This Thursday and Friday a "bunch"of enquiries was arriving for Brazilian Black Pepper, from different buyers (or agents) to different exporters all trying to get cheap price.
Actually it is unknown the exact number of enquiries because one buyer usually asks 2 or 3 or 4 suppliers. They go to the market and create an illusion of a big demand.
Anyhow bids @1875, 1850 and even 1800 abound. However this fact has a contrary effect -such activity actualy turns the market stronger, with some reliable exporters stepping out waiting how things will evolve next week.
This because beyond new orders, there are exporters that sold short at the end of the year and now try to cover their commitments.
All-in-one this situation signals an uprising trend in Brazilian Pepper price.
With Vietnam beginning the new Year celebrations a clearer picture might be seen ofter 2 weeks time.
MW
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