The 2007 new crop of black pepper from India looks not so promising for domestic traders and exporters with diseases taking its toll on number of vines. Farmers also have not taken proper care of the crop due to the unremunerative prices and high wages. Farm gate wage of worker is almost U.S. $ 6 per day in india besides the cost of land has become so prohibitive for cultivation.
The crop in Karnataka, which in the recent years surpassed the biggest pepper producing state Kerala, is alarming. The southern part of Coorg may have 12,000 mt while the northern part comprising the major growing areas in the state output is likely to fall to 8,000 mt from 20,000 mt last year.
The major producing areas in Kerala, Idukki and wayanad are also expecting much lesser crop and the only promising area this year is the plains where pepper cultivation is scattered in many small holdings. As of now the Kerala crop will be only 25,000 mt while in the neighbouring state Tamil Nadu Gudallore appears promising with 4000-45000 mt. However Pattiveeranpatti, the other major production centre in TN output may stay flat.
We expect farmers to hold most of the stocks in 2007 due to the good amount of iron stocks lying in northern India and heavy selling by farmers at the recent bull run. In all probability 2007 is going to turn out as an year of expectation for pepper farmers as we have seen the 10 year cycle performing very well with regard to prices from 1957 till 1997.
With producing countries Malayasia and Indonesia slowly going out of pepper cultivation and the entire world relying on one producing nation Vietnam who are yet to learn the way of holding stocks like Indian and Brazilian farmers, 2007 will be very interesting for pepper growers, traders, exporters and importers. Apart from Vietnam the other pepper growing countries are rapidly developing economically, which has pushed up the labour charges. The fertility of the soil has fallen sharply leading to complacency in replanting and proper farm-care for current holdings.
One should not forget that India still has 35000 mt of pepper stocks lying with farmers, traders and commodity exchanges of which 20000 mt will not be shown to the world as Black gold has really helped the farmers and traders in the past. The present activities in the national commodity exchanges where they trade 35000 mt on an average can influence the pepper market to a greater extent in the coming days.
Best regards
Jojan
Sunday, November 12, 2006
Tuesday, October 17, 2006
CLOVES UPDATE
Hi,Any report about Madagaskar cloves??
Singapore traders are turning bearish on cloves from Madagaskar.
Current price;Indonesia Cloves (Lal Pari) good quality USD 4600 ex. Singapore warehouse Madagaskar Cloves around USD 4000/4400 depending on quality.
Will appreciate update on my gargram@gmail.com
CheersRam GargPaaram
InternationalMobile: +65 91012520
Singapore traders are turning bearish on cloves from Madagaskar.
Current price;Indonesia Cloves (Lal Pari) good quality USD 4600 ex. Singapore warehouse Madagaskar Cloves around USD 4000/4400 depending on quality.
Will appreciate update on my gargram@gmail.com
CheersRam GargPaaram
InternationalMobile: +65 91012520
Monday, September 25, 2006
PEPPER MARKET - WHY SO VOLATILE ALL OF SUDDEN
The 37th IPC meeting held earlier this September in Sri Lanka has come to a conclusion that a general global decline in pepper production should be expected in in 2007.
This conclusion justified the bullish market trends. Actually we´ve witnessed a long time orchestrated efforts for market recovering from a 7 years long depression, since Vietnam decided to invest seriuosly in the pepper industry.
This conclusion justified the bullish market trends. Actually we´ve witnessed a long time orchestrated efforts for market recovering from a 7 years long depression, since Vietnam decided to invest seriuosly in the pepper industry.
In the chart below we may see the prices /production behaviour before and after Vietnam entering the world market.
In few years Vietnam became the biggest and the cheapest producer and exporter responsible for half of the pepper in the world.
This brilliant strategy gave the market a long time not seen stability even at low prices and made most of the competition to become less atracted by this industry searching alternatives crop that would pay better pricing.
Once consolidated his placement in the market Vietnam authorities improved programs targeting a better pay-off for its pepper plantations improving quality and value-added products like the white pepper.
