GLOBAL BLACK PEPPER MARKET WEEKLY
REVIEW
Date: 12.03.2012
The
prices for black pepper continue to trade higher. Market was firmer and prices
at most origins, with the exception of Sri Lanka, increased further. Currently,
India continued to lead price movement to hit the higher level. Local price in
India increased in the range between 6-8%, while for fob price increased by 4%.
Pepper prices in Vietnam and Lampung also increased by 2%. For the near terms,
Vietnam, the world largest producers and exporters of pepper, seems to be the
main factor to determine the market direction, since production estimate of
pepper from Vietnam this year is reportedly lower and this may keep the price
to remain high. According to survey results of VPA and reports of the
agricultural office in Vietnam, production of pepper in 2012 is re-estimated to
be around 90,000 - 100,000 mt.
In HCMC, Vietnam and Bangka of Indonesia, local prices of white
pepper increased by 3% and 1% respectively, while for fob prices were reported
to remain stable. In Sarawak, the prices were stable both local and fob. Powered By Commodity line.
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