Weekly Publications

No. 10/23, 6 - 10 March 2023

it.assistant@ipcnet.org 10 Mar 2023 92

MARKET REPORT - KEY HIGHLIGHTS

This week the pepper market continued showing a mixed response with only Indian pepper price reported with an increase.

Indian pepper price responded positive this week which partially contributed to the strengthening of the India Rupee
against the US Dollar (INR 81.92 @ 1 USD), recording a 1% appreciation.

As the Indonesian Rupiah weakened against the US Dollar (IDR 15,403 @ 1 USD) or 1% depreciation,
both local and international prices for Indonesia reported with a decreasing trend this week as some farmers keep their stock for prospect of higher price.

Both local and international prices for Malaysia reported stable and unchanged this week.

Despite the Sri Lankan Rupee strengthened against the US Dollar (LKR 325.62 @ 1 USD),
recording a 9% appreciation, local price for Sri Lankan pepper responded negative this week.

Vietnamese local black pepper price continued to be reported with a decreasing trend since last week.
Whilst, the others reported stable and unchanged.