EXECUTIVE DIRECTOR’S MESSAGE
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 51st 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 51st Annual Sessions and Meetings of the International Pepper Community. The 51st 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!
Thank you and kind regards.
Firna Azura Ekaputri Hj. Marzuki
Executive Director of IPC