DAILY PRICES 03-02-2023

Sources USD/MT   %
Lampung Black Pepper 3683.00 -0.19%
Muntok White Pepper 6209.00 -0.21%
Brazil Black Pepper ASTA 570 2900.00 - 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 3250.00 - 0.00%
Viet Nam - Black Pepper 550g/l 3350.00 - 0.00%
Vietnam - White Pepper 4750.00 - 0.00%


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EXECUTIVE DIRECTOR'S MESSAGE

My dear International Pepper Community Family,

Assalamualaikumwarahmatullahiwabarakatuh and a very Happy New Year. Here’s wishing everyone a happy, safe and prosperous 2023!

It has been my privilege and honour to lead the IPC Secretariat for more than a year now. For me personally, it has always been a wonderful start to an exciting journey in the pepper industry. I like to think there are positive to be drawn from the issues and challenges we have found ourselves in the industry. The displays of kindness, empathy and perseverance that our entire IPC family has demonstrated has made us stronger, more resilient, caring an agile than ever before. There is no better time than now, for me, to extend my heartfelt appreciation to everybody who supports the IPC Secretariat across the world.

As we left 2022, the world undergoes variety of developments. The dreading global pandemic of COVID-19 which started in late 2019 has only started to ease up as we see more and more countries treating COVID-19 as an endemic and opening their border fully. Thus, ignite the sparks of tourism and traveling to a new height. Though 2022 had shown significant improvement, as the world recovered for the global pandemic and we witnessed the successful organization of G20 Summit as well as the World Cup 2022, the world pepper industry was faced by several issues. China’s low buying power which was due to the implementation of the zero-covid policy that enforced lockdown and restriction, has resulted in surplus stock in major producing countries. The continuous rise of interest rates to tame inflation, war in Ukraine pushed the price of essential commodities, the European energy crisis and global credit crunch which caused most depreciations of currencies as well as the threat of global recession.

As we embark on 2023, challenges remain for the IPC along the way. IPC ought to stay the course and stand united to weather the current tide of complicated developments and global situation ranging in the ongoing COVID-19 pandemic, instability of pepper prices, disruption in logistics, stringent rules and regulations for pepper trade, climate change and many other. IPC ought to ensure its role as an effective player in the development of the global pepper industry and capable of playing bigger roles in responding as one to global challenges.

In 2023, IPC has formulated series of resolutions in the form of programmes and projects with the sole purpose for the betterment of the pepper industry stakeholders. We are planning to enlarge the Community by embracing and collaborating more with active players of the industry. We are also formulating programmes and projects which would be catered to all of the stakeholder of the industry both the supply and demand sides. We are always open for ideas, suggestions and feedbacks from the industry on how we can better improve our programmes and projects.

We will also reengage in various exhibitions, conferences and other trade shows which weren’t able to be conducted during the global pandemic. IPC has also planned to undertake few researches pertinent to the development of the pepper industry and IPC in general.

Furthermore, let’s continue to grow and shine in the coming years. Let’s face all challenges with courage and see even better results. As such, I would like to invite all IPC member countries and stakeholders of the pepper industry to come together to strengthen our network and address global challenge in solidarity. Let’s join hands to work together in making sure the sustainability of the pepper industry and the prosperity of all stakeholders.

I would also like to take this opportunity to thank and commend Sri Lanka for the successful Chairmanship of IPC for 2022 and congratulate Malaysia as the Chairman of IPC for 2023!

Once again, on behalf of the IPC Secretariat, wishing you and your family a very Happy New Year! Let this year be the best yet, filled with efficiency and fruitfulness.
#togetherwearestronger

Sincerely and Salam Hormat,


Firna Azura Ekaputri Hj. Marzuki

MARKET REPORTS

No. 05/23, 23 - 30 January - 3 February 2023

MARKET REPORT - KEY HIGHLIGHTS The market this week continued showing a rather positive outlook with no origins reported with a decrease. After reported with an increasing trend for the last three (3) weeks, Indian pepper price reported stable this week. Indonesia black pepper continued to be reported positive since last week. Whilst, Indonesia white…

