Weekly Publications

No. 22/23, 29 May - 2 June 2023

it.assistant@ipcnet.org 02 Jun 2023 108

MARKET REPORT - KEY HIGHLIGHTS

The pepper market this week showed a mix response with only Malaysian local pepper price reported with a decreasing trend.

The Indian pepper price continued to be reported with an increasing trend for the last two (2) weeks.

Both local and international prices for Indonesia reported stable since last week.

As Malaysian Ringgit weakened against the US Dollar (MYR 4.61 @ 1 USD) or 1% depreciation,
the local prices for Malaysian pepper continued to be reported with a decreasing trend for the last three (3) weeks.
Whilst, the international price for Malaysian pepper remained stable and unchanged.

Even though the Sri Lankan Rupee strengthened against the US Dollar (LKR 295.21 @ 1 USD) or 3% appreciation,
local price for Sri Lankan pepper reported stable this week.

Only Vietnamese local black pepper price reported with an increasing trend this week. Whilst, the others reported stable and unchanged.

Black and white pepper prices were reported to fluctuate to an unchanged undertone for the last two (2) weeks
with more buyer activity for the 4th quarter position. Furthermore, Muntok white pepper was reported at USD 6,200 CF for June / July / August.