It is my pleasure to welcome you to the new IPC Website which provides important and useful information to improve our understanding and interaction with all the stake holders of the pepper industry and an indispensable source of information for pepper community.
The IPC has launched its advanced and user friendly website which provides updated data on production, export, quality standards, programs for development & promotion of pepper industry and other value added services, speedy browsing and easy access to technical information for the development of the International Pepper Community.
We hope you find the new website a unique source for all your needs on pepper industry.
INTERNATIONAL PEPPER COMMUNITY
Pepper price continued to be calm. Players are watching crop developments in India and Vietnam. In India the harvest is continuing. Local price at Kochi decreased at the beginning of the week to INR 607 per Kg from INR 624 last week. The price then moved up again on Tuesday and stood at the level of INR 624 per Kg till the weekâ€™s close. In Vietnam activities were limited in view of the upcoming Chinese New Year holiday. Local price of Vietnamese black pepper decreased by VND 3,500 per Kg to VND 155,000 at the weekâ€™s close; while for white pepper, price was reported stable at VND 215,000 per Kg. In Indonesia and Sarawak the prices were relatively stable.
During the last decade world pepper industry has indicated certain changes mainly respect to extent under cultivation, production and export. The most prominent feature is the behaviour of prices and uncertainty of the future for major pepper producers. However, after 2010, the price of pepper became no matter for the producers as it was keeping the trend of climbing beyond the predictions and expectations of the producers and exporters throughout the world.
During the year 2015 the pepper market was very encouraging and active as global pepper production and export increased over the previous year and prices prevailed recorded highest achieved so far. Based on the latest information received by the IPC, total export of pepper from producing countries in 2015 excluding the raw materials used for manufacturing pepper oil and oleoresin for export was around 297,600 Mt valued at around US$ 2.8 billion, as against 278,600 Mt worth USD 2.3 billion achieved in 2014. Vietnam maintained his position as the largest exporters and received major portion of US$ 1.3 billion which is around 45% in the total earnings in 2015 followed by Indonesia, Brazil and India.
Erratic rain has hit black pepper production. Latest estimates from producing states show in the harvest season beginning December, the output will be 50 per cent lower. Estimates by growers and dealers from Kerala, Karnataka and Tamil Nadu indicates overall production will stand at 30,000-35,000 tonnes, against 70,0000 tonnes in the last season.