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Company News Update

We apologise for the downtime on the site. Unfortunately, the move of the Brazilian office from Fortaleza to Sao Paulo took considerably longer than we imagined. Furniture was lost in the move, it took the telephone company two months to install the phones, no internet access etc. Nonetheless, the new office is now up and running and the Brazilian office hopes to be able to provide an even better service than before.

We are also delighted to announce that Mahesh Vasani has opened our new office in Mumbai. Mahesh is ex Bond Commodities and Nidera, and has enormous experience in trading various commodities, particularly cashews and bulk commodities such as sugar, rice and edible oils. We very much look forward to further developing our cross-trade business in and out of this extremely important market. Mahesh can be contacted at mvasani@amberwoodtrading.com and his telephone numbers are - Office: +91 22 2883 1810, Mobile: +91 98672 66677.

Sadly, we also lost Frederik Muller from our Rotterdam office who has moved on to new pastures. Frederik helped us build up the spice department in Rotterdam and we are indebted to his help in this. We wish him the very best of luck at his new company.Theo Baan continues as your first port of call for spices out of Rotterdam.

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    26 Aug 2009 - Vietnam and India correct prices while more problems with the Brazil crop

    While the market has certainly eased in Vietnam and India on the back of profit taking, the situation in Brazil is looking somewhat bleak. Small lots (1 mt or less) of pepper are trading from the farmers to the exporters at R$ 4.10/kg + 0.10/kg freight, 5 mt lots at 4.20 to 4.30 + 0.10/kg freight, while truck loads are trading at R$ 4.50/kg.In speaking to the exporters and some Click here for the rest of the article
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    12 Aug 2009 - Pepper - Once bitten twice shy

    Vietnam and India tracked yesterday’s sharp fall in Brazil overnight with prices collapsing a further US$ 300/mt – Viet 500 gl dropping from US$ 2730 FOB to US$ 2400 FOB, Click here for the rest of the article
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    11 Aug 2009 - Pepper Collapses!! (or has it???)

    Yesterday we put out a bullish report and the market collapsed. It seems that the report was widely circulated in the origin countries. The following is the other half of Click here for the rest of the article

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    10 Aug 2009 - Pepper - "Covering the Default"

    From a technical point of view the pepper market has entered an extremely dangerous phase. If the market shows no significant signs of weakness in the next few days Click here for the rest of the article
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    23 Jul 2009 - Short covering leads to higher prices

    Brazil Crop Reports from Brazil suggest that the crop will be smaller than last year by some 20% and probably four to eight weeks late. The heaviest rains in Click here for the rest of the article