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