Weekly Publications

No. 28/23, 10 - 14 July 2023

it.assistant@ipcnet.org 14 Jul 2023 118

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week shows a mix response with only local price for Sri Lankan pepper reported with a decreasing trend.

The Indian pepper price continues to be reported stable since mid-June.

Indonesian white pepper continues to be reported with an increasing trend since last week.
Whilst Indonesian black pepper continues to be reported stable for the last two (2) weeks.

As the Malaysian Ringgit strengthened against the US Dollar (MYR 4.62 @ 1 USD) or 1% appreciation,
the local prices for Malaysian pepper reported with an increasing trend this week.
Whilst the international price for Malaysian pepper remained stable and unchanged.

Local price for Sri Lankan pepper continues to be reported with a decreasing trend for the last two (2) weeks
which partially contributed to the weakening of Sri Lankan Rupee against the US Dollar (LKR 313,83 @ 1 USD) or 1% depreciation.

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

Black and white pepper prices continues to be reported stable from origins with more activity in the US market.
However, demand was still weak for countries like China and in European Unions. Furthermore,
Muntok white pepper was reported at USD 6,850 CF for July / August / September.