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No. 37/20, 7 - 11 September 2020

Fri Sep 11 2020

 

MARKET REPORT

 

Market this week showed relatively no movement as only Indonesia was reported with a decrease. In local market, Malabar black pepper was reported stable with a marginal increase at an average of USD 4,351 per Mt. Indonesia black pepper was reported with 2% deficit as compared to the previous week at an average of USD 1,902 per Mt whilst Indonesia white pepper was reported stable and unchanged. Malaysia black and white peppers in local market were reported steady with a marginal decrease at an average of USD 2,407 per Mt for black pepper and USD 3,786 per Mt for white pepper. Furthermore, Viet Nam black and white peppers were also reported stable with a marginal decrease averaging at USD 2,012 per Mt for black pepper and USD 2,830 per Mt for white pepper. Sri Lanka black pepper was reported stable and was traded at an average of USD 3,053 per Mt. China white pepper was traded at an average of USD 4,085 per Mt locally.

 

International market also showed a relatively stable. India black pepper was reported steady with a marginal increase at an average of USD 4,623 per Mt. Indonesia black pepper was reported with the same 2% deficit as opposed to the previous week at an average of USD 2,331 per Mt. Whilst Indonesia white pepper was reported stable with a marginal decrease averaging at USD 4,387 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. China traded its white pepper at an average of USD 4,285 per Mt internationally.

 

IMPORT OF PEPPER BY NORWAY

 

Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe which mainland territory comprises of the western and northernmost portion of the Scandinavian Peninsula. Norway actively imports pepper from various pepper producing countries which most of them for domestic consumption purpose.

 

In 2018, Norway was reported to have imported a total 472 Mt of pepper which 42% or 199 Mt of it comprised of whole pepper while 58% or 273 Mt of it was ground pepper. The average import of pepper by Norway in 2018 was reported to be 39 Mt per month with the highest quantity recorded in June with 60 Mt. The total expenditure of pepper import by Norway was reported to be as high as USD 5.2 Million, recording an average price of the total pepper imported by Norway at USD 10,716 per Mt for whole pepper and USD 11,289 Per Mt for ground pepper.

 

Year 2019 saw an increasing trend in term of quantity of pepper imported by Norway. Norway was reported to have recorded a total of 498 Mt which 39% or 195 Mt of it comprised of whole pepper and 61% or 303 Mt of it was ground pepper. Thus, recording an increase of 6% when compared to the same period in 2018. The average pepper imported by Norway was reported at 42 Mt per month which peaked in September with 52 Mt. Although increasing in terms of quantity, Norway's expenditure of pepper import was reported with a decrease of 17% to a total of USD 4.3 Million. Thus, recording an average price of the total pepper imported by Norway at USD 9,051 per Mt for whole pepper and USD 8,470 per Mt for ground pepper or a decrease by 16% and 25% respectively as compared to 2018.

 

As of July 2020, Pepper import by Norway was reported with an increase of 13% as compared to the same period in 2019, totaling at 314 Mt which comprised of 43% or 135 Mt of whole pepper and 57% or 179 Mt of ground pepper. The total expenditure of pepper import by Norway as of July 2020 was reported with a marginal increase when compared to the same period in the previous year, totaling at USD 2.4 Million. Thus, recording an average price of the total pepper imported by Norway at USD 7,673 per Mt for whole pepper and USD 8,004 per Mt for ground pepper.

 

The top five countries of origins of Norway's pepper as of July 2020 were reported to be India with 130 Mt (a decrease of 1% as compared to the same period in 2019), Viet Nam with 100 Mt (an increase of 50%), Brazil with 25 Mt (a decrease of 8%), Sri Lanka with 10 Mt (an increase of 21%) and Denmark with 8 Mt (an increase of 4 Mt).

 

http://www.ipcnet.org/admin/data/news/mx2037.jpg

 

Source: http://www.ipcnet.org/

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