THE WEEKLY IPC NEWSLETTER ISSUE 43/2023 (OCTOBER 23-27, 2023)
Oct, 2023
- Global – This week’s market continued to exhibit a negative response, with no producing nation reporting an increase in prices.
- India – Indian pepper prices remained stable this week.
- Indonesia – Against the backdrop of the Indonesian Rupiah depreciating by 1% against the USD (15,911 IDR/USD), both domestic and export pepper prices in Indonesia observed a decline over the past week.
- Malaysia – Domestic pepper prices in Malaysia have seen a decline over the past two weeks, partly due to the Malaysian Ringgit depreciating by 1% against the USD (4.78 MYR/USD). Meanwhile, export pepper prices have remained stable and unchanged.
- Sri Lanka – Despite the Sri Lankan Rupee depreciating by 1% against the USD (326.21 LKR/USD), local pepper prices in Sri Lanka continued to remain stable, as they were in the previous week.
- Vietnam – Both domestic and international pepper prices in Vietnam have remained stable over the past week, largely attributed to a stable domestic market.