DAILY PRICES 28-09-2023

Sources	USD/MT		%
IPC doesn’t set the price of pepper; IPC has only showcased the prevailing price of pepper as reported from various origins and sources.
Brazil Black Pepper ASTA 570	3150.00	-	0.00%
Malaysia - Black Pepper Kuching ASTA	4900.00	-	0.00%
Malaysia - White Pepper ASTA	7300.00	-	0.00%
Viet Nam - Black Pepper 500g/l	3500.00	-	0.00%
Viet Nam - Black Pepper 550g/l	3600.00	-	0.00%
Vietnam - White Pepper	5100.00	-	0.00%

EXECUTIVE DIRECTOR'S MESSAGE

Bismillahirrahmanirrahim.

My dear International Pepper Community Family,

Assalammualaikumwarahmatullahiwabarakatuh and Greetings from the IPC Secretariat!

The International Pepper Community (IPC) holds regular Session and Meetings yearly which is hosted by the IPC member country on a rotation basis. Each member country is represented by a delegate with plenipotentiary authority to the Session. This year, the 51^st Annual Session and Meetings of IPC and International Spice Exhibition (51st IPC ASM ISE) will be hosted by the Government of Malaysia and jointly organized by the Ministry of Plantation and Commodities (MPC), Malaysian Pepper Board (MPB) and IPC at Pullman Hotel Kuching, Sarawak, Malaysia from 6 - 9 November 2023.

Following the peak of pepper price in 2015/2016, the global pepper production has continuously reported with a steady increasing trend which has caused the scale to greatly tip to one side. On average, in the past 5 years, the global pepper production has exceeded 500 KMT while the excess stock brought over balance for a 5-year calculation (2017 - 2021) averaging around 175 KMT. As result of the global oversupply of pepper, pepper price has fluctuated with a tendency of decreasing and has prolonged the unfavourable low prices of pepper. The imbalance of global pepper supply and demand has put pressure to the economy of the stakeholder of the pepper industry, especially pepper smallholders as they are burdened with a significant high cost of production and relatively low selling prices. In this regard, the need for increasing the global demand of pepper has been of great importance and ought to be seriously taken up by all the stakeholders of the pepper industry by encouraging more promotional campaign to increase the consumption of pepper both domestically and internationally as well as penetrating more unconventional consuming market to expand the pepper market. Thus, creating more opportunities for the advancement and sustainability of the global pepper industry.

As such, IPC take upon the theme of "Balancing the Global Pepper Supply and Demand - Alleviating Pressure on Prices" for the 51^st Annual Sessions and Meetings of the International Pepper Community. The 51^st ASM ISE is expected to be one of the largest ever conferences of the International Pepper Community.

Don’t miss out this opportunity and I hope to see you in Kuching, Sarawak soon!
#togetherwearestronger

REGISTER NOW

Thank you and kind regards.

Salam hormat,
Firna Azura Ekaputri Hj. Marzuki
Executive Director of IPC

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MARKET REPORTS

No. 38/23, 18 - 22 September 2023

MARKET REPORT - KEY HIGHLIGHTS The pepper market this week showed a rather negative response with no origins reported with an increasing trend. The Indian pepper price reported with a decreasing trend this week. Both local and international prices for Indonesian pepper reported stable this week. Both local and international prices for Malaysian pepper remained…

No. 37/23, 11 - 15 September 2023

MARKET REPORT - KEY HIGHLIGHTS The pepper market this week showed a mix response with only Malaysian local black pepper reported with an increase. The Indian pepper price reported stable this week. Indonesian black pepper reported stable since last week. Whilst, Indonesian white pepper continued to be reported with a decreasing trend for the last…

No. 36/23, 04 - 08 September 2023

MARKET REPORT - KEY HIGHLIGHTS The pepper market this week showed a mix response with only Vietnamese local black pepper reported with an increase. After reported with an increasing trend for the last two (2) weeks, Indian pepper price reported with a decreasing trend this week. Indonesian black pepper reported stable this week. Whilst, Indonesian…

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MARKET REVIEW - JULY 2023

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in July showed a mix response with Vietnamese local white pepper price reported with the highest decrease. IPC Price Index and Composite Price – IPC Price index of pepper was reported with a mixed response for the month of July as price index of black…

MARKET REVIEW - JUNE 2023

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in June showed a mix response with Malaysian local pepper reported with the highest decrease. IPC Price Index and Composite Price – The price index of pepper for the first half of 2023 was reported with an increasing trend though lesser compared to May as…

MARKET REVIEW - MAY 2023

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in May showed a mix response with Vietnamese local black pepper reported with the highest increase. IPC Price Index and Composite Price – Price index of pepper for the 5th month of the year reported with an increasing trend as price index of black pepper…

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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…

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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…

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