Nutmeg – Price Values and Quantity by Year 2000 to 2007

 

3.6.5 Nutmeg – Price Values and Quantity by Year 2000 to 2007

3.6.5.1 Overview

 

Scientific name:

Myristica fragrans Houtt.

Plant part used:

Fruit

HS Code:

090810000

SITC Code:

075251000

3.6.5.2 Analysis

Nutmeg is the fruit of an evergreen tree and is traded for its culinary and medicinal uses. It was originally grown in eastern Indonesia (Moluccas).  Of late the quantity of the product exported from Malaysia had increased markedly from around 35,874 kg to 228,115 kg. The increase occurred during the first few years up to year 2002 and  decreased thereafter . From year 2005 the quantities exported climbed to  higher amounts until year 2007. The revenues obtained from the export showed similar  pattern as that of the  quantities exported. The graph showed the first peak with a revenue of RM2,418,104 in year 2002 ,while the second peak was in year 2007 with a value of RM4,092,428.

Taking cost per kg of product, the differences between export and import values registered positive differences in the initial observed years  In year 2007, however, the difference had a negative value. As in other products previously described, the negative value  might have been caused by several factors,  such as, the demand for the raw material had declined,  and also the price for the product was relatively high. From the table of cost per kg, the values  started from RM17.60 in year 2000 to RM17.94 in 2007. The unit cost of product increased and decreased irregularly during the period with a maximum value reaching RM22.97.

 

Table 71: Summary of export values and volumes

 nutmeg

 

Figure 121: Malaysia’s export 2000 – 2007 for nutmeg

f_121

 

Figure 122: Exported nutmeg price trend 2000 – 2007

f_122

 

 

Table 72: Export and Import Unit Cost Differences of Herbal Products :

2000 -2007

Year

Export

(RM)

Import

(RM)

Diff (RM)

2000

17.6

5.96

11.64

2001

22.06

18.78

3.28

2002

22.97

18.45

4.52

2003

22.08

16.1

5.98

2004

15.6

14.39

1.21

2005

18.83

13.21

5.62

2006

16.24

14.99

1.25

2007

17.94

18.75

-0.81