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
The markets were firm this week and price in domestic markets increased further, although Pepper harvest in Indonesia has almost completed and huge quantity has arrived in the market. In Lampung local price of black Pepper increased almost daily during the week, from IDR 115,000 per Kg at the beginning of the week to IDR 120,000 at the week's close. In East Lampung even some trader paid IDR 125,000 per Kg for getting Pepper. In Bangka, local price of white Pepper stood at the level of IDR 175,000 per Kg throughout the week.
The 42nd Session of IPC held in HCM City, Vietnam, in November 2014 has requested the IPC along with the stake holders of the IPC member countries to undertake the market promotion programme to East Asian countries by holding the 3rd International Pepper Conclave in 2015.
During July 2015, the Pepper Price Index increased by 9.60 points for black Pepper and 3.81 points for white Pepper (Table 1) .The composite price of black Pepper increased by 3 % from US $ 9138 in June 2015 to US $ 9414 in July 2015, while that of white Pepper increased 2.88% from 13,056 per MT in June 2015 to US $ 13,432 per MT in July 2015 (Table 2)
KOCHI: Supply crunch and the subsequent increase in prices have made the Indian black pepper uncompetitive in global markets, robbing exporters the opportunity to take advantage of a decline in rupee rates against the US dollar. Local prices are currently hovering in the range of Rs 625 to Rs 645 a kg, and they are likely to rise further in the next few weeks, making it difficult for exporters. In 2014-15, Indian black pepper exports stood at 21,450 tonnes, valued at Rs 1,208 crore, showing a marginal rise in quantity and 29% in value. "At present, rates of Indonesia, Sri Lanka and Brazil are lower than India. While the three countries are selling in the range of $9,300 to $9,900 a tonne, the rate here is $10,300 a tonne," said leading exporter Kishor Shamji. Vietnam, the largest producer and exporter of pepper, is on a par with India as it has sold most of its stock. Pepper production has been below expectation, leading to the firming up of prices in the domestic market.