Weekly Publications

No. 13/23, 27 - 31 March 2023

it.assistant@ipcnet.org 31 Mar 2023 94

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week shows a mix response as some foreign exchange slightly strengthened against the US dollar.

The Indian pepper price continues to be reported stable for the last two (2) weeks.

Both local and international prices for Indonesia continues to be reported with an increasing since last week
which partially contributed to the strengthening of the Indonesian Rupiah against the US Dollar (IDR 15,079 @ 1 USD)
or 1% appreciation as less stock at the farmer level.

Even though the Malaysian Ringgit strengthened against the US Dollar (MYR 4.42 @ 1 USD) or 1% appreciation,
the Malaysian black local price reported with a decreasing trend. Whilst, the other prices reported stable.

Local price for Sri Lankan pepper responded negative this week.

Vietnamese local pepper price reported stable this week. Furthermore, after reported stable for the last four (4) weeks,
the Vietnamese international price reported with a decreasing trend this week.

US market remained inactive lately after Fed raised interest rates by 0.25 % with hope of decreasing inflation.
Market estimated to turn over nearing the end of 1st quarter. Furthermore, Muntok white pepper was reported at USD 6,200 CF for April.