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WPB Week #45/19,  Nov 04 -08 Nov 2019

Fri Nov 08 2019

 

MARKET REPORT

 

Market this week showed mixed response. In local market, Malabar black pepper was traded with an increase by 2% as compared to the previous week with an average of USD 4,296 per Mt. Indonesia black and white pepper was reported stable with an average of USD 1,641 per Mt for black pepper and USD 3,317 per Mt for white pepper. Malaysian black and white pepper was reported with a 1% deficit as compared to the previous week with an average of USD 1,971 per Mt and USD 3,479 per Mt respectively. Furthermore, Viet Nam black and white pepper was reported stable and unchanged. Sri Lanka black pepper slightly strengthen, in local market it recorded an increase by 1% as compared to the previous week and was traded at an average of USD 2,736 per Mt. Whilst, China white pepper was reported stable with an average of USD 4,578 per Mt.

 

In international market, the trend showed a stable outlook with only India recorded an increase. FOB price of India black pepper was reported with the same 2% increase as compared to the previous week at an average of USD 4,578 per Mt. Indonesia black and white pepper was reported steady with an average of USD 2,042 per Mt for black pepper and USD 3,931 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged averaging at USD 2,250 per Mt, USD 2,315 per Mt and USD 3,400 per Mt respectively. China reported a stable international trade for its white pepper with an average of USD 4,778 per Mt.

 

IMPORT OF PEPPER BY ROMANIA

 

Romania is a country located at crossroads of Central, Eastern, and South Eastern Europe. It is bordered by Bulgaria, Ukraine, Hungary, Serbia and Moldova. Romania actively imports pepper from various pepper producing countries for domestic consumption or for re-export.

 

In 2017, Romania was reported to have imported a total 1,970 Mt of pepper which 46% or 902 Mt of it comprised of whole pepper while 54% or 1,068 Mt of it was ground pepper. The average import by Romania in 2017 was reported to be 164 Mt per month with the highest quantity recorded in November with 279 Mt. The total expenditure of pepper imported by Romania was reported to be as high as USD 12.6 Million, recording an average price of the total pepper imported by Romania at USD 7,486 per Mt for whole pepper and USD 5,524 Per Mt for ground pepper.

 

Year 2018 saw an increasing trend in term of quantity of pepper imported by Romania. Romania was reported to have recorded a total of 2,043 Mt which comprised of 50.4% or 1,030 Mt of whole pepper and 49.6% or 1,012 Mt of ground pepper. Thus, recording an increase of 4% as compared to the same period in 2017. On average Romania was reported to have imported 170 Mt per month which peaked in April with 224 Mt. Although increasing in terms of quantity, Romania's expenditure from pepper import was reported to have declined by 19% to a total of USD 10.2 Million, recording an average price of the total pepper imported by Romania at USD 5,147 per Mt for whole pepper and USD 4,903 per Mt for ground pepper or a decrease by 31% and 11% respectively as compared with 2017.

 

Pepper import by Romania as of June 2019 was reported with a decrease of 12% as compared with the same period in 2018, totalling at 866 Mt which comprised of 371 Mt of whole pepper and 495 Mt of ground pepper. The total expenditure of pepper import by Romania as of June 2019 was reported with a decrease by 28% as compared to the same period in the previous year, totalling at USD 3.4 Million.

 

The top five countries of origins of Romania's pepper as of June 2019 were reported to be Germany with 231 Mt (an increase of 25% as compared with the same period in 2018), Viet Nam with 180 Mt (a decrease of 101%), Brazil with 125 Mt (an increase of 60%), India with 90 Mt (a decrease of 47%) and Poland with 90 Mt (an increase of 6%). The significant decrease of Romania import from Viet Nam could be contributed that Romania preferred to shift import to Brazil (an increase by 75 Mt as compared to the same period in 2018) and also Romania started to shift import to Germany which is the re-export hub to European countries (an increase by 57 Mt as compared to the same period in 2018).

 

http://www.ipcnet.org/admin/data/news/mx1945.jpg

 

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

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