It also worked, helped by a favourable world dituation and in the year of 2006 they conquered the American market. Not only this but Vietnam priviledged situation attracted some big international players who installed trade points in an atempt to somehow control the market.
Analizing the chart above we may notice that for the last 20 years the international prices and the world production had inverse simetrical path which is absolutely normal.
Unfortunately we do not have figures for the international trade before 1997 ( in green).
Nevertheless 2 things are evident:
1- The trades are always less than production which may be justified by local consumption and carryover stocks. If the green line would be sometime above the blue it would mean that carryovers are consummed and a potential shotage is created, which is not the case in recent years.
2- A big carryover stock was created during the last years, particullary since the year of 2000 when Vietnam begun to strongly improve its production.
Actualy just analizing this chart wouldn´t give any plausible reason for the sudden rise in prices that happened in July 2006 cause all the other parameters continued their path steadily.
India has a huge internal consumption a highly developed trading system and exchange trades. The futures trade
as we commented before are not always used by the real pepper dealers. If you put toghether several factors that may justify a mass cataraze it can explain the creation of an uncotrolable movement towards an objective - in this case the prices rise.
It is evident and legitimate that producers want to get better prices for their work. If this wishfull thinking perceives some other facts that may support it and the response from other parties begin to happen, than it is a snowball and an avalanche - no one can stop it till it gets to the crossroad.
And in this case the crossroad is: Will prices be sustained ?
Thursday, August 17, 2006
My hearty congratulations to you...
Dear Michail
My hearty congratulations to you for sharing on your thoughts on black pepper.In fact you have come out with the actual thought of pepper exporters, pepper traders and people who are connected with pepper from india i must say.Actually they are in a situation where they have no role to play where it is controlled by cartels and operators who may have not seen pepper at all.
I an sure that out of india most of the contracts which was done for june,july, august and september shipments are in the range of usd 1600 and usd 1800 pmt cfr ny and Losnageles. May be one or two parcels of usd 1.00/lb may be there but since last two months we being one amongst the first three exporters have not seen any buying interest at all from usa or europe because of the very high prices.
The exporters here are happy in one way,they can still buy farmgate at current levels and export it to the warehouses of public pepper exchanges without any problem realising quick cash flows and dont have to wait for months to get the export freight subsidy from government.
But other producing country exporters they have only one alternative either perform and loose heavily or default.What i would suggest is to approach government of india through IPC and start an international exchange for pepper in india so all concerned in the trade can hedge or play games or whatever they want to.
Take care
Best regards
My hearty congratulations to you for sharing on your thoughts on black pepper.In fact you have come out with the actual thought of pepper exporters, pepper traders and people who are connected with pepper from india i must say.Actually they are in a situation where they have no role to play where it is controlled by cartels and operators who may have not seen pepper at all.
I an sure that out of india most of the contracts which was done for june,july, august and september shipments are in the range of usd 1600 and usd 1800 pmt cfr ny and Losnageles. May be one or two parcels of usd 1.00/lb may be there but since last two months we being one amongst the first three exporters have not seen any buying interest at all from usa or europe because of the very high prices.
The exporters here are happy in one way,they can still buy farmgate at current levels and export it to the warehouses of public pepper exchanges without any problem realising quick cash flows and dont have to wait for months to get the export freight subsidy from government.
But other producing country exporters they have only one alternative either perform and loose heavily or default.What i would suggest is to approach government of india through IPC and start an international exchange for pepper in india so all concerned in the trade can hedge or play games or whatever they want to.
Take care
Best regards
Better stay away from the market rather than swimming against the tide.
Dear Sir,
There is a basic economic reason for the market to move up.The demand for the second half of the year is exceeding supply.
That is why the market is showing strength.It has moved up faster because there were some smart businessmen who understood the scene and made money out of it.
If sellers can take a bearish call and sell for the crop which is still to come,why cant any one take a bullish call?
Hoarding and selling in advance are part and parcel of our business.Everybody is into business to make money right?
It would be best to stay away from the market rather than swimming against the tide.
Thanks.....
Regds,
There is a basic economic reason for the market to move up.The demand for the second half of the year is exceeding supply.
