have risen…

KEY PROJECTS

International Pepper Conference

International Pepper Conference

An annual international platform where top names of the industry convene.

Mobile App for Farmers

Mobile App for Farmers

An interactive mobile app to assist farmers in pepper cultivation equipped with market linkage

App   
Crop Report Analytics

Crop Report Analytics

A Visual tool to analyse the trend in production, exports, consumption, price movements, etc

  
Rejection Reports

Rejection Reports

Compilation of Rejections/Alert on pepper Consignments to the US and EU

  
DIREX: Country Regulations

DIREX: Country Regulations

A database of regulations followed by importing countries

  
Training Videos

Training Videos

Series of step-by-step training videos of pepper cultivation for farmers

  
Research & Dvpt. Product

Research & Dvpt. Product

Compilation of Research and Development products of IPC member countries to enhance pepper cultivation.

  
Recipes for Immunity

Recipes for Immunity

Top recipes from around the world that use black pepper and can improve your immunity

  

videos

The Celebration of IPC’S 50th Anniversary and International Pepper Day

The Celebration of IPC’S 50th Anniversary and International Pepper Day

Opening address by the Executive Director of the IPC

Opening address by the Executive Director of the IPC

Pepper Sector Value Chain – How to adapt to the New Norm?  by Mr. Giridhar Rao

Pepper Sector Value Chain – How to adapt to the New Norm? by Mr. Giridhar Rao

New Regulations for Black Pepper shipments to The US market by Ms. Laura Shumow

New Regulations for Black Pepper shipments to The US market by Ms. Laura Shumow

Pepper Supply and Demand for 2021/2022 by Mr. Jasvinder Singh Sethi

Pepper Supply and Demand for 2021/2022 by Mr. Jasvinder Singh Sethi

Global Scenario for the Pepper Industry by Ms. Firna Azura Ekaputri Marzuki

Global Scenario for the Pepper Industry by Ms. Firna Azura Ekaputri Marzuki

Open Panel Discussion with Speakers

Open Panel Discussion with Speakers

Mrs Hoang Thi Lien, Executive Director, International Pepper Community

Mrs Hoang Thi Lien, Executive Director, International Pepper Community

Mr Ravindranath Balakrishnan, Vice President, Olam International ltd

Mr Ravindranath Balakrishnan, Vice President, Olam International ltd

Mr Giridhar Rao, Vice President Operations, Griffith Foods Inc

Mr Giridhar Rao, Vice President Operations, Griffith Foods Inc