Friday, 18 May 2012 01:41 pm
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During March 2012, the Pepper Price Index increased by 16.97 points for black pepper and 3.90 points for white pepper (Table 1). The composite price of black pepper increased by 7.5% to USD 7,050 per MT from USD 6,561 in February 2012, while that of white pepper by 1.8% from USD 9,391 per MT in February 2012 to USD 9,557 in March 2012 (Table2).
BLACK PEPPER: Pepper prices at most producing countries experienced a slight decrease during the week, with the exception of Sri Lanka. The decrease was likely due to significant quantity of pepper from recent crop in Vietnam has entered the market. In HCMC, local price of pepper was at the level of VND 122,500 per kg, a slightly lower when compared to average price in the previous week, while for fob price remained stable at USD 6250 and USD 6,750 per mt for 500 g/ and 550g/ respectively.
BLACK PEPPER: During the week, market activity declined slightly, following May-day. On Monday, April 30, 2012, pepper price at domestic market in India recorded INR 36,300 per 100 kg, which is slightly lower compared to average price in the previous week prevailed at INR 37,000 per 100 kg. After the holiday price of pepper moved up to the level of INR 37 000 per 100 kg recorded on Thursday 3 May.
BLACK PEPPER: The market showed an improvement, especially in Vietnam. In the beginning of this week local price of pepper
rose to VND 23,500/kg, a significant increase of VND 4,500/kg from the price recorded at the last week’s close. The prices
remained unchanged until the end of the week. Fob price increased by USD 100/mt to the level of USD 6,150/mt for black
500g/l and USD 200/mt to the level of USD 6550/mt for black 550g/l recorded at the beginning of the week.
BLACK PEPPER: Domestic markets of producing countries showed a mixed response during the week, with limited activity. In Vietnam, local price increased from VND 115,500 per kg at the beginning of the week to VND 119,000 at the week’s close. Farmers continued to hold on the new material into stocks, while expecting to have better price in future. Pepper harvest in Vietnam will reach a peak in late April. In India, pepper price decreased to INR 36,000 per 100 kg at beginning of the week from INR 37,100 at the last week’s close.
