Weekly Publications

No. 12/23, 20 - 24 March 2023

it.assistant@ipcnet.org 24 Mar 2023 95

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week shows a rather positive outlook with no origins reported with a decreasing trend as
Muslims around the world is celebrating the holy month of Ramadan.

The Indian pepper price reported stable this week.

As the Indonesian Rupiah strengthened against the US Dollar (IDR 15,303 @ 1 USD) or 1% appreciation,
both local and international prices for Indonesia reported with an increasing trend this week

Malaysian local white pepper prices continues to be reported with an increasing trend since last week.
Whilst, the others remained stable and unchanged.

After reported with a decreasing trend for the last two (2) weeks,
local price for Sri Lankan pepper responded positive this week which partially contributed to the strengthening of the Sri Lankan Rupee
against the US Dollar (LKR 325.64 @ 1 USD), recording a 1% appreciation.

Vietnamese local black pepper price continued to be reported with an increasing trend this week.
Whilst, the others reported stable and unchanged as the market was quiet and steady.