No. 04/23, 23 - 27 January 2023

MARKET REPORT - KEY HIGHLIGHTS The market this week showed a rather positive outlook with no origins reported with a decrease. Indian pepper price continued to be reported with an increasing trend for the last three (3) weeks. As Indonesian Rupiah strengthened against the US Dollar (IDR 14,958 @ 1 USD), recorded 1% appreciation, both…

No. 03/23, 16 - 20 January 2023

MARKET REPORT - KEY HIGHLIGHTS The market this week continued showing a mixed response as the Chinese new year of 2023 to be celebrated in the coming days. Indian pepper price continued to be reported with an increasing trend since last week as Indian pepper crop would come in a month. Even though Indonesian Rupiah…

MARKET REVIEW - NOVEMBER 2022

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in November 2022 showed a negative outlook with no origins reported an increasing trend. IPC Price Index and Composite Price - IPC Pepper Price Index reported with mixed response as price index of black pepper recorded an increase by 1.6% to 43.85 points while price…

MARKET REVIEW - OCTOBER 2022

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in October 2022 showed a rather negative outlook with only Sri Lankan local price reported with an increase as most local currencies weakened against the US Dollar. IPC Price Index and Composite Price - Pepper price index responded negatively as price index of black pepper…

MARKET REVIEW - SEPTEMBER 2022

PEPPER MARKET REPORT - KEY HIGHLIGHTS World - Pepper prices in September 2022 show a mixed response with only China white pepper reported with an increase. IPC Price Index and Composite Price - The price index of pepper recorded a decreasing trend as price index of black pepper was reported with a significant drop by…

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…

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…

KEY PROJECTS

International Pepper Conference

International Pepper Conference

An annual international platform where top names of the industry convene.

Mobile App for Farmers

Mobile App for Farmers

An interactive mobile app to assist farmers in pepper cultivation equipped with market linkage

App   
Crop Report Analytics

Crop Report Analytics

A Visual tool to analyse the trend in production, exports, consumption, price movements, etc

  
Rejection Reports

Rejection Reports

Compilation of Rejections/Alert on pepper Consignments to the US and EU

  
DIREX: Country Regulations

DIREX: Country Regulations

A database of regulations followed by importing countries

  
Training Videos

Training Videos

Series of step-by-step training videos of pepper cultivation for farmers

  
Research & Dvpt. Product

Research & Dvpt. Product

Compilation of Research and Development products of IPC member countries to enhance pepper cultivation.

  
Recipes for Immunity

Recipes for Immunity

Top recipes from around the world that use black pepper and can improve your immunity

  

videos

50th Years Journey of International Pepper Community.

50th Years Journey of International Pepper Community.

The Celebration of IPC’S 50th Anniversary and International Pepper Day

The Celebration of IPC’S 50th Anniversary and International Pepper Day

Opening address by the Executive Director of the IPC

Opening address by the Executive Director of the IPC

Pepper Sector Value Chain – How to adapt to the New Norm?  by Mr. Giridhar Rao

Pepper Sector Value Chain – How to adapt to the New Norm? by Mr. Giridhar Rao

New Regulations for Black Pepper shipments to The US market by Ms. Laura Shumow

New Regulations for Black Pepper shipments to The US market by Ms. Laura Shumow

Pepper Supply and Demand for 2021/2022 by Mr. Jasvinder Singh Sethi

Pepper Supply and Demand for 2021/2022 by Mr. Jasvinder Singh Sethi

Global Scenario for the Pepper Industry by Ms. Firna Azura Ekaputri Marzuki

Global Scenario for the Pepper Industry by Ms. Firna Azura Ekaputri Marzuki

Open Panel Discussion with Speakers

Open Panel Discussion with Speakers

Mrs Hoang Thi Lien, Executive Director, International Pepper Community

Mrs Hoang Thi Lien, Executive Director, International Pepper Community

Mr Ravindranath Balakrishnan, Vice President, Olam International ltd

Mr Ravindranath Balakrishnan, Vice President, Olam International ltd