Weekly Publications

No. 02/23, 9 - 13 January 2023

it.assistant@ipcnet.org 13 Jan 2023 162

MARKET REPORT - KEY HIGHLIGHTS

The market in the second week of 2023 showed a mixed response with only Viet Nam black pepper local pepper price reported with a decrease.

Indian pepper price reported with an increasing trend this week which partially contributed
to the strengthening of the Indian Rupee against the US Dollar (INR 81.65 @ 1 USD), recorded 1% appreciation.

Both local and international prices for Indonesia responded positive this week which could be contributed
to the strengthening of the Indonesian Rupiah against the US Dollar (IDR 15,447 @ 1 USD),
recorded 1% appreciation as demand is quite high but both the exporter and middlemen were hindered to get pepper due to less stock.

As the Malaysian Ringgit strengthened against the US Dollar (MYR 4.37 @ 1 USD), recording a 1% appreciation, Malaysian local price continued
to be reported with an increasing trend since the end of December 2022. Whilst, Malaysia international price remained stable and unchanged.
Furthermore, The Malaysian Pepper Board (MPB) has partnered with the local university to conduct research to produce fertilizer for pepper
plants using local raw material in order to reduce dependence on chemical fertilizer as well as reduce pepper production costs.

Local price for Sri Lankan pepper continued to be reported stable for the last three (3) weeks.

Viet Nam black pepper local price responded negative this week whilst Viet Nam white pepper local price remained stable and unchanged.
Furthermore, Viet Nam international price continued to be reported positive for the last three (3) weeks as the Viet Namâ€™s market was quiet.