Weekly Publications

No. 06/23, 6 - 10 February 2023

it.assistant@ipcnet.org 10 Feb 2023 99

MARKET REPORT - KEY HIGHLIGHTS

The market this week showed a mixed response as some local currency weakened against the US dollar.

Indian pepper price responded negative this week which partially contributed to the weakening of the India Rupee against the US Dollar (INR 82.70 @ 1 USD), recording a 1% depreciation.

As the Indonesian Rupiah weakened against the US Dollar (IDR 15,115 @ 1 USD), recorded 1% depreciation,
both local and international prices for Indonesia responded negative this week.

Even though the Malaysian Ringgit weakened against the US Dollar (MYR 4.31 @ 1 USD), recording a 1% depreciation,
Malaysian local price continued to be reported with an increasing trend for the last seven (7) weeks.
Whilst, Malaysia international price remained stable and unchanged.

Local price for Sri Lankan pepper responded negative this week.

Only Viet Nam black pepper local price reported with an increasing this week,
whilst the others reported stable and unchanged.

The US Market prices reported with China showed a significant increase in the demand for black and white pepper.
The increase in demand led to a boom in the pepper market. Furthermore, Muntok white pepper was reported at USD 5,950 CF for February/March 2023.