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WPB Week #28/19,  July 08 -12 July 2019

Fri July 12 2019

 

MARKET REPORT

 

Market this week showed mixed response. In local market, Malabar black pepper was reported stable and relatively unchanged as compared to the previous week with an average of USD 4,874 per Mt. India black pepper price in local currency was reported at INR 334 per Kg on Thursday. Indonesia black and white pepper was also reported stable as compared to the previous week with an average of USD 2,054 per Mt for black pepper and USD 3,435 per Mt for white pepper. Indonesian black and white pepper in local currency trade an average of IDR 29,000 per Kg and IDR 48,500 per Kg respectively. Malaysian black and white pepper was reported stable and relative unchanged as compared to the previous week, averaging at USD 2,476 per Mt for black pepper and USD 3,911 per Mt for white pepper. Viet Nam black pepper was reported to be traded with a 1% deficit as compared to the previous week, averaging at USD 1,931 per Mt, whilst Viet Nam white pepper reported unchanged, averaging at USD 2,847 per Mt. Sri Lanka black pepper continued to traded negatively and was reported the lowest ever prices in recent years. Recording a 23% deficit as opposed to the previous week at an average of USD 2,069 per Mt. China white pepper was reported stable as compared to the previous week averaging at USD 4,706 per Mt.

 

In international market, FOB price of India black pepper was reported stable as compared to the previous week at an average of USD 5,165 per Mt. Indonesia black and white pepper was also reported stable as compared to the previous week with an average of USD 2,512 per Mt for black pepper and USD 4,060 per Mt for white pepper. Malaysia black and white pepper were reported unchanged, averaging at USD 3,685 per Mt and USD 5,275 per Mt respectively. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and relatively unchanged as compared to the previous week with an average at USD 2,309 per Mt, USD 2,374 per Mt and USD 3,459 per Mt respectively. China white pepper was reported with a 4% increase as opposed to the previous week at an average USD 5,106 per Mt in the international market.

 

US market was reported stable and unchanged with Muntok spot price being reported at USD 5,072 per Mt.

 

IMPORT OF PEPPER BY GERMANY

 

Germany, Officially the Federal Republic of Germany is a country in Central and Western Europe, lying between the Baltic and North Seas to the north, and the Alps, Lake Constance and the High Rhine to the south. It borders Denmark to the north, Poland and the Czech Republic to the East, Austria and Switzerland to the south, France to the southwest, and Luxembourg, Belgium and the Netherlands to the west.

 

Germany includes 16 constituent states, covers an area of 357, 386 square kilometres and has a largely temperate seasonal climate. With 83 million inhabitants, it is the second most populous state of Europe after Russia. Germany was a founding member of the European Economic Community in 1957 and the European Union in 1993. Germany has the largest national economy in Europe which is also the world's fourth largest by nominal GDP. Germany is also the world's third largest exporter and importer of goods (based on CIA World Factbook). Furthermore, Germany is one of the countries in Europe that imports quite a lot of pepper from various pepper producing countries whether for its domestic consumption or for re-export.

 

In 2017, Germany was reported to have imported to have imported a total 32,189 Mt of pepper which 89% of it comprised of whole pepper while 3,481 Mt of it ground pepper. The average pepper import by Germany in 2017 was reported at 2,682 Mt per month with the highest quantity recorded in October with 3,685 Mt. The total expenditure of pepper import by Germany amounted to USD 211.1 Million, recording an average price of the total pepper imported by Germany at USD 6,443 per Mt for whole pepper and USD 4,225 per Mt for ground pepper.

 

Year 2018 saw pepper import by Germany decreased by 5% as compared to the previous year totalling at 30,562 Mt which comprised of 27,939 Mt of whole pepper and 2,623 Mt of ground pepper. The average pepper import by Germany was reported at 2,547 Mt per month which peaked in October with 3,949 Mt. In accordance with decreasing in term of quantity, the pepper imports by Germany also decreased by 41% in terms of value which amounted to USD 124.4 Million. The average of total pepper imported by Germany was reported to be at USD 3,892 per Mt for whole pepper and USD 5,971 per Mt for ground pepper which meant a loss of 40% and profit of 41% respectively as compared to the previous year.

 

Pepper import by Germany as of April 2019 was reported an increasing trend by recording an increased by 11% as compared with the same period in 2018, totalling 9,452 Mt which comprised of 8,702 Mt of whole pepper and 750 Mt of ground pepper. The total expenditure of pepper imports by Germany as of April 2019 decreased by 25% as compared to the previous year in the same period, totalling USD 32.2 Million.

 

The top five most of pepper imported by Germany both whole and ground as of April 2019 reported to come from Brazil with 4,887 Mt (an increase of 31% compared with the same period in 2018), Viet Nam with 2,670 Mt (an increase of 1%), Indonesia with 598 Mt (a decrease of 26%), India with 430 Mt (a decrease of 51%) and Sri Lanka with 294 Mt (an increase of 34%). The significant decreased of Germany pepper import from Indonesia and India could be contributed that Germany started to shift import from other origins countries such as Sri Lanka (an increase by 100 Mt as compared to the same period in 2018) and Cambodia (an increase by 71 Mt) which exported 194 Mt and 32 Mt respectively in the same period in 2018.

 

http://www.ipcnet.org/admin/data/news/mx1928.jpg

 

Source: http://www.ipcnet.org

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