REF: Vietnam is ruling the 2010 World Pepper Market

Dear Mr Editor

Pertaining to the article below would like to make some comments and would request your goodselves to start a discussion forum from pepper lovers and manipulators and speculators why not all stakeholders of the industry.
I think everyone will agree that Vietnam holds the Key of International pricing of Black pepper whether Indonesia and Brazil still trying to compete them with insignificant quantities or indian exchanges play reverse games showing their muscle and money power.

If the VPA managers really orchestrate a clear sales policy Vietnamese farmers and exporters are going to fetch a fantastic return of their produce in 2010. With our sources reporting from Daklak that this year since there is virtually no carry over stocks and most stocks in the hands of farmers unlike previous years when exporters were also holding carryover stocks big arrivals in certain days use to influence the market which resulted in panic selling.
This year such a scenario is not seen and the western world will have to pay the price of the Vietnamese farmers for their pepper if they want it. Indian harvest where almost 50% is over the farmers have harvested and dried it and kept in store and not willing to discuss current prices for any sales activities.

The Hindu Business Line reports out of 7240 mt of pepper exported by Vietnam in the month of January india is the 4th largest importer but quantities and qualities are not mentioned. whether it is bought by oleoresin industries or value addition companies and the respective quantitie are all missing so it is nothing but a fear psychosis treatment for holders of pepper to liquidate by the jewtown based pepper mafia.
When pepper is available at 126 and 127 in rs per kg cannot understand why importers should be importing paying 128 per kg because rupee is strong and its cheap to import. Since the imported pepper has to leave the country in 120 days it does not make this argument good but again an attempt to depress market and corner the commodity.

With regard to EL NINO factor in Brazil so far only your goodselves has brought it up and others seems to not worried and since its your country i am sure that being a seasoned veteran your findings will ultimately prove right.
Best Rgds

Sham Nair