That is why the market is showing strength.It has moved up faster because there were some smart businessmen who understood the scene and made money out of it.
If sellers can take a bearish call and sell for the crop which is still to come,why cant any one take a bullish call?
Hoarding and selling in advance are part and parcel of our business.Everybody is into business to make money right?
It would be best to stay away from the market rather than swimming against the tide.
Thanks.....
Regds,
Wednesday, August 16, 2006
Pepper Market on the Edge
After several years of stable market under the Vietnam hegemony all of sudden the placid lake waters turned in to a powerfull tsunami raged vages.
An increase in average prices from 1,300 upt to 2,400 dolars equals to aproximatelly 85% in just 40 days or so.
Who may absorb and how to absorb such turn up ?
First it must be considered that the only public exchanges trading pepper futures are in India. Futures trade was originaly conceived to hedge ( protect) physical trade.
Lately this noble reason has been somehow forgotten and futures trade became a profitable business itself.
Pepper operators in these exchanges are becoming rare players. Big parcel of exchage traders are financial or even common people without any relationship nor knowledge of the physical trade, looking for easy profits and, oftenly, loosing their money in such casinos.
So the actual purpose of this roller-coaster is to keep prices moving up and down in order to realize the spreads. Actually nobody cares about the product itself which is the base for all this entretainment. Read full article...
An increase in average prices from 1,300 upt to 2,400 dolars equals to aproximatelly 85% in just 40 days or so.
Who may absorb and how to absorb such turn up ?
First it must be considered that the only public exchanges trading pepper futures are in India. Futures trade was originaly conceived to hedge ( protect) physical trade.
Lately this noble reason has been somehow forgotten and futures trade became a profitable business itself.
Pepper operators in these exchanges are becoming rare players. Big parcel of exchage traders are financial or even common people without any relationship nor knowledge of the physical trade, looking for easy profits and, oftenly, loosing their money in such casinos.
So the actual purpose of this roller-coaster is to keep prices moving up and down in order to realize the spreads. Actually nobody cares about the product itself which is the base for all this entretainment. Read full article...
Friday, July 28, 2006
Indian pepper growers faced with sell or hold dilemma
By K.P. Sethunath
Kochi, Jul. 27 (CRISIL MarketWire) –
To sell or hold is the dilemma facing pepper growers even as Indian pepper is getting too hot for overseas buyers with prices surging ahead rapidly during the past few days, dealers said. Lack of fresh export orders is worrying as India may miss a good opportunity to recapture part of the global market share it lost to Vietnam, they said.
* * *
Sell or hold:
A section of dealers said it would be prudent for sellers to offload part of their stocks to take advantage of the current high prices.
ndia is the only place having enough ready stocks and it should sell part of it before supply from countries like Indonesia reach market, they said.
“India should not hold umbrella for others to jack up price as there is no guarantee that they will not under quote to sell their stuff,” said a dealer.
A concerted move to sell part of the holding is unlikely, as priorities of individual sellers are different, said Ajay Mariwala, a leading exporter.
“It (strategic selling) is a nice idea, but I don’t think it sounds practical,” he said.
Tight supply due to sellers holding stocks will not allow any such concerted action, said Kishore Shamji, another leading exporter.
“Where is the pepper,” was his reply when asked about chances of sellers offloading part of stocks to take advantage of the situation.
Global Supply:
Jakarta-based International Pepper Community has projected a 10-15% fall in global pepper output during 2006 (Jan-Dec) compared with last year.
Adverse climatic conditions, low productivity etc. are some of the reasons cited for fall in output.
This is the major factor triggering the present high prices.
Vietnam the largest supplier to the world is left with little stocks, as they have exported bulk of their output, said Thomas Philip of Cochin Spices.
Indonesia, another major producer is also likely to have lower output this year (2006) compared with last year (2005).
Indonesian crop, expected to be around 15,000 tonnes compared with 22,000 tonnes last year, is also delayed due to adverse weather, he said.
It is expected only in second week or late August, he added.
Brazil, another major pepper producer, is also expected to show lower output this year, he said.
