The International Pepper Community (IPC) has recently released production and export estimates for the 2019 season. Compared to the previous season, the IPC has projected production declines for India (down 27% y-o-y), Indonesia (down 7%) and Brazil (down 7%) while for Malaysia (up 1% y-o-y) and Sri Lanka (up 44%), the output is set to increase according to the IPC.
For Vietnam, the largest pepper producer, the official figure puts the 2019 crop at 200,000 tonnes which is 2% lower compared to last year. However, unofficial trade sources predict a good crop in Vietnam in the current season, possibly slightly higher compared to last year as some of the new plantations are reaching full maturity. Favourable production estimates are despite the adverse wet weather some of the main growing districts experienced in October and November last year.
Meanwhile, pepper exports from Vietnam for the first two months of 2019 totalled 31,000 tonnes, up 4% y-o-y. Mintec prices for Vietnamese pepper were unchanged month-on-month but remain down 27% y-o-y.