INDONESIAN CLOVES

----- Original Message -----
From: Ingtraco
To: PEPPERTRADE
Sent: Sunday, May 14, 2006 10:44 PM
Subject: INDONESIAN CLOVES
Dear Mr. Michail Wagapoff

Good morning & hope you always fine. Thanks for your e-mail message.

Today local price in Indonesia is Rp 45,000-46,000 / kg. Exchange rate is Rp 8,800 / 1 USD.

Mostly of traders keep their stock due to they have opinion that the price will be higher due to harvest in this year which started on May is only 60% than ussual due to too much rain. But cigarette factories are buying in small quantity now.

Thanks & best regards
John Andreas

CLOVES

----- Original Message -----
From: dhirish
To: peppertrade@olcom.com.br
Sent: Monday, May 15, 2006 5:23 AM
Subject: regt cloves
dear sir

we recd info that indonesia crop this year only 20%, so prices are going even before crop arrd, today prices at usd 4700-4800, some cloves prices at usd 5100

today we heard the news of volcano in indonesia, java area, , cloves are grown there in big way, all cloves exporters are withdrwan, no sellers for cloves

we see this year cloves prices will reach high prices, may be usd 7500-8000 too

srilanka cloves crop was only 2000 tons, usual crop is 5000 tons,, india buys 90% crop, as import duty is only 4% for indian importers, now no crop left prices at usd 8000 today, no sellers too

new crop will take 6 months time, till then import demand from india woiill rise, indonesia cigar co will buy cloves too, so world mkt will face about 50000 tons shortages, we think prices will increase soonest in coming few weeeks

best regards

CLOVES MARKET RENDS

To: Trader Peppertrade - OL
Sent: Sunday, May 14, 2006 12:30 PM
Sear Sirs
Does anybody may explain how is the situation of the Indonesia crop of Cloves and what are the trends of this market ?
Marcelo
Salvador - Bahia

Pakistan to open door to Indian pepper ?

Today on the The Hindu Business Line

...On the anticipation that Pakistan pepper market would open up for Indian product soon, north Indian buyers came forward buying futures at premium prices. There is said to be a move from the Indian side to get the import duty reduced by Pakistan for Indian pepper at least at par with that levied on Vietnam pepper. Currently, the duty is 32 per cent where as it is 5 per cent for Vietnamese product...

Vietnam leads pepper exports

Vietnam leads pepper exports

(ICARD-12/05/06) The International Pepper Community (IPC) reports a sharp rise in Vietnamese pepper exports over the last three months. In the first three months of 2006, Vietnam exported 26,574 tonnes of pepper, an increase of 42 per cent against the same period last year. Vietnam now produced 60 per cent of the pepper exported worldwide. *

India has become one of the biggest importers of Vietnamese pepper. In March, the country imported about 1,902 tonnes of pepper from Vietnam, 87 tonnes of which was white pepper.

WELLCOME MESSAGE

Wellcome to the Spice Board Blog.

We created this midia space to allow the spice traders express their ideas, opinions, critics and discuss the history, present situation and, futures trends, collaborating thus to improve the development of thisn industry.

All the point of view, ideas, claims and information will be published and signed by the posters.

We hope that this space may congregate the community and become an important tool to increase our knowledge about the market.

Please do not consider this space as a commercial market place - NO TRADING OFFERS WILL BE ACCEPTED.

Thank you and hope to see you all here soon.
Michail Wagapoff