Weekly Publications

No. 03/23, 16 - 20 January 2023

it.assistant@ipcnet.org 20 Jan 2023 118

MARKET REPORT - KEY HIGHLIGHTS

The market this week continued showing a mixed response as the Chinese new year of 2023 to be celebrated in the coming days.

Indian pepper price continued to be reported with an increasing trend since last week as Indian pepper crop would come in a month.

Even though Indonesian Rupiah strengthened against the US Dollar (IDR 15,109 @ 1 USD),
recorded 2% appreciation, both local and international prices for Indonesia responded negative this week.

Malaysian local price continued to be reported with an increasing trend for the last four (4) weeks which could be contributed
to the strengthening of the Malaysian Ringgit which strengthened against the US Dollar (MYR 4.32 @ 1 USD), recording a 1% appreciation,
Whilst, Malaysia international price remained stable and unchanged.

After reported stable for the last three (3) weeks, local price for Sri Lankan pepper reported positive this week.

Viet Nam black pepper local price continued to be reported negative since last week whilst Viet Nam white pepper local price
remained stable and unchanged. Furthermore, Viet Nam international price continued to be reported positive since
the end of December 2022 as Vietnamese people welcomed Tet Holiday.