JAN 31,2006
SHARMA

2003-12-08
The pepper market continues its sea saw battle and operating in a close range which appears to be caused by the local situations at the producing countries. Lampong today $0.70 and malabar reported up about 1 cent.
Basta $1300 FOB
Vietnam Blk 560 G/L $1275 FOB with MLSV ASTA shipments Jan/June reportedly available at $0.73/$0.72
We appreciate your news/views offers and quotes when possible
Awaiting your news
Best Regards

Wouter/IBI

2003-12-04
The pepper market is an extremely difficult one at the moment with buyers and sellers at a standoff. Sellers it appears do not want or are unable to go lower given the current market conditions and buyers are unwilling to raise their buying ideas conditions in view of what is believed to be adequate coverage for at least through the first quarter. We are finding the market to move in an extremely narrow range basically based on the local markets at origin.
Malabar steady perhaps a firmer undertone at around $0.72 with buyers at $0.65 for new crop
Lampong unchanged at $0.70 maybe $0.69
Brasil Asta last $1275 FOB
Vietnam and Sarawak no real news with us today.
Spot M/L here still available at $0.78 maybe $0.76 with a bid but not certain
White pepper Muntok $1.10/$1.08 cnf
We await your news again with regard to your market and your views regarding long term and Short term opinions

Best Regards
Wouter/IBI


2003-12-01
Pepper continues quiet and uneventful with easier undertone but buyers not responding and sellers also appear to be waiting and watching developments.
Malabar today for new crop $0.70/$0.71.
Lampong $0.70 with one report that $0.78 was available at $0.68 which possible with firm bid but strictly speculation.
Vietnam 550 G/L $0.70;
Basta $1275/$1265 FOB and B1 at $1250/$1240 FOB for January shipment.
Local market extremely quiet.
Awaiting your new opening tomorrow
Best Regards
Wouter/IBI

2003-11-24
Market continues unchanged and not too much interest. Many also starting to get ready for the long four day Thanksgiving Holiday so this is a short week. Buyers who do show interest are still well below asking prices. We are however seeing more offers appearing for new crop Malabar although buyers still just watching.
Awaiting your news opening tomorrow.
Best Regards
Wouter/IBI

2003-11-20
Market pretty much unchanged with easier prices from India with MG1 at $0.70/$0.71 up to $0.73. Lampong still at $0.69.
In general market continues quiet and no pressure from either buyers or sellers and as the origins decline the buyers ideas continue continue to go lower.
Market featureless
Best Regards
Wouter/IBI

2003-11-12
Pepper continues extremely quiet with prices unchanged and buyers and sellers extremely quiet. Resellers pressing somewhat to offload afloat parcels of Lampong and 550 G/L lampong but for the moment no takers. I am of the opinion that when this market starts it will take off rapidly, however that moment may still be some time away as buyers here appear to be extremely well covered throughout this year and perhaps repeat perhaps through the first quarter of next year.
Please keep us closely posted developments at your end and we await your news and update
Best Regards
Wouter/IBI

2003-11-11
The pepper market continues to show no signs of offtake or movement in Either direction +- other than a continued weak sentiment/undertone. This sentiment appears to be fueled by the many requests for bids on afloat Lampong as well as afloat 550 g/l. Buyers ideas are still no where near asking prices so we have a stalemate.. We are starting to see some offers and requests for bids for Malabar New Crop Jan/Feb/Mar shipments in the range of $0.75/$0.74 cnf.
Lampong nearby only at $0.69 cnf.
The market in India as we understand is holding its prices based on the need of exporters to buy spot heavy pepper in order to "mix" with imported merchandise in order to meet the G/L weight required for ASTA. This of course fuels the market somewhat irrespective of what th importers want or do not want to pay.
Vietnam 500 G/L 1275 FOB and 550 G/L 1345 FOB
White pepper steady at $1.16/$1.15 and perhaps 1/2/3 shipments at around $1.14 cfny
Awaiting your news/views and input ref your market and firm offers if possible.
Best Regards

2003-11-06
The market appeared to be another washout today with easier sentiment but origins more or less unchanged..
B1 traded today at $1300 FOB and reportedly repeat reportedly Basta traded at $1325 FOB.
Other origins unchanged from yesterday.
It does not appear to be only pepper but all items are slow to show any signs of waking up.
Awaiting your news
Best Regards
Wouter/IBI

2003-11-04
We are not seeing any real movement in the pepper market with both buyers and sellers continuing to watch developments. Spot still appears to be available in sufficient supply so as to serve those who need an occasional fill in above and beyond their current position. Although this appears to be a buyers market neither the origins nor the buyers here appear to be pressing. Although there is some interest every now and then buyers are content to watch developments until the market shows some concrete direction or prices reach their buying ideas.
TODAY:
Malabar $0.77 cnf ; Lampong $0.70 cnf ; Muntok $1.16 cnf;
Lampong Afloat $0.71 cnf and spot $0.78/$0.77
Indications for MLS asta shipments nearby $0.70 cnf ; MLSV 550 G/L
Nearby $0.68 and 500 G/L $0.65 cnf

Best Regards
Wouter/IBI

2003-11-03
The pepper market here continues pretty much where it left off last week. Featureless and uneventful. The situation with regard to need and positions is unchanged and although you do find an occasional buyer here and there, they mostly want to buy well below the market making it very difficult to conclude business.
Lasta $1400 FOB with buyers ideas around $1325 FOB
Mhite pepper $1.16 CNF
Basta $1350 FOB: Brazil 560 G./L $1300 FOB
Sarawak Black Label $1325 FOB
Vietnam 500 G/L $1308 FOB
Spot reported available at $0.79/$0.78
MLSB shipments $74 cnf
Awaiting your news/views/updates/offers
Best Regards
Wouter/IBI

2003-10-30
Market continues dull and featureless with buyers appearing to have basically withdrawn and awaiting developments. Sellers not pressing and buyers able to wait and buy on as needed basis. All prices unchanged from yesterday although sellers will listen to nearby bids.
Awaiting your news tomorrow..

