Weekly Publications

No. 29/23, 17 - 21 July 2023

it.assistant@ipcnet.org 21 Jul 2023 96

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week showed a rather positive response with no origins reported a decreasing trend.

After reported stable for the last five (5) weeks, the Indian pepper price reported with an increasing trend this week.

Both local and international prices for Indonesia reported stable this week.

Local prices for Malaysian pepper continued to be reported with an increasing trend since last week
which partially contributed to the strengthening of the Malaysian Ringgit against the US Dollar (MYR 4.55 @ 1 USD) or 2% appreciation.
Whilst the international price for Malaysian pepper remained stable and unchanged.

Even though the Sri Lankan Rupee weakened against the US Dollar (LKR 322,78 @ 1 USD) or 3% depreciation,
local price for Sri Lankan pepper reported with an increasing trend this week.

Both local and international prices for Vietnamese pepper continued to be reported stable and unchanged this week
as the market continued to be reported quiet.