According to IPC, total output in major producing countries, is estimated to be 201,800 tonnes in 2006, down 33,200 tonnes compared with last year.
Prices peaking too early:
Estimates by IPC are pointing towards a tight supply situation leading to bullish phase for pepper, dealers said.
However, most of them feel that domestic prices have peaked too early.
“The situation is appears to be bullish for pepper. But we feel domestic prices peaked little early,” said Jojan Malayil, of Bafna Enterprises.
“We expected prices to scale the current level after getting a clear picture of Indonesian crop,” he said.
However, a section of dealers said there was nothing unusual in prices going up, as it was natural for sellers to take advantage of the anticipated fall in production.
Pepper spot prices in Kochi gained 5.5% Wednesday to 9,500 rupees per 100 kilogram compared with Tuesday while futures also made handsome gains.
Kochi, Jul. 27 (CRISIL MarketWire) –
To sell or hold is the dilemma facing pepper growers even as Indian pepper is getting too hot for overseas buyers with prices surging ahead rapidly during the past few days, dealers said. Lack of fresh export orders is worrying as India may miss a good opportunity to recapture part of the global market share it lost to Vietnam, they said.
* * *
Sell or hold:
A section of dealers said it would be prudent for sellers to offload part of their stocks to take advantage of the current high prices.
ndia is the only place having enough ready stocks and it should sell part of it before supply from countries like Indonesia reach market, they said.
“India should not hold umbrella for others to jack up price as there is no guarantee that they will not under quote to sell their stuff,” said a dealer.
A concerted move to sell part of the holding is unlikely, as priorities of individual sellers are different, said Ajay Mariwala, a leading exporter.
“It (strategic selling) is a nice idea, but I don’t think it sounds practical,” he said.
Tight supply due to sellers holding stocks will not allow any such concerted action, said Kishore Shamji, another leading exporter.
“Where is the pepper,” was his reply when asked about chances of sellers offloading part of stocks to take advantage of the situation.
Global Supply:
Jakarta-based International Pepper Community has projected a 10-15% fall in global pepper output during 2006 (Jan-Dec) compared with last year.
Adverse climatic conditions, low productivity etc. are some of the reasons cited for fall in output.
This is the major factor triggering the present high prices.
Vietnam the largest supplier to the world is left with little stocks, as they have exported bulk of their output, said Thomas Philip of Cochin Spices.
Indonesia, another major producer is also likely to have lower output this year (2006) compared with last year (2005).
Indonesian crop, expected to be around 15,000 tonnes compared with 22,000 tonnes last year, is also delayed due to adverse weather, he said.
It is expected only in second week or late August, he added.
Brazil, another major pepper producer, is also expected to show lower output this year, he said.
According to IPC, total output in major producing countries, is estimated to be 201,800 tonnes in 2006, down 33,200 tonnes compared with last year.
Prices peaking too early:
Estimates by IPC are pointing towards a tight supply situation leading to bullish phase for pepper, dealers said.
However, most of them feel that domestic prices have peaked too early.
“The situation is appears to be bullish for pepper. But we feel domestic prices peaked little early,” said Jojan Malayil, of Bafna Enterprises.
“We expected prices to scale the current level after getting a clear picture of Indonesian crop,” he said.
However, a section of dealers said there was nothing unusual in prices going up, as it was natural for sellers to take advantage of the anticipated fall in production.
Pepper spot prices in Kochi gained 5.5% Wednesday to 9,500 rupees per 100 kilogram compared with Tuesday while futures also made handsome gains.
VIETNAM PEPPER
Dear Sir
Thanks you very much for your email,
We are very glad to send you the information about the VIETNAM PEPPER as below:
As you know, the weather is not good in this year, so the productivity of this goods had been reduced about 30% comparing with the last year. Otherwise, there are a lot of tree died.
In this time, the market situation of this goods in Vietnam is very serene and scarce, the demand is bigger than supply. Therefore the price is very high.
It is very difficult for us buying this goods from domesict to send you the best quotation now. If this situation will be light in the next days then we will recalculate and send you the best offer.
