Weekly Publications

No. 23/23, 5 - 9 June 2023

it.assistant@ipcnet.org 09 Jun 2023 89

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week showed a mix response with only Indonesian pepper price reported with an increasing trend.

After reported with an increasing trend for the last two (2) weeks, the Indian pepper price reported with a decreasing trend this week.

After reported stable for the last two (2) weeks, both local and international prices for Indonesia reported with an increasing trend this week which partially contributed to strengthening of the Indonesian Rupiah against the US Dollar (IDR 14,872 @ 1 USD) or 1% appreciation.

After reported with a decreasing trend for the last three (3) weeks, the local prices for Malaysian pepper responded positive this week. Whilst, the international price for Malaysian pepper remained stable and unchanged.

Even though the Sri Lankan Rupee strengthened against the US Dollar (LKR 291.85 @ 1 USD) or 1% appreciation, local price for Sri Lankan pepper continued to be reported stable since last week.

Vietnamese local pepper price reported with a decreasing trend this week. Whilst, international prices for Viet Nam continued to reported stable and unchanged for the last four (4) weeks.