Wouter/IBI

2003-10-29
It is a rather dismal pepper market with very little NEW news as activity continues to be limited. As we have reported yesterday buyers feel that generally there is enough merchandise around to take care of their sporadic needs above and beyond the positions they already hold. In view of this there is no need to buy unless needed and then they can buy locally. Consequently they are in no hurry to step in until the market shows some real direction +or-.
It appears now that origin is also in a position of not having to press for sales, due to what appears to be a good holding power, At the same time in the local markets at origin buyers are also staying away and watching to see how low things will go in the days ahead.
Today:
M/L Spot $0.78
Lamasta $0.73 shipment Nov; Afloat $0.74/$0.73
MG1 $0.76 cnf
White $1.16 cnf Nov shipment
MLSV asta for 2004 shipments $0.73 cnf
MLSV 550 G/L for 2004 shipments $0.69 cnf
Vietnam: 500 G/L $1300 FOB and 550 G/L $1360 FOB all prompt shipment

Best Regards
Wouter/IBI

2003-10-28
Our market continues quiet with limited buyers but not willing pay up.
Buyers continue to appear to be well covered and we are starting to see off shore resellers appearing and applying some limited pressure to sell.
Lampong Asta today N/D shipment at $0.73 with Afloat at $0.74 from several Directions.
White pepper $1.16.
Malabar today $0.77 cnf and Basta Nov/Dec at $1425 FOB

The year 2002 Imports into the USA whole Black through August 31,035 and this year 2003 30482 mt in addition a total of 3530 mt of processed(ground) merchandise for a total arrival for the first eight months of 2003 34,012 mts.
FYI The processed merchandise for eight months in 2003 is 3530 mt as compared to 3447mts for all of 2002.

It appears from a total imports that the USA continues to be adequately covered and will buy when prices are to their advantage as it continues to look like everyone is comfortable with their position.
We await your news/views/comments/offers opening tomorrow
Best Regards
Wouter/IBI

2003-10-04
While Mr. Wouter from IBI is not publishing his daily reports for some technical issues, we'll be publishing some relevant information from other fonts

BELEM MARKET WEEK SEPTEMBER 29

Despite many talks last days about marquet getting stronger, pepper trade opened last monday 29, very calm and easy. Sales were made on U$ 1,350 B1 and U$ 1,400 BASTA basis. However 2 or 3 exporters operating heavy this year begun to accept some increase in price asked by growers by the middle of the week, and as a result the trade slowed down by friday, with growers expecting further rise from monday October 6th on. Talks were that some sales happened at U$ 1,375 B1 FOB and BASTA was asked at U$ 1,500. There were also offers from exporters for some quantity of B2 at U$ 1,350 FOB - unsold as for our knowledge.



2003-09-09
Pepper here continues to drift along with very little interest being shown on the part of buyers and sellers appear to be eager to sell although the bottom is not falling out of the market. Buyers appear to be content with their position and are looking for bargains or will buy when and as the need arises.
Sellers on the other hand are continuing to solicit bids and prices continue to ease but extremely slow with currency playing some role in holding prices for the moment.
Locally there always appears someone ready to sell and meet the buyer at reasonable levels such as spot M/L at $0.78/$0.79. For the last two days the market has been extremely quiet with NO off-take and news rather scarce particularly from India since Kerala is on Holiday until Tomorrow or Wednesday.
Today:
Malabar $0.77;
Lampong $0.71;
MLSV ASTA Oct/Dec $0.73 and Jan/June'04 $0.72 all cnf all unsold.
Vietnam no news and also not from Brazil or other origins with us.
White: $1.28/$1.30 depending on shipper and positions.
We await your good news/views/offers opening tomorrow
IBI

2003-09-04
Market unchanged with weakness continuing to hold back the market resulting in a lack of off take.
Buyers continue to sense or believe that market may ease some more and therefore are holding back making any commitments. Many more sellers appearing making buyers even more skeptical.
Lampong today $0.71/$0.70; Malabar $0.77 and other origins unchanged. M/L spot $0.80/$0.82; White Spot $1.35 and resellers for Oct + Nov shpmnt $1.28/$1.27 cfny
Please keep us closely posted

Rgds
Wouter/IBI

2003-09-03
Pepper market basically unchanged although the undertone and sentiment is weaker as buyers continue to abstain.
Lampong still at $-.72/$0.71 and Malabar $0.77 but so far no takers with us.
White steady with sellers Ideas $1.30 perhaps $1.29 but not offered at that level.
Locally buyers continue to watch and many origin sellers attending the IPC meeting.
Other origins unchanged and extremely quiet and inactive with us. Awaiting your news opening tomorrow again
Rgds
Wouter/IBI

2003-09-02
Pepper continues to show a lack of sustained offtake and appears to be fluctuating in an extremely narrow range. On the average the prices have declined with Lapong at $0.72/$0.71 and today India declined about 3 cents to $0.77 for Sept and $0.78 for October.
At the close last week MLS jan-June 2004 reported to have traded at $0.69 and today there appears to be some interest in the last quarter of this year for MLS at an indicated price with us at $0.68 but we see no takers. for the moment.
All other origins appear to be holding their own but with the continued lack of interest and off-take it would appear that we have a standoff. Who will be the first to move buyers or sellers. Buyers here continue to show adequate coverage and in no hurry to speculate on the market. They appear to be ready at levels well below origins and if not available will wait and buy as needed.
We await your news/views/offers opening tomorrow
. Rgds
Wouter/IBI

2003-08-28
Pepper market continues neglected and virtually no activity.
This weekend is a long weekend (Labor Day) which is the traditional end of the summer holidays and everything closed on Monday. Tomorrow many people will leave early to take advantage of the long weekend. Everyone should be back on Tuesday and then a few days to asses the situation.
In general the Market is unchanged form yesterday with Lampong $0.72/$0.73 for Sept and October $0.71/$0.72;
Sarawak is indicating $0.84;
MLSV asta for sept-dec round $0.73/$0.72 quoted.
Interest in year 2004 for first half mlsv asta but no sellers however priced should work out to around $0.74 but no one willing to offer firm out there at this time from what we see
. White pepper prompt quoted at $1.29 and sellers for Sept & Oct at $1.30 but limited.
Malabar slightly weaker today as compared to yesterday and now at $0.80/$0.79 cnf for Sept.
Vietnam unchanged with 500 g/l $1455 FOB
Sri Lankan Blk Pepper 525 G/L quoted at $0.79 cnfny NSW2% September shipment.
In general buyers continue to watch developments and interest is at well below asking prices
. Please keep us closely posted and await your news opening tomorrow.

