Agri Buzz: Malaysian Pepper Prices Retreat

The global black pepper market continues to show moderation around major sources though Indian market is witnessing some recovery. In Lampung, Sarawak and Sri Lanka, the price of black pepper decreased compared to the previous week with the biggest drop in Sarawak Malaysia where prices slipped around 6%. This was primarily led by the harvesting activities in the country followed by Ramadan and the recent weakening of local currency against US Dollar.