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No. 36/20, 31 August - 4 September 2020

Fri Sep 04 2020

 

MARKET REPORT

 

Market this week showed a mixed response as only Indonesia black pepper recorded a decrease. In local market, Malabar black pepper was reported with an increase of 1% when compared to previous week at an average of USD 4,345 per Mt. Indonesia black pepper was reported with 2% deficit as compared to the previous week at an average of USD 1,937 per Mt whilst Indonesia white pepper was reported with an increase of 2% when compared to the previous week averaging at USD 3,737 per Mt. Malaysia black and white peppers in local market were reported with an increase of 1% respectively as opposed to the previous week to an average of USD 2,416 per Mt for black pepper and USD 3,800 per Mt for white pepper. Furthermore, Viet Nam black and white peppers were reported stable with a marginal increase averaging at USD 2,013 per Mt for black pepper and USD 2,831 per Mt for white pepper. Sri Lanka black pepper was reported stable and was traded at an average of USD 3,057 per Mt.

 

International market also showed a mixed response as only Indonesia black pepper recorded a decrease. India black pepper was reported with the same increase of 1% when compared to the previous week at an average of USD 4,618 per Mt. Indonesia black pepper was reported with 2% deficit as opposed to the previous week at an average of USD 2,372 per Mt. Whilst Indonesia white pepper was reported with an increase of 2% when compared to the previous week, averaging at USD 4,389 per Mt. Malaysia black and white pepper continued to be reported stable and unchanged. Likewise, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable and unchanged.

 

US market was reported with increase on import by 12% as compared to the last two months whilst European countries were reported with a decrease of 5%. Furthermore, as Brazil entered harvest season production is estimated with a decrease as compared to the previous year. Muntok white pepper for CF September/October was reported at USD 4.550 per Mt.

 

IMPORT OF PEPPER BY NETHERLANDS

 

The Netherlands is a country primarily located in Western Europe and partly in the Caribbean, forming the largest constituent country of the kingdom of the Netherlands. Furthermore, Netherlands actively imported pepper from various pepper producing countries for domestic consumption or re-export purpose.

 

In 2018, Netherlands was reported to have imported a total 14,209 Mt of pepper which 65% or 9,267 Mt of it comprised of whole pepper while 35% or 4,942 Mt of it was ground pepper. The average import of pepper by Netherlands in 2018 was reported to be 1,184 Mt per month with the highest quantity recorded in June with 1,566 Mt. The total expenditure of pepper import by Netherlands was reported to be as high as USD 66.5 Million, recording an average price of the total pepper imported by Netherlands at USD 4,608 per Mt for whole pepper and USD 4,822 Per Mt for ground pepper.

 

Year 2019 saw an increasing trend in term of quantity of pepper imported by Netherlands. Netherlands was reported to have recorded a total of 15,196 Mt which 65% or 9,856 Mt of it comprised of whole pepper and 35% or 5,340 Mt of it was ground pepper. Thus, recording an increase of 7% when compared to the same period in 2018. The average pepper imported by Netherlands was reported at 1,266 Mt per month which peaked in April with 1,668 Mt. Although increasing in terms of quantity, Netherlands's expenditure of pepper import was reported with a decrease of 15% to a total of USD 56.4 Million, Thus, recording an average price of the total pepper imported by Netherlands at USD 3,539 per Mt for whole pepper and USD 4,039 per Mt for ground pepper or a decrease by 23% and 16% respectively as compared to 2018.

 

As of May 2020, Pepper import by Netherlands was reported with a decrease of 18% as compared to the same period in 2019, totaling at 5,247 Mt which comprised of 61% or 3,202 Mt of whole pepper and 39% or 2,045 Mt of ground pepper. The total expenditure of pepper import by Netherlands as of May 2020 was reported with a decrease by 19% when compared to the same period in the previous year, totaling at USD 19.9 Million. Thus, recording an average price of the total pepper imported by Netherlands at USD 3,787 per Mt for whole pepper and USD 3,802 per Mt for ground pepper.

 

The top five countries of origins of Netherlands's pepper as of May 2020 were reported to be Viet Nam with 2,659 Mt (a decrease of 4% as compared to the same period in 2019), Brazil with 978 Mt (a decrease of 48%), Indonesia with 649 Mt (a decrease of 1%), Spain with 270 Mt (an increase of 18%) and India with 185 Mt (a decrease of 30%). The decreased of Netherlands import from pepper origin countries could be contributed to the covid-19 global pandemic which affects Netherlands economy as well as Netherlands import. https://nltimes.nl/2020/08/17/dutch-economy-expected-grow-next-year-covid-19-effects-linger

 

http://www.ipcnet.org/admin/data/news/mx2036.jpg

 

Source: http://www.ipcnet.org

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