IBI

2003-08-25
Pepper market steady and unchanged from last weeks close.
Lampong at present is cheapest origin with buyers around $0.71/$0.72 and sellers holding at $0.74 cnf.
All other origins are not competitive.
Malabar easier today at $0.80/$0.79;
With Vietnam/Sarawak/Brazil unchanged.
Pepper continues to come in at at a rate that is ahead of last years imports with a total of 22,852 mt whole Black + 2,561 mt of ground pepper. It appears that buyers will buy if the price is right otherwise they will hold until merchandise is really needed.

IBI

2003-08-06
The markets here continue extremely quiet and basically uneventful. Pepper continues to decline basically from Lampong with other origins holding and operating in an extremely narrow range +-
Buyers here for Lampong $0.70/$0.71. Resellers here also appear to have taken the attitude to wait and see with buyers still speculating that the market should drop some more in the near future. Meantime however the market could move up slightly as some limited buyers make some purchases to take of some quick needs and then fade away again.
Many here question how long Vietnam can continue to hold with the Lampong continuing to decline. It is interesting to note that some of those who feel the market still has some down side in it are unwilling to gamble and sell at lower levels for the moment.
Malabar today $0.79/$0.80;
Lampong $0.73cnf=$1400 FOB;
Vietnam and Sarawak holding their own.
Brazil in the market at $1425 FOB for Sept and October.
Spot market here still around $0.88 soliciting bids at $0.87/$0.86 for M/L
White pepper continues to be at $1.26 for nearby and further out at $1.22/$1.23 cnf
We await your good news and views as to where this market may be going and firm offers opening tomorrow
IBI

2003-08-05
8/5/03 Pepper market continues to decline with Lampong being the cheapest origin for now. Buyers for Lamasta $0.70 and seller $0.73 and no takers at the time of this message. Buyers continue to watch developments and without any off-take (what appears to be the case in all markets) the market will continue to drift without any real direction and we will continue to see buying on an as needed basis only, much of which is done from the spot market here. Some re-sellers are starting to compete with origin with afloat Lampong $0.74 cnf and MLSV ASTA Sept/Dec $0.73 cnf. Spot today M/L $0.87 and soliciting bids.
IBI

2003-08-04
Pepper market continues to show signs of weakness with prices down today from India and Lampong. Buyers continue to abstain as they continue to expect lower prices on all fronts. It is believed that we are almost there but not quite yet.
This market just has no offtake, only on an as needed basis. No one appears to be ready at this moment to go further out at current levels.

We await your news opening tomorrow.
IBI

2003-08-01
Pepper market again easier today with more sellers than buyers. Buyers continue to abstain and are under no pressure to enter the market given the arrivals here thru May 2003. There appears to be enough available merchandise here so they can buy on an as needed basis from the spot market if and when the need arises.
In addition to the Whole pepper arrivals of 19,273 mt we also imported 1,610 mt ground pepper Jan- May 2003.
All origins unchanged and India somewhat easier with Lampong still the cheapest supplier at $0.78/$0.77 cnf.

IBI

2003-07-29
Pepper again weaker on lower offers from India with Malabar $0.82 and Lampong today at $0.76 with buyers at $0.74/$0.75 cfny Sarawak Vietnam and Brazil not competing for the moment although we heard in the market Brazil for August at $1575 FOB/$1600 FOB.
MLSV asta Sellers 7/8/9 $0.76 from resellers otherwise $0.80 cfny : MLSV 550 G/L Sept fwd $0.75/$0.74. Buyers MLS Aug/Sept/ Oct $0.74. Afloat Vietnam ASTA soliciting bids with selling ideas $0.83/$0.82 but will look at bids.
White unchanged with nearby $1.26 and further out $1.24 cnf
IBI

2003-07-28
Pepper weaker today on lower prices from India and Lampong.
Vietnam and Brazil continue to hold. Lampong appear to be showing some pressure since the crop will really start appearing in earnest sometime in August. There is some speculation that perhaps once Lampong and Brazil start showing more interest to sell their new crops that only perhaps will Vietnam weaken. Until such time this market will continue to operate in its current narrow range. There is no panic on the part of the buyers as imports hav been sufficient to cover needs.
Today Malabar $0.84;
Lampong $1600 FOB and further out $1575 although we heard (Second Hand info ) that resellers were soliciting bids for 8/9/10 shipments at $0.77 cfny;
Basta $1600 Fob;
Brown Label $0.86 cnf prompt;
Vietnam 500 G/L $1470 FOBC1.5;
Spot M/L $0.90 but believe that $0.87/$0.88 would be possible with a bid..
Afloat M/L sellers ideas $0.86/$0.85 cnf

We await your news/views/offers opening tomorrow again.
IBI

2003-07-25
There continue to be spot and afloat sellers into this market with Spot M/L $0.87 for Black and M/L ex warehouse. Alfloat Vietnam Asta as low as $0.83 cnf.
MALABAR:
This origin was a shade easier with sellers for July and August at $0.85cnf and soliciting some nearby bids.

SARAWAK:
This market reported closing with a bearish sentiment.

LAMPONG:
This appears to be the cheapest source for the moment at $0.80/$0.79 cnf .

BRAZIL:
We do not get much news from this origin but we understand not much change.

