World Pepper Update
Published on: Sep 23 2022, 06:18
According to the International Pepper Association (IPC) on September 22 as compared to previous day as follows -
Lampung black pepper (Indonesia): at $3,878/ton, down 0.13%, Brazilian black pepper ASTA 570: at 2,750 USD/ton, unchanged, Kuching black pepper (Malaysia) ASTA: at 5,900 USD/ton, unchanged, Muntok (Indonesia) white pepper: at $6,302/ton, down 0.14%, Malaysian white pepper ASTA: at $7,600/ton, unchanged.
Weak consumption demand is still the factor holding back the recovery of pepper prices in the following months, especially from the two major pepper consuming markets in the world, Europe and the US. Currently, Brazil is entering the pepper harvest, output is expected to increase by 10% compared to 2021 to 98,000 tons in 2022. Indian pepper production is expected to increase slightly. However, Vietnam's pepper production is expected to decrease due to unfavorable weather factors, while it is expected to be stable in other pepper producing countries.