MARKET REPORT

No.48/12, 26 30 November 2012

BLACK PEPPER: The market was slightly weaker and prices at most origins decreased marginally. This situation is likely due to Indian and Vietnamese crops are approaching. Stock available in Vietnam and Lampung is reportedly limited. Major share of the output from good crop in Lampung has been released, leaving a limited stock just to meet export demand up-to the next harvest. Although the price prevailed in India decreased, but when compared to prices in other source, the local price in India remains the highest. In Vietnam and Sri Lanka the price also decreased, while in Sarawak, a marginal increase in local market was recorded. In view of the limited carry over stock by the end of the year and pepper farmers have derived better returns during the last 2-3 years, the farmers are not willing to sell their produce at lower price. WHITE PEPPER: In Bangka, local price of white pepper increased marginally, while in Sarawak decreased by 2%. In Vietnam, it was relatively stable. EXPORT OF PEPPER FROM VIETNAM: It was reported that Production of pepper in Vietnam this year decreased to around 100,000 mt from 110,000 mt in 2011. Exports during the first ten months reflected the situation. During January - October 2012, total export of pepper from Vietnam was 102,340 mt, registering a significant fall of 12% compared to export of 115,780 mt in the same period last year. It is estimated that export from Vietnam would be around 110,000 mt this year.
Export of Pepper in MT Months 2010 2011 1 7,585 4,746 2 6,235 5,137 14,405 16,126 3 16,193 15,355 4 15,203 13,102 5 12,235 15,177 6 12,053 13,168 7 8 7,966 16,988 9 6,244 10,119 10 6,253 5,863 11 6,120 4,354 12 6,369 3,282 1-10 104,372 115,781 1-12 116,861 123,417 2012 3,435 8,576 18,903 16,555 12,222 9,522 6,943 8,773 8,217 9,196
102,342

I.

PRODUCERS PRICE - in USD/MT *)

Items / sources 26-Nov 5,288 6,698 5,407 5,314 5,678 5,654 n.a. 8,058 8,448 8,481 27-Nov 5,288 6,642 5,415 5,318 5,678 5,654 n.a. 8,070 8,257 8,481 n.a. 28-Nov 5,263 n.a. 5,412 5,324 5,678 5,654 n.a. 8,066 8,256 8,481 n.a. 29-Nov 5,263 6,757 5,411 5,328 5,678 5,654 n.a. 8,065 8,263 8,481 n.a. 30-Nov n.a. n.a. 5,411 5,339 5,678 5,654 n.a. 8,065 8,280 8,481 n.a. Average
This week
Last week % change

BLACK PEPPER Brazil India Indonesia Malaysia Vietnam Sri Lanka WHITE PEPPER Brazil Indonesia Malaysia Vietnam China

Ex- Para **) Ex-Kochi Ex-Lampung **) Ex-Kuching Ex-HCMC

5,276 6,699 5,411 5,323 5,678 5,654 n.a. 8,065 8,258 8,481 n.a.

n.a. 6,861 5,394 5,286 5,723 5,775 n.a. 7,988 8,425 8,477 8,700

-2% 0% 1% -1% -2% 1% -2% 0% -

Ex-Para **) Ex-Pkl.Pinang **) Ex-Kuching Ex-HCMC Ex-Hainan

*) converted from local currency at prevailing exchange rate

**) unofficial source

Weekly Prices Bulletin No. 48/12, (26 30 Nov 2012)

II.

FOB PRICES in USD/MT

Items / ports & grades 26-Nov ASTA ASTA ASTA
ASTA

27-Nov 6,300 6,884 6,300 7,100 6,150 6,350 n.a. 9,100 9,500 8,650 n.a.

28-Nov 6,300 n.a. 6,300 7,100 6,150 6,350 n.a. 9,100 9,500 8,650 n.a.

29-Nov 6,300 6,938 6,300 7,100 6,150 6,350 n.a. 9,100 9,500 8,650 n.a.

30-Nov n.a. n.a. 6,300 7,050 6,150 6,350 n.a. 9,100 9,400 8,650 n.a.

Average
This week
Last week

% change

BLACK PEPPER Belem **) Kochi Lampung **) Kuching Ho Chi Minh Ho Chi Minh WHITE PEPPER Belem **) Pangkal Pinang Kuching Ho Chi Minh Haikou

500g/l 550g/l FAQ FAQ

FAQ FAQ FAQ

6,300 6,384 6,300 7,100 6,150 6,350 n.a. 9,100 9,600 8,650 n.a.