VIETNAM:
Reported to be somewhat easier with 500 G/L $1500 and 550 G/L $1575 MLSV/MLSV 550 G/L:

Mlsv quoted in this market for further out positions $0.79/$0.80 and MLSV 550 G/L at $0.76/$0.77 all cfny

WHITE:
White pepper nearby $1.26 and further out $1.24 cfny

We await your good news/views/firm offers/quotes opening Monday
IBI

2003-07-24
Pepper market continues quiet for the most part and is operating in an extremely narrow range
. There are some sellers that wish to sell some limited parcels at below replacement levels which appears to be profit taking but we have not found and buyers who are willing to step into the market under the current situation..
Vietnam ASTA afloat $0.85/$0.84/$0.83 cnf;
Malabar July shipment $0.86/$0.85;
All other origins somewhat unchanged.
White Nearby $1.26/$1.25 and further out like Sep + Oct $1.24 cfny.
M/L Spot $0.90 but soliciting bids

We await your news opening tomorrow
IBI

2003-07-22
WOUTER IS BACK
Pepper market continues steady/firm with the market seeing quotes but offers extremely limited.
Malabar $0.86:
Lampong $1600/$1550;
Vietnam 500 G/L 1500 FOB 550 G/L 1575 FOB;
Basta $1600 FOB Aug/Sept;
Sarawak $0.87 cnf;
Muntok Prompt $1.30/1.29 August $1,26/1.25 cnf

Awaiting your news opening tomorrow
IBI

2003-07-09
Wouter from IBI is in vacation. He'll be back on July 21

2003-07-02
Pepper market continues Steady/Firm with extremely limited offers. Reportedly afloat parcels are being taken up at $0.78/$0.79 and Spot trading at $0.90
In general quiet with some ltd activity and interest.
Malabar $0.86
Lampong $1650 FOB nearby. New Crop positions August-Decemebr $1600 FOB
MLS shipments July and August $0.86
MLSV ASTA August fwd $0.79 and 550 G/L $0.73/$0.72
MLS deliveries August - Dec $0.88
White Spot with us at $1.33
Tomorrow will be last day before 4th of July Holiday when everyone will be closed here.
Awaiting your news opening tomorrow
IBI

2003-06-30
We found today's market void of any substantial offers and again sellers preferring to stay close by.
It appears to us that at origin the farmers have continued to show a real ability to hold back merchandise.
Leaving those who did sell short scrambling for merchandise when offers do come out in the local market.
Available supply is therefore extremely tight. The current situation, in our opinion, has squeezed the speculator or dealer and thereby the market has not been able to move in its normal way. Basically we are now seeing buyers only on an as needed basis and the market moving in an extremely narrow range. This will correct itself as soon as we see Lampong and Brazil starting to sell their new crop and could cause some downward pressure by all origins then wanting to sell for fear that they may be left holding too much merchandise before their next crop arrives. It is interesting to note that prices continue to rise even though there does not appear to be a sustained off-take on any front.

Malabar: $0.83/$0.84
Lampong: $0.84 nearby $0.82
New crop Sarawak: Nothing with us and they do not appear to be competing with other origins
Brazil: We understand Around $1525 FOB but we have not seen any such offers although we are given to understand that there are some buyers at that level
. Vietnam: continues to get firmer with 500 G/L at $1335 FOB and 550 G/L at $1410 FOB
MLSV ASTA August forward shipments at $0.79/$0.78 cnf
Our market will only be open for four days this week as Friday will be July 4th Holiday and everything closed
IBI

2003-06-26
Pepper market continues steady with limited interest. It continues to be a standoff although we are seeing some increased interest but actual buying is still limited. Prices basically unchanged with some slight upward correction at all origins.
We await your good news again opening tomorrow.
IBI

2003-06-25
Pepper market steadier today with India and Vietnam up slightly. Buyers still continue to show interest but at low levels and neither the buyers nor the sellers are willing to give in. Many buyers are moving extremely cautiously and watching developments as we get closer to the Lampong crop arrival in full force.
Origins continue to stay with the nearby positions. The market situation is at the point where everyone is waiting to see who will move first, the buyers or the sellers and in either case we believe the markets will rise in the foreseeable near future.
MALABAR: $0.84/$0.83;
LAMPONG: $0.82;
VIETNAM: Blk 500 G/L $1620 cfny/ $1445 cf Cochin/ $1450 cf Dubai
550 G/L $1680 cfny/ $1520 cf Cochin/ $1525 cf Dubai
BRASIL: No prices however the last $1500 FOB
SARAWAK: This origin reportedly experiencing some ltd short covering and speculative buying which is continuing to prop up this origin.
MLSV ASTA: July $0.81/$0.80; July Forward $0.78/$0.77;
MLSV 550 G/L: July Forward $0.73/$0.72
INDONESIAN WHITE: $1.18 nearby maybe with bid shadeable. Further out position slightly lower prices available
VIETNAM WHITE: $2275 FOB HCMC
CHINESE WHITE: $2300 FOB Spore

We await your good news again opening tomorrow.
IBI

2003-06-24
Pepper market steady for nearby as well as further out.
The demand is sporadic and continues to be at same levels with neither buyers nor sellers moving of their ideas. The Market continues flat and understand even the internal demand of producing countries appears to be negligent. The farmers appear to be able to continue withholding mechandise.. Vietnam firmer today.
Most origns continue to be reluctant to sell further out positions and staying nearby only
. Malabar $0.82/$0.81;
Lampong $0.82 all cnf.
Other orgins unchanged. We await your good news opening tomorrow again.

IBI

2003-06-23
Our phone system was damaged in storms this weekend so we had no phone service today and unable to receive or make calls. It should be repaired by tomorrow.
Pepper market continues steady but activity is lacking. Buyers continue to show disinterest and will only buy when they are able to buy below origin levels. Spot appears to be tightening. All origins appear to be reluctant to sell further out positions and are staying nearby.
Offers are not plentiful and only appear when there are some reasonable bids otherwise interest goes unanswered.
Sellers:
Malabar $0.80 upto $0.83 cnf;
Lampong $1550 FOB ;
Basta nearby $1500 FOB new crop $1450 FOB:
Buyers:
Reportedly for M/L between $0.77 and $0.79 cnf
White pepper unchanged from last week

Thanks IBI

2003-06-17
The market continues extremely quiet but despite the lack of off-take origins appear to be moving up and firming each day. Although the market continues to operate in a narrow range there definitely is a firmer undertone. In India the farmers appear to be reluctant to give up their stocks, Lampong is not keen on selling at lower levels and continues to be a ltd seller at $1550 FOB today.
Vietnam firmer on all grades and Sarawak reports that PMB has moved up their buying prices so they appear to be supporting that market. What we find most interesting is the fact that buyers must either have their merchandise on the water or start buying in view of the transit time and the need to have it arrive in plenty of time for the Holiday season starting in November. Their appears to be no panic in this market with regard to having to buy.
It appears that we will certainly not see a major downward trend in the market in the near future . The waiting game continues but believe that buyers will have to pay up in due course.
Malabar $0.84;
Lampong $1550;
Muntok $1.16/$1.18;
Vietnam 500 G/L $1300/$1350 FOB;
MLSV ASTA Sept fwd $0.76 cnf.

