IPC PEPPER MARKET REPORT WEEK 20 – KEY HIGHLIGHTS

 

The pepper market this week showed a mix response as some foreign exchange slightly weakened against the US dollar.

The Indian pepper price reported with a decreasing trend this week which partially contributed to the weakening of the Indian Rupee against the US Dollar (INR 82.43 @ 1 USD) or 1% depreciation.

Even though the Indonesian Rupiah weakened against the US Dollar (IDR 14,858 @ 1 USD) or 1% depreciation, both local and international prices for Indonesia reported with an increasing trend this week.

As the Malaysian Ringgit weakened against the US Dollar (MYR 4.52 @ 1 USD) or 2% depreciation, local prices for Malaysian pepper reported with a decreasing trend this week. Whilst, international price for Malaysian pepper continued to be reported stable and unchanged.

Local price for Sri Lankan pepper continued to be reported with an increasing trend for the last two (2) weeks which partially contributed to the strengthening of the Sri Lankan Rupee against the US Dollar (LKR 309.89 @ 1 USD) or 2% appreciation.

Only Vietnamese local white pepper reported with a decreasing trend this week. Whilst, the others remained stable and unchanged.