Weekly Publications

No. 38/22, 19 - 23 September 2022

it.assistant@ipcnet.org 23 Sep 2022 154

MARKET REPORT - KEY HIGHLIGHTS

The market this week showed a mixed response with only Sri Lankaâ€™s local pepper price reported
with an increase as most currency weakened against US Dollar.

After reported stable for the last two (2) weeks, Indian pepper price responded negative this week due to
the weakening of the Indian Rupee against US Dollar (INR 80.11 @ 1 USD), recorded 1% depreciation.

As Indonesian Rupiah weakened against US Dollar (IDR 15,000 @ 1 USD), recorded 1% depreciation,
pepper price for Indonesia reported a decrease this week as exports continued to be reported less as well as rare stock in farmer\'s level.

Malaysian local pepper price responded negative this week which could also be contributed to
the weakening of Malaysian Ringgit against US Dollar (MYR 4.56 @ 1 USD), recording 1% depreciation.
Whilst, Malaysia international price continued to be reported stable and unchanged.

Following five (5) weeks without an increasing trend, local price for Sri Lankan pepper reported positive this week.

Viet Nam local price reported with a decreasing trend this week.
Whilst, Viet Nam international price reported stable and unchanged.

US market was reported unstable which could be contributed to world inflation.
Furthermore, Muntok white pepper was reported at USD 7,200 CF September/October.