Once again, thanks you very much for your warm cooperation.
Thanks with best regards,
DIRECTOR : Mr LE VAN ANH
COMPANY NAME: VEGETEXCO I HANOI, VIETNAM
Thanks you very much for your email,
We are very glad to send you the information about the VIETNAM PEPPER as below:
As you know, the weather is not good in this year, so the productivity of this goods had been reduced about 30% comparing with the last year. Otherwise, there are a lot of tree died.
In this time, the market situation of this goods in Vietnam is very serene and scarce, the demand is bigger than supply. Therefore the price is very high.
It is very difficult for us buying this goods from domesict to send you the best quotation now. If this situation will be light in the next days then we will recalculate and send you the best offer.
Once again, thanks you very much for your warm cooperation.
Thanks with best regards,
DIRECTOR : Mr LE VAN ANH
COMPANY NAME: VEGETEXCO I HANOI, VIETNAM
BLACK PEPPER MARKET
Mr Michail Wagapoff ,
Hello Sir , How are you ?
Thanks for your reports on pepper market .
The sudden rise in pepper market in the last 4 weeks the increase is about 40%, price has risen from Rs 70000/ to 95000/ per MT ( 1500 to 2050 USD)unprocessed.
According to me it is not a artificial rise , but a situation which has risen from the REAL GLOBAL SHORTAGE prevailing.
The stock are with the financially strong growers and traders , In India we are of the opinion that a further rise in market upto RS 125000/ per MT (2700 USD) in the coming months.
In VIETNAMS, southeastern region the supporting trees have died affecting the PEPPER CREEPERS , There are news of droughts in VIETNAM.
To what extend are these reports true ?
Will this affect VIETNAMS coming years crop ?
Please let me know your BRAZILIAN PEPPER market.
Thanks and regards.
Mukesh Patel.
Mangaloer. (INDIA)
Hello Sir , How are you ?
Thanks for your reports on pepper market .
The sudden rise in pepper market in the last 4 weeks the increase is about 40%, price has risen from Rs 70000/ to 95000/ per MT ( 1500 to 2050 USD)unprocessed.
According to me it is not a artificial rise , but a situation which has risen from the REAL GLOBAL SHORTAGE prevailing.
The stock are with the financially strong growers and traders , In India we are of the opinion that a further rise in market upto RS 125000/ per MT (2700 USD) in the coming months.
In VIETNAMS, southeastern region the supporting trees have died affecting the PEPPER CREEPERS , There are news of droughts in VIETNAM.
To what extend are these reports true ?
Will this affect VIETNAMS coming years crop ?
Please let me know your BRAZILIAN PEPPER market.
Thanks and regards.
Mukesh Patel.
Mangaloer. (INDIA)
Saturday, May 27, 2006
CLOVES MARKET - WHERE´S THE TRUTH ?
It has been more than one month already that we feel the cloves market very speculated with a sort of bullish reports but not big activity.
Peppertrade editors have a baseline to avoid speculative actions and movements, checking and re-checking received information in order to preserve our credibility and transmit as close as possible the market reality.
For this reason we kept in silence during all this time, moreover because the real true information about the crops, industry and stocks of the cloves is very difficult to be obtained within the desired accuracy.
However when news are being published in the big press we feel obliged to inform our readers too, even under this little considerations.
Apparently it is expected a big shortage of cloves this year, which is causing great boom in demanded prices.
Expectations are that these prices may reach somewhere between 6 and 8 thousand dollars per ton until the end of the year which is when the new African and Brazilian crops begin.
It has been reported that traders quoted Madagascan cloves at between $4,800 and $4,900 a tonne cif Singapore and at E 3,679 ($4,700) a tonne cif European ports at this moment and Indonesian offers were ranging from $5,500 to $5,800 a tonne c&f Indian ports.
Some traders say that, in view of the anticipated lower Indonesian output this year, prices of Indonesian cloves are likely to face sharp increases over the coming weeks. Trade estimates have pegged the Indonesian crop at just 35,000 tonnes. "They need at least twice this volume, " they say.One Bangalore trader remarked that world markets were virtually empty of clove stocks and he predicted that prices could easily surge to at least $6,500 a tonne over the coming weeks.
