Weekly Publications

No. 50/22, 12 - 16 December 2022

it.assistant@ipcnet.org 16 Dec 2022 109

MARKET REPORT - KEY HIGHLIGHTS

The market this week continued showing a mixed response with only Sri Lanka local price reported with an increase.

After reported with an increasing trend for the last two (2) weeks,
Indian pepper price responded negative this week which partially contributed to
the weakening of the India Rupee against the US Dollar (INR 82.65 @ 1 USD), recording a 1% depreciation.

Indonesia black pepper price reported stable this week. Whilst, Indonesia white pepper price reported with a decreasing trend due to less transaction.

As the Malaysian Ringgit weakened against the US Dollar (MYR 4.42 @ 1 USD), recording a 1% depreciation,
Malaysian local price reported with a decreasing trend this week.
Furthermore, Malaysia international white pepper price continued to be reported stable and unchanged.

After responding negative for the last four (4) weeks, local price for Sri Lankan pepper responded positive this week.

Both local and international price for Viet Nam reported with a decreasing trend this week.
Furthermore, the gradual fall in pepper prices as well as lack of reinvestment costs had made
some farmers losing interest in pepper crop and changing to other crops such as durian.

US Market price decreased for the last two (2) weeks. Whilst, this week pepper price was reported stable from origins which could be contributed
to the local currency being slightly better after the Fed plan to increase their rate.
Furthermore, Muntok white pepper was reported at USD 6,200 CF for January/February 2023.