We await your news opening tomorrow
IBI

2003-06-16
The wait and see posture continues. Very little activity or interest.
All origins unchanged except Vietnam up somewhat today. Local market quiet.
We have emailed you the updated statistics through April 2003.
Arrivals appear to be on target but have certainly slowed down. It is hard to gauge what the imports would have been had all the merchandise from Evergreen lines arrived. It will take some time for that merchandise to arrive and must have an effect on purchasing activities.
Spot stocks here are certainly starting to dwindle until the backed up arrivals clear.
In general an uneventful market
We await your news opening tomorrow

IBI

2003-06-12
We continue to experience a wait and see posture from both buyers and sellers in the pepper market. Neither is pressing and prices appear to remain stable/steady. Buyers again are prepared to buy at below market if possible and if not they will just wait and watch developments.
The market appears to operating in an extremely narrow range and does not really seem to have the impetus to start running away but by the same token it does not appear that it will fall off anytime soon.
Spot stocks here continue to dwindle although every now and then someone wants to unload a lot at lower levels.
Buyers are not standing in line so to say.
Lampong Steady at $1550 FOB nearby and $1525 FOB july and August; vMalabar around $0.83/$0.82 cnf;v Vietnam 500 G/L $1270 FOB

We await your news opening tomorrow
IBI

2003-06-11
Pepper market appears to be non-existent. Neither buyers nor sellers are showing any interest.
Even Evergreen America Corp steamship problem there appears to be no interest. One would think with all the shipments afloat and being diverted to other origins buyers would need some merchandise. This does not appear to be the case. In general spots are becoming tighter
. However the Evergreen situation appears close to being resolved and when that merchandise finds its way into the supply line it is anyone?s guess what will happen to the market.

Malabar $80;
Lampong $0.82/$0.83;
White $1.18 nearby and further out $1.15;
Sarawak Brown lable $1550 FOB and Yellow Label $1450 FOB

We find origins steady dispite the lack of interest
We await your news opening tomorrow

IBI

2003-06-09
Pepper continues quiet but steady.
There continues to be no pressure on the part of sellers nor on the part of the buyers. Buyers continue to try and buy below market but not much success.
We find it interesting that buyers continue to withhold since merchandise must either already bought or must now be bought in order to arrive and be ready for the season late this year.
Although everyone appears to be comfortable with their positions We can not belive that they are 100% covered.
Tomorrow we hope to have the import figures for April and will see what that tells us.
Malabar today unchanged $0.80 for July;
Lampong buyers $0.76 sellers $0.79;
Sarawak/brasil/Vietnam we show basically unchanged.
Europe closed today due Holiday.
We await your news opening tomorrow

IBI

2003-06-05
Pepper here continues quiet and uneventful. Prices basically unchanged and buyers only interested on cheap prices and stepping on as needed basis.
Malabar $0.81/$0.80;
Lampong $1500 FOB;
BASTA $1450 FOB
Appreciate your news and postings and looking forward to hearing from you tomorrow

IBI

2003-06-04
Pepper market continues to drift and fluctuating in an extremely narrow range.
Black Malabar $0.80,
Lampong $0.80/$0.79;
Sarawak $0.80 all cnf;
BASTA $1475/$1450 FOB
Vietnam 550 G/L $1320 and 500 G/L $1245 FOB.
Buyers here continue to stay in close by and only interested in bargains.. Next week we should have the April USA Imports and get a clearer picture of what is here. Buyers continue to give the indication that they are under no pressure to step in in view of adequate coverage up till now. Pls keep us closely posted developments

IBI

2003-06-03
Market quiet and steady. A lot of prices floating around many of which cannot be substantiated. Buyers here are looking but they are interested in merchandise that is below market price and if unable to obtain then they will wait for better times. Much of the nearby interest we believe is generated by the Evergreen problem and once that has been resolved plenty of merchandise will surely become available.
BASTA still offered at $1425 FOB even after reports that this traded yesterday.
There is still spot merchandise available with M/L spot ex warehouse $0.88 in several directions..
We find all origin prices unchanged from yesterday and resellers ideas also unchanged for MLSV ASTA and 550 G/L.
White appears slightly firmer and a lot of looking but in the final analysis nothing of any consequence developed buyers arounf $2350 FOB with origin and resellers $2400 FOB.
Pls keep us closely posted developments

IBI

2003-06-02
Market continues quiet and uneventful. Buyers appear to have continued ltd interest in the nearby positions but not willing pay up.
In general market steady with Vietnam slightly lower with 500 G/L 1220 FOB and 550 G/L at $1310 FOB for june shipment
We see Malabar $0.83/$0.82
Basta new crop $1425 FOB for newcrop.
Lampong $1500 FOB;
MLSV 550 G/L $0.67.
In general the market continues to show very little activity. Pls keep us closely posted developments

IBI

2003-05-29
Market continues quiet and uneventful. Buyers appear to have some ltd interest in the nearby positions but not willing pay up. In general market steady with Vietnam slightly lower by about $10/mt.
We see Malabar $0.80,
Basta new crop $1425 FOB (unconfirmed by us)
Lampong $1500 FOB;
MLSV 550 G/L $0.67/$0.66.
In general a market that is seeing very little activity.