"The market is short and prices are high."
This is what some traders say. It is reported by some, that presently the market in Singapore is currently more expensive than that in Europe.The instability of the rupiah is making the market in Singapore and the Far East nervous. "As soon as it is stable again the market will move, " is been predicted.
Singapore, Pakistan and Dubai are headquarters of big stockist which may bring a sort of stability to the market with availablity all round the year. In february when the uncertainity begun one big trader in Singapore assured Peppertrade Editors that there were over 20,000 mt stocks lying there.
Actually these are the reports we have about the cloves at present time.
As one trader of a french trading company said:
"The market is very firm but not active, which is strange, " he said.
INDEED we say.
Peppertrade editors have a baseline to avoid speculative actions and movements, checking and re-checking received information in order to preserve our credibility and transmit as close as possible the market reality.
For this reason we kept in silence during all this time, moreover because the real true information about the crops, industry and stocks of the cloves is very difficult to be obtained within the desired accuracy.
However when news are being published in the big press we feel obliged to inform our readers too, even under this little considerations.
Apparently it is expected a big shortage of cloves this year, which is causing great boom in demanded prices.
Expectations are that these prices may reach somewhere between 6 and 8 thousand dollars per ton until the end of the year which is when the new African and Brazilian crops begin.
It has been reported that traders quoted Madagascan cloves at between $4,800 and $4,900 a tonne cif Singapore and at E 3,679 ($4,700) a tonne cif European ports at this moment and Indonesian offers were ranging from $5,500 to $5,800 a tonne c&f Indian ports.
Some traders say that, in view of the anticipated lower Indonesian output this year, prices of Indonesian cloves are likely to face sharp increases over the coming weeks. Trade estimates have pegged the Indonesian crop at just 35,000 tonnes. "They need at least twice this volume, " they say.One Bangalore trader remarked that world markets were virtually empty of clove stocks and he predicted that prices could easily surge to at least $6,500 a tonne over the coming weeks.
"The market is short and prices are high."
This is what some traders say. It is reported by some, that presently the market in Singapore is currently more expensive than that in Europe.The instability of the rupiah is making the market in Singapore and the Far East nervous. "As soon as it is stable again the market will move, " is been predicted.
Singapore, Pakistan and Dubai are headquarters of big stockist which may bring a sort of stability to the market with availablity all round the year. In february when the uncertainity begun one big trader in Singapore assured Peppertrade Editors that there were over 20,000 mt stocks lying there.
Actually these are the reports we have about the cloves at present time.
As one trader of a french trading company said:
"The market is very firm but not active, which is strange, " he said.
INDEED we say.
Monday, May 22, 2006
MORE ABOUT CLOVES IN INDIA
----- Original Message -----
From: dhirish
To: peppertrade@olcom.com.br
Sent: Monday, May 22, 2006 8:15 AM
Subject: reg cloves
dear sir
reg cloves mkts, india mkts will jump in few days, big cargo of cloves, areca nuts, pepper, misdeclared as srilanka cargo has been caught in india, these importers were misdeclaring cargo of indonesia cloves as srilanka cargo and clearing without import duty, in last 3-4 months more than 5000 tons imported, now all this cases will be reopened, import duty plus penalty to be collected, also importers will be sent to prison soonest.
please wait and see
regards
From: dhirish
To: peppertrade@olcom.com.br
Sent: Monday, May 22, 2006 8:15 AM
Subject: reg cloves
dear sir
reg cloves mkts, india mkts will jump in few days, big cargo of cloves, areca nuts, pepper, misdeclared as srilanka cargo has been caught in india, these importers were misdeclaring cargo of indonesia cloves as srilanka cargo and clearing without import duty, in last 3-4 months more than 5000 tons imported, now all this cases will be reopened, import duty plus penalty to be collected, also importers will be sent to prison soonest.
