Weekly Publications

No. 09/23, 27 February - 3 March 2023

it.assistant@ipcnet.org 03 Mar 2023 109

MARKET REPORT - KEY HIGHLIGHTS

This week the pepper market continued showing a mixed response.

The Indian pepper price responded negative this week.

Both local and international prices for Indonesia reported stable this week as some exporters traded their inventory.

As the Malaysian Ringgit weakened against the US Dollar (MYR 4.48 @ 1 USD), recorded 1% depreciation,
the Malaysian black local price continued to be reported with a decreasing trend since last week. Whilst, the other prices reported stable.

After reported without an increasing trend for the last three (3) weeks, local price for Sri Lankan pepper responded positive this week
which could be contributed to the strengthening of the Sri Lankan Rupee against the US Dollar (LKR 356.48 @ 1 USD), recording a 2% appreciation.

Vietnamese local black pepper price reported with a decreasing trend this week. Whilst, the local white pepper price reported stable.
Furthermore, Vietnamese international price reported with an increasing trend.