6,300 6,735 6,300 7,090 6,150 6,350 n.a. 9,100 9,500 8,650 n.a.

n.a. 7,031 6,300 7,100 6,330 6,450 n.a. 9,100 9,600 8,700 8,900

-4% 0% 0% -3% -2% 0% -1% -1% -

**)

III.

MALABAR BLACK PEPPER PRICES IN INDIA in USD/MT Spot / Futures prices Spot Futures Garbled Garbled Close Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 26-Nov 6,938 6,800 n.a. 6,276 6,181 6,206 27-Nov 6,837 6,692 n.a. 6,192 6,104 6,135 28-Nov 6,837 6,692 n.a. 6,192 6,104 6,135 29-Nov 6,937 6,932 n.a. 6,290 6,205 6,220 30-Nov n.a. n.a. n.a. n.a. n.a. n.a.
This week
Average Last week % change

6,887 6,779 n.a. 6,238 6,148 6,174

7,111 6,990 n.a. 6,484 6,386 6,389

-3% -3% -4% -4% -3%

IV.

PRICES IN EUROPE (CIF Rotterdam/Hamburg) in USD/MT Items & spot/shipment prices Black Pepper Shipment White Pepper Shipment - Spot - Dec/Jan - Spot - Dec/Jan 26-Nov 7,150 6,950 9,750 9,650 27-Nov 7,150 6,950 9,750 9,650 28-Nov 7,150 6,950 9,750 9,650 29-Nov 7,150 6,950 9,750 9,650 30-Nov n.a. n.a. n.a. n.a. Average
This week Last week % change

7,150 6,950 9,750 9,650

7,100 6,950 9,600 9,500

1% 0% 2% 2%

V.

BUYERS' PRICES AT NEW YORK (in USD/mt)

Items Mal/Lam/Sar. Black Mal/Lam/Sar/Braz/Viet Black Muntok/Sar/Braz White 23 Nov 7,275 7,275 9,810 Spot previous week 7,275 7,275 9,810 This week n.a. n.a. n.a. n.a. n.a. n.a. n.a. Brazil (BRL) 2.09 n.a. India (INR) 55.58 55.06 Indonesia (IDR) 9,610 9,637 Malaysia (MYR) 3.05 3.06 M/L/S/B/V Black M/L/S/B/V Black Vietnam white Futures CF / FOB Futures 23 Nov 7,165 Jan/Mar 7,055 Apr/Jun 10,035 Nov previous week 7,165 Jan/Mar 7,055 Apr/Jun 10,035 Nov

Items and grade Malabar black (Garbled 1). Lampung black (ASTA) Brazil black (ASTA) Vietnam black (ASTA) Muntok white Sarawak White (BL) Vietnam White (DW) Average rates per USD This week Last week

Previous week 8,159 CF Dec 6,750 CF Nov/Dec 6,650 CF Nov 6,850 CF Nov 9,150 CF Nov n.a. 9,350 prompt Vietnam (VND) 20,870 20,880 Sri Lanka (LKR) 130.28 130.28

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Weekly Prices Bulletin No. 48/12, (26 30 Nov 2012)

Note:

Sources:

Prices given are indicative prices. Quality may differ from place to place. Prices can vary and the IPC is not responsible for loss or damages caused to the users of these prices in the context of business contracts or other transactions Producers price ex Kochi is the price quoted for un-garbled quality at Kochi Producers prices ex Lampung and Pangkal Pinang are average prices received by farmers for unprocessed pepper Producers prices ex Kuching are the average prices offered by local traders to farmers for unprocessed pepper grade 1 Producers price in Sri Lanka is the average price received by growers, collected from 11 pepper growing districts in Sri Lanka grade 1 Producers price ex Ho Chi Minh City is prices for local purchases of pepper (500 g/l for black and 630g/l for white) Vietnam : Vietnam Pepper Association, HCMC Brazil, Unoficial source China: Hainan Pepper Association India: AISEF, NCDEX New York: Trader sources Indonesia: Unofficial source Europe: Reuter Malaysia: Malaysian Pepper Board Sri Lanka: Department of Export Agriculture

To receive the Weekly Prices Bulletin along with the Monthly Pepper Market Review regularly, please contact International Pepper Community, Fax: 62-21 5224902, Email: mail@ipcnet.org