please wait and see
regards
CLOVES IN INDIA
----- Original Message -----
From: dhirish
To: peppertrade@olcom.com.br
Sent: Saturday, May 20, 2006 4:22 AM
Subject: reg cloves
dear sir
1. srilanka cloves, stock very limited, today prices at usd 6700-7000 per ton cif india
2. madagascar, brazil, comoros cloves at usd 4700-4900 levels, singapopre cloves mkyt hot as very less cargo there, today recd offers at usd 5200 for madagascar cloves
3. reg indonesia, all know that this year crop only 25%, huge losses due to less crop, plus added rains, every 5 years cloves crop are reduced to very short crops, this we have seen for last 35 years, also the gestation period is 7 years, so new crop planting takes 7 years to yield, next 2 years cloves mkts will remain bullish, as indonesia ands india will need 50000 tons for consumption, india yearly imports 15000 to 18000 tons cloves, but when there is shortages, the stockists buy 3 times the requirements, so please think of this situation
4. next 8 months deman will be very high, cloves prices are moving up very fast in india, we see 100 to 200 % jump in prices in next 2 months time
we hope this report will help many cloves traders
best regards
dhirish momaya
From: dhirish
To: peppertrade@olcom.com.br
Sent: Saturday, May 20, 2006 4:22 AM
Subject: reg cloves
dear sir
1. srilanka cloves, stock very limited, today prices at usd 6700-7000 per ton cif india
2. madagascar, brazil, comoros cloves at usd 4700-4900 levels, singapopre cloves mkyt hot as very less cargo there, today recd offers at usd 5200 for madagascar cloves
3. reg indonesia, all know that this year crop only 25%, huge losses due to less crop, plus added rains, every 5 years cloves crop are reduced to very short crops, this we have seen for last 35 years, also the gestation period is 7 years, so new crop planting takes 7 years to yield, next 2 years cloves mkts will remain bullish, as indonesia ands india will need 50000 tons for consumption, india yearly imports 15000 to 18000 tons cloves, but when there is shortages, the stockists buy 3 times the requirements, so please think of this situation
4. next 8 months deman will be very high, cloves prices are moving up very fast in india, we see 100 to 200 % jump in prices in next 2 months time
we hope this report will help many cloves traders
best regards
dhirish momaya
Thursday, May 18, 2006
FUTURE TRENDS of BLACK PEPPER
From: mukesh patel
Sent: Thursday, May 18, 2006 1:00 PM
Subject: Future trends of BLACK PEPPER.
RESPECTED SIR,
I MUKESH PATEL, A traders in BLACK PEPPER in INDIA (MANGALORE) A firm by name K M B ENTERPRISES.
In INDIA , PEPPER PRODUCTION is less by 35% , This year production about 45000/ MT .There are less arrivals ,
The prices here are RS 71000 Per MT (1600) US DOLLARS PER MT MG1.
We expect that this year PEPPER rate increases by 40% of the last year.
Please let me know what your PRODUCTION ? and YOUR PREDICTIONS .
SORRY for the INCONVENIENCE CAUSED to you.
THANKING YOU.
MUKESH PATEL.
MANGALORE. (INDIA.)
Sent: Thursday, May 18, 2006 1:00 PM
Subject: Future trends of BLACK PEPPER.
RESPECTED SIR,
I MUKESH PATEL, A traders in BLACK PEPPER in INDIA (MANGALORE) A firm by name K M B ENTERPRISES.
In INDIA , PEPPER PRODUCTION is less by 35% , This year production about 45000/ MT .There are less arrivals ,
The prices here are RS 71000 Per MT (1600) US DOLLARS PER MT MG1.
We expect that this year PEPPER rate increases by 40% of the last year.
Please let me know what your PRODUCTION ? and YOUR PREDICTIONS .
SORRY for the INCONVENIENCE CAUSED to you.
THANKING YOU.
MUKESH PATEL.
MANGALORE. (INDIA.)
Monday, May 15, 2006
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
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
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
Sunday, May 14, 2006
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
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
Saturday, May 13, 2006
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...
...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.
Friday, May 12, 2006
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.
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
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