Indonesia's selling pressure impacts pepper export

Indian pepper trade is impacted by heavy selling pressure of Indonesian pepper. Indian exporters have stopped booking orders because they cannot source pepper at competitive prices. An exporter reported that spot prices at Ipsta’s domestic terminal in Kochi have fallen from Rs.225 a kg in mid June to a current level of Rs. 211 but they are still way above the Indonesian level which works out to an equivalent in Indian rupees of 165 a kg.

It is estimated that India’s exports for the first six months of this calender year are down to 14,037 tonnes from 27,293 for the corresponding period of the previous calendar year of ’99. However, this is against a smaller Indian crop of 55,000 tonnes, as compared to 90,000 tonnes. Approximately 11,740 tonnes of Indian pepper are still left for export for this year.

Inclusive of the crop of 55,000 tonnes and a carry-over of 8,277 tonnes, availability was 63,277 tonnes. Deducting 7,500 tonnes as carry-forward for next year, the availability was 55,777 tonnes. Deducting 30,000 tonnes for domestic consumption, the availability for export was 25,777 tonnes. With 14,037 tonnes exported in the first six months of this calender, 11,740 tonnes are still available for export for the rest of this year, as reported.

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