Weekly Publications

No. 39/22, 26 - 30 September 2022

it.assistant@ipcnet.org 30 Sep 2022 140

MARKET REPORT - KEY HIGHLIGHTS

The market this week shows a mixed response with only Sri Lankan local pepper price continued to be
reported with an increase as most currencies remained weakened against US Dollar.

Indian pepper price remained negative this week which partially contributed to
the weakening of the Indian Rupee against the US Dollar (INR 81.61 @ 1 USD), recorded 1% depreciation.

Pepper price for Indonesia continuesto be reported with a decreasing trend this week due to
the weakening of the Indonesian Rupiah against the US Dollar (IDR 15,199 @ 1 USD),
recorded 1% depreciation as less pepper transaction and harvest this year compared to
the previous year due to unfavorable weather with excessive rainfall.

As the Malaysian Ringgit weakened against the US Dollar (MYR 4.62 @ 1 USD), recording a 1% depreciation,
the Malaysian local pepper price responded negative since last week.
Whilst, the Malaysian international price continued to be reported stable and unchanged.