06 December 2012
For the first time in many months, the Brazilian exporters have breached the psychologically important price of US$ 6000/mt FOB for ASTA. The last few days have seen prices trade wildy between US$ 5850 and US$ 6000 FOB Belem basis. There is clearly Click here for the rest of the article
19 November 2012
Buyers that sat out of the market for the last three weeks are being rewarded with lower prices from all the major origins. With the Vietnamese crop already beginning to arrive in Binh Phuoc and Dong Nai provinces, and the next Brazilian crop from Espirito Santo beginning in two weeks, the downward pressure is building again.Even though numbers for the Vietnamese crop as low as 90,000 mt were being bandied around the recent IPC meeting in Sri Lanka, the consensus Click here for the rest of the article
19 October 2012
Prices in Brazil at the farmer level moved up sharply at the beginning of the week on the back of some buying interest coming in from West Africa and Argentina. Farmer prices moved up about R$ 0.40/kg, and by Wednesday most of the shippers had withdrawn from the market or at least added some US$ 200/mt to their asking price.At the same time prices in Vietnam and Indonesia weakened. The SMX followed suit, with the October position closing today for 550 g/l SMX quality Click here for the rest of the article
15 October 2012
We received an email this morning from ABEP commenting on our Pepper report of 10th October 2012. As per Sr Johannes' request we are clarifying the content of that report in this report. As we mention in the text of the message to ABEP, it is not our intention to incite ill-will when we publish these reports. We sincerely hope that they are of interest to our clients. We are ALWAYS open to constructive criticism for whatever we write on this site, and subject to editorial Click here for the rest of the article
10 October 2012
There is an interesting report circulating around the market this morning attributed to ABEP stating that the Brazilian pepper crop this year is 22,000 mt implying that Brazil is facing a complete crop disaster.Even though we have not seen this report, it is extremely unlikely that the ABEP would have circulated such a number, even as a means to support the price for the Brazilian exporters. What the report probably says is that the crop in Click here for the rest of the article