IBI

2003-05-27
Pepper market extremely quiet with steady undertone.
Lampong nearby $0.78 cnf buyers prompt shipment $1425 FOB; New Crop July/Aug/Sept $1475 FOB;
Vietnam Asta $0.68 FOB;
MLSV 550 G/L for Sept Fwd $0.67 cnf.
White $1.18 looking for some reasonable bids
. Sarawak Steady with quite some arrivals reportedly coming in. Reportedly Iban farmers are trying to make last minute sales in order to get cash for in order to prepare for their New Year 1st of June
Awaiting your news opening tomorrow with your news/views offers or bids.

IBI

2003-05-22
The pepper market appears to have a steadier undertone with prices rising slightly today.
In general there are buying inquiries going to various origins but it is extremely difficult to conclude business since buyers are unwilling to pay the higher prices.
We can?t discount the fact that some, if not a good share of the increases, can be attributed to the freight increases and the weakening of the Dollar. It is believed that once all this stabilizes again we may see a slight decline again to previous levels. In general however I feel the market may have bottomed out and current levels are certainly attractive.
Buyers appear to be extremely price contious in view of expecting prices to decline again and also NOT being pushed to enter market as supply appears to be there and stocks here are still adequate given the heavy imports for the first three months of 2003.

Today?s indications:
Malabar $0.82/$0.81;
Lampong $1500 FOB June forward ;
Sara wak $0.80/$0.81 for brown label;
Vietnam 500 G/L $1240 FOB and 550 G/L $1280/$1300 FOB;
Basta $1450 B1 $1350 and B2 $1250 all FOB.
White pretty much unchanged at $1.19/$1.18 but there is not much of quantity behind these quotes/offers.
We await your news again tomorrow.

Please send all replies/messages to: info@spiceadventures.com as I am having trouble receiving messages on Mindspring
Thanks for your help
IBI

2003-05-21
Pepper market steadier today with prices up about 1 or 2 cents.
Lampong $1475 FOB,
Malabar $0.81/$0.80 cnf
Sarawak reportedly same levels.
Brasil no news in our shop today.
Vietnam 500 G/L $1230 FOB
Spot M/L $0.81/$0.80;
MLSV 550 G/L somewhat firmer today at $0.67
White unchanged $1.19/$1.18 cnf

Since I am back in the office please send all replies/messages to:
info@spiceadventures.com as I am having trouble receiving messages on Mindspring
Thanks for your help

IBI

2003-05-20
After a four week vacation we wellcome Wouter back. Here's yesterday:

Pepper market appeared somewhat steadier today but buyers not very active at least not with us.
Malabar $0.77/$0.76;
Lampong $0.76;
Vietnam 500 G/L $1250 FOB(nett) and 550 G/L $1310 FOB (net);
Sarawak Brown Label $1775 cnfny
SARAWAK reports market unchanged but slightly bearish as good quantities appear to be arriving everyday which is expected to last till months end. However the offers that we are receiving are still not competitive with other origins?s ASTA quality .
WHITE pepper continues to drop even as black appears to be stabilizing.
White Muntok today $1.18 and reportedly even as low as $1.15 cnf.

We await your good news opening tomorrow

2003-04-14
Pepper continues quiet and inactive with buyers/sellers continuing to watch developments as the standoff continues. India closed today and tomorrow then returning for Wed and Thursday and then closed again on Friday for the Vishu Kerala New Year. Markets here will also not generate much in view of the up coming Easter holiday and Most places closed on Friday, therefore a short week all around.
Malabar today $0.82;
Lampong $0.82;
Sarawak Brown Label $0.85;
Brazil unchanged;
Vietnam 500 G/L at $1450/$1475 EBP;
White pepper $1.33/$1.35 cnf.
Spot being quoted as low as $0.84 and up to $0.88 with some reports repeat reports that $0.80 is available.
MLSV asta shipment May forward $0.76 but buyers not bidding for now.
We await your good news opening tomorrow

IBI

2003-04-11
MALABAR: Showed some easing today causing the easier undertone. Prices at $0.80 and $0.81 cnf for April as well as May shipments. Spot Malabar here in the market at $0.84 ex-warehouse.
LAMPONG: Unchanged with offers/quotes $0.81/$0.80 for April and further out positions with buyers ideas $0.77 but no sellers.
VIETNAM: This origin remained steady with 500 G/L at $1300 fob for 5/6/7 shipments from resellers. Origin $1290/$1280 fob and 550 G/L $1350/$1360 fob.
MLSV ASTA: Shipments for this option remain at around $0.76/$0.75 cnf with buyers still at around $0.72/$0.73.
We await your news/views/offers opening Monday

IBI

READ THE FULL TEXT BY CLICKING ON THE "NEWS" BELOW

2003-04-10
MALABAR: Basically unchanged with sellers $0.81/$0.80 cnf for April and May with buyers not even looking with us today.
LAMPONG: $0.81 cnf buyers last $0.78 yesterday but not today. Perhaps resellers are at somewhat lower levels i.e. $0.79 cnf.
SARAWAK: It appears that the short coverings at this origin may be finished and prices there have eased somewhat however not enough to be competitive. It is reported that quite a bit of stock has become available. However the market certainly was NOT flooded with offers from Sarawak.
BRAZIL: Unchanged with no concrete news from this origin.
VIETNAM: We find this origin to have leveled off for the moment and offers only for nearby positions but they continue to rule steady. It appears that Farmers are perhaps holding on to merchandise awaiting a somewhat better price. The question is how long can they hold, in view of the lack of buyers right now. Also it would seem that eventually Farmers will have to let go of some of their stocks in order to get finances ready to invest for the next crop. Current prices 500 G/L $1300 FOBC1.5 and 550 G/L $1380 FOBC1.5
MLSV: ASTA quality continues to be available at $0.76 for May- Dec but no takers for now
SPOT: Prices unchanged from yesterday
WHITE: Steady at $1.31

IBI

2003-04-08
Pepper continues to rule quiet but steady with very little changes. Malabar $0.82 with resellers $0.79;
Lampong $0.81;
Vietnam 500 G/L $1310 fob and 550 G/L $1400 Fob;
Basta $1600 Sept/Dec.
MLSV ASTA May- Dec sellers $0.76 Buyers $0.73 cnf.

