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 pepper market has shown an improvement, where price at most of the origins increased with different scales. In Lampung black pepper price increased marginally; while for white pepper in Bangka increased significantly by 7% locally from IDR 115,000 last week to IDR 124,000 this week. Malabar black pepper in Kochi increased daily from INR 660 per Kg last week to INR 670 this week. In Vietnam local price of black pepper also increased almost daily.
Vietnam, the world largest pepper producers and exporters of Pepper will have its first Forum Vietnam Pepper Outlook scheduled to be held at Novotel - Phu Quoc Island, Vietnam during 17th-19th November 2016.
This international event on pepper is a join initiative by the Ministry of Agriculture and Rural Development to further promote the pepper industry and the National Trade Promotion programme of the Ministry of Trade and Industry which is being organized by the Vietnam Pepper Association.
In the last 44th IPC Session held from 8th-11th August 2015 in Jakarta, Indonesia, after a detailed discussion, approved production and export estimates of pepper in 2016 would be around 397,000 Mt and 291,000 Mt respectively, as against 416,000 Mt and 302,000 Mt in 2015. Production and export was estimated to decrease by 19,000 Mt (5%) and 11,000 Mt (4%) respectively. Significant decrease in production was recorded in India, Indonesia and Sri Lanka.
26/10/2016 NMCE to reactivate Pepper contracts The National Multi Commodity Exchange of India has decided to reactivate Pepper contract by incorporating the modifications based on recommendations of its Trade Advisory Committee (TAC) on Pepper futures contracts. The changes in contract parameters has been notified on October 17 under intimation to SEBI and the trade is likely to be reactivated from October 28 onwards.