Weekly Publications

No. 11/23, 13 - 17 March 2023

it.assistant@ipcnet.org 17 Mar 2023 109

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week continued showing a mixed response with Indian
and Sri Lankan pepper prices were reported with a decrease.

As the Indian Rupee weakened against the US Dollar (INR 82.50 @ 1 USD) recording a 1% depreciation,
Indian pepper price responded negative this week.

Both local and international prices for Indonesia reported stable this week as some farmers finished their intermittent harvest.

Local prices for Malaysian pepper reported with an increasing trend this week.
Whilst, international prices for Malaysian pepper remained stable and unchanged.

Local price for Sri Lankan pepper continued to be reported with a decreasing trend this week which partially contributed
to the weakening of the Sri Lankan Rupee against the US Dollar (LKR 328.64 @ 1 USD), recording a 1% depreciation.

After reported with a decreasing trend for the last two (2) weeks, Vietnamese local black pepper price responded positive this week.
Whilst, the others reported stable and unchanged.