Although the market appears to remain quiet we do sense an undertone where people are watching extremely closely the developments. Many are waiting to see what the import statistics might be for the February arrivals which should be out sometime next week.
We would again appreciate your news/views/offers opening tomorrow

IBI

2003-03-28
Pepper unchanged from yesterday. We continually hear rumors here in the market of discounted prices but we have been unable to confirm them nor have we seen them or have we had any such offers. Oher than the occasional inquiry and the occasional nearby need that is filled on the spot we have not seen very much activity. Origins appear to have bottomed out for the moment and we see the market today as follows: MG1 $0.82;
Lampong $0.82;
Vietnam 500 G/L $1260 FOB; Vietnam 550 G/L $1380/$1360 FOB;
Sarawak nothing with us today;
Basta $1600 FOB; BB1 $1500 FOB; BB2 $1400 FOB.

We await your news/views/offers again opening Monday

Have a nice weekend
IBI

2003-03-27
Pepper continues steady although the undertone and sentiment continues to be one of lower expectations.
We do see an ever slow decline in prices but now real selling pressure as such and at the sam time no real interest to buy at current levels. We do see some limited but ever so limited selling pressure from Vietnam with their prices again somewhat lower today for the 500 G/L

Malabar today $0.81/$0.82;
Lampong $0.82; Sarawak reportedly $0.82;
Vietnam 500 G/L $1260 FOB and 550 G/L $1340/$1350 Fob;
White $1.32;
Spot M/L $0.84/$0.83 exwarehouse

We await your news/views/offers again our opening tomorrow
IBI

2003-03-26
Although the pepper market continues quiet and appears to be stagnant we do see a little more selling pressure from Vietnam but buyers continue to abstain from stepping in on all origins.
With the current market situation (No direction), the economic and political situation, buyers here do not appear to be in an operating mood.

Malabar Mg1 $0.82/$0.81;
Vietnam 500 G/L $1270/$1260 FOB;
Lampong $0.83/$0.82;
Brazil Asta 1600 Fob; BB1 $1500 FOB; BB2 $1400 FOB.
White pepper remains steady at $1.32/$1.35 cnf

IBI

2003-03-24
Malabar $0.81/$0.80;
Lampong $0.82/$0.81;
Sarawak quoted brown label $1800/mt cnf;
Vietnam 500 G/L $1315 FOBC1.5 and 550 G/L at $1400 FOBC1;
Sri Lanka 550 G/L $0.795C2 all unsold with us.
Awaiting your news opening tomorrow

IBI

2003-03-20
Malabar $0.82
Lampong $0.82
Vietnam 500 G/L $1320 FOB and 550 G/L $1390 FOB
Sarawak and Brazil no news with us.
MLS ASTA April quoted at $0.79.
White unchanged

IBI

2003-03-19
Pepper market quiet and uneventful.
Buyers appear to be waiting political and military developments tonight and then will see what they must do.
As reported yesterday with the substantial imports in Dec and January buyers are in no rush to jump in for now.
Market somewhat easier undertone but then buyers are not standing in line.

Thanks
IBI

2003-03-18
Malabar $0.82;
Lampong $0.82;
White $1.35;
Vietnam 500 G/L $1315 FOBC1.5 and 550 G/L $1390 FOBc1.5.;
MLSV ASTA $0.78/$0.79

We await your news/views/offers opening tomorrow
IBI

2003-03-14
Malabar $0.85;
Lampong $0.84;
BASTA nothing today with us;
White $1.39/$1.38

IBI

2003-03-13
Malabar March and April Freely available at $0.85 ;
Lampong $0.84 offered;
White $137 offered;
Brasil ASTA reportedly having traded $1600 FOB and now they appear to be withdrawn;
Sarawak brown Label indicated $0.86 and they do not appear to be competing and their local market is reported to be even higher;
MLSV ASTA $0.78/$0.79 Quoted;
MLS ASTA $0.83 quoted;
Vietnam 500 G/L $1325/1350 FOB

IBI

2003-03-12
Malabar March and April $0.85;
Lampong $0.83 cnf;
Vietnam 500 G/L $1350/1375 FOB and 550 G/L $1450 fob;
Basta $1600 FOB;
MLSV asta March Forward $0.79/$0.78;
M/L/S spot $0.87;
White pepper $1.37 cnf.

IBI

2003-03-11
Malabar today $0.85/$0.84;
Lampong $0.83 buyers reportedly at $0.79;
Sarawak very little news and certainly does not appear they are competing in any event;
Brazil continues at $1600 FOB for ASTA quality.
Vietnam 500 G/L $1450 cnf and 550 G/L further out shipment at $0.74 cnf.
White contiues firm and today at $1.35 cnf
MLS Spot quoted at $0.86 and as high as $0.88 with ML at $0.88 up to $0.90

IBI

2003-03-06
Malabar $0.81/$0.80;
Lampong Offered at $0.81;
Muntok White offered at $1.32;
Vietnam 500 G/L $1245 FOB and 550 G/L $1295 FOB with Buyers $1300 CNF India.;
Brazil Basta $1500 FOB March shipment.
Awaiting your news and views.
IBI

2003-02-26
MG1 $0.83/$0.82 for March and April;
Lampong $0.82;
MLSV ASTA for further out $0.76 and MLSV 550 G/L for March forward at $0.68 maybe REPEAT maybe $0.67.
BASTA reported $1450 FOB.

IBI

2003-02-24
Mg1 $0.83
Lampong $0.83
Sarawak Brown Label parity $0.85 and yellow label $0.81
MLSV asta sellers $0.78 buyers reluctanbt to place any bids at the moment but indicating $0.72 cfny.
White $1.30 cfny
Wouter
IBI

2003-02-21
Vietnam today 500 G/L $1300 FOB and 550 G/L $1375 FOB;
BASTA at parity $0.79 cnf Feb/Mar;
Mg1 $0.81;
Lamasta Offered $0.83;
Brown Label Sarawak $0.86;
White $1.30 buyers $1.28 all cfny
M/L Spot $0.88;
White Spot Indication $1.40.
Wouter
IBI

2003-02-20
Lampong $0.80 cnf confirmed traded.
Mg1 today $0.81/$0.82;
Basta $1650 FOB;
Vietnam 500 G/L $1330 and 550 G/L $1420 all cnf EBP.
Wouter
IBI

2003-02-14
Malabar $0.86/$0.85;
Lampong $0.84/lb offered for prompt with buyers perhaps at $0.82/lb perhaps $0.83;
Sarawak Brown Label $0.8625/lball cnfny.
Black Vietnam ASTA available at $0.82cnf for Feb/Mar shipment.
White steady to firm with sellers quoting muntok at $1.32/$1.34 with buyers at $1.22/$1.23 FOB.
MLSV ASTA sellers at $0.79/$0.78 and buyers ideas still only at $0.73/$0.74.

Wouter/IBI

2003-02-06
Market completely neglected.
Malabar $0.87;
Lampong $0.84;
Vietnam 500 G/L $1650/mt EBP;
MLSV asta 3/12 $0.78/$0.79 all cnf.
White Muntok $1.32/$1.31;
Chinese white 600G/L min $2600 all cnf EBP;
B1 $1700 and Basta $1750 Feb shpmnt FOB

Wouter/IBI

2003-02-05
Malabar today $0.88/$0.87;
Lampong Offered firm today at $0.85/$0.84;
Vietnam 500 G/l $1700 cnf EBP;
Muntok White pepper $1.32 buyers $1.25;
Chinese white $2600 cnf EBP.
Spot buyers here $0.84/$0.85 sellers with us at $0.90

Wouter/IBI

2003-01-23
Pepper mrkt opened firmer with the down slide from India and Vietnam having slowed down. With Chinese New year approaching vietnam will remain quiet and they are already shutting down from what we are advised.
Malabar Mg1 $0.85 upto $0.87; Lampong quoted $0.85 cnf; Basta Quoted $1700 FOB
Rgds
Wouter/IBI

2003-01-13
Pepper market steady with very little change from Last weeks closing.
Malabar holding steady at $0.86/$0.87 cnf and offered today at $0.82 FOB.
Lampong $0.82 FOB offered and CNF is at $0.88 perhaps $0.87.
Understand from reliable sources that Sarawak Traded January at $0.80 FOB and further offered in the market at $0.83 cnf.
Vietnam quoted 500 G/L $1675 FOB and 550 G/L $1850 FOB all prompt shipment.
MWP in the market $1.385/$1.40.
In general market steady but quiet with limited interest which appears repeat appears to be coming from one direction but unable to positively confirm same.
Awaiting your news/offers/quotes tomorrow

Wouter/IBI

2003-01-06
The pepper market continues relatively quiet with most of the interest in White pepper. Some interest in spot at $0.87/$0.88 with sellers more in the range of $0.96.
LAMPONG:
Continues to rule steady and operating in a narrow range with offers in the market to day as low as $0.90 but unable to confirm if this was origin or resellers. The indications we received from origin were around $0.92 cf.

MALABAR:
We understand that arrivals continue to be picked up by exporters and on the local market therefore the supply continues to remain tight. Today Prompt $0.92/$0.93; Feb $0.98 and 1/2/3 $0.97

SARAWAK:
There continues to be some short covering in this market which is what is keeping the market steady/firm as that is absorbing all available arrivals. In general everyone is starting to prepare for the upcoming Chinese New Year begining February. Brown Label today $0.95 cnf.

BRASIL:
Basically unchanged and they have returned from the long Holidays. Today Basta $1850 fob for Jan/Mar and for Sept/Dec $1800 FOB.

VIETNAM:
At the moment this appears to be the origin everyone is waiting for. We understand that some of the arrivals will start coming out after the New Years Holidays from the Old growing areas and shipments will be made Second Half February. The rainy season apparently latest longer than usual and therefore the crop in general will be late around March/April from at which time it is expected that prices will ease somewhat. The crop is reported to be larger than last year and the quality much better with much heavier pepper. Today 500 G/L $1815 cnf EBP ; 550 G/L $1905 CNF EBP.

WHITE PEPPER:
White appears to be firming with Muntok Sellers around $1.40 and Buyers at $1.38 cnf. In Sarawak quite a few arrivals but all immediately taken up.

GENERAL:
Buyers here appear to be content to wait and see and watch developments. MLSV ASTA buyers for 2/7 and/or 3/8 at $0.78 and sellers around $0.80/$0.81 cnf.

Wouter/IBI

2003-01-03
Pepper continues uneventful in our market with us.
Believe next week we may see some resurrection of the market when everyone is back.
All prices unchanged from yesterday.
We await your news/views/offers opening Monday.
Wouter/IBI

2002-12-19
Pepper market here unchanged. Steady slightly firmer undertone. Sentiment still on the weak side but now that most buyers are leaving for the Holidays it is a small factor. Continuing to look for sustained buying interest so that market gets some concrete sustained direction Rgds

Wouter/IBI

2002-12-16
Our pepper market along with other items appears completely neglected.
Pepper however appears to have stabilized but the market is still and will continue to be lacking of buyers between now and the first of the year. By weeks end we will see the October imports for the USA and will get a better picture as to why buyers appear not ready to step in. The bearish sentiment remains in the market in view of expected crops ( may they be accurate or not).. End users appear to be adequately covered and will step in when prices decline or show a real sustained direction once the crops start arriving in earnest. Currently it appears that the market is operating with a combination of bearish sentiment, adequate coverage, and Holiday mood. Therefore we believe the market will continue to operate in an extremely narrow range at least into first half of January 2003.
All Origins remained unchanged today.
We look forward to your news, views offers/quotes opening tomorrow again

Wouter/IBI

2002-12-12
Pepper market unchanged from yesterday. Reportedly MG1 Dec still available at $0.88 cnfny HOWEVER we have NOT been ABLE TO CONFIRM.
B1 $1775 FOB DEC shipment.
In general we find the market appears to have bottomed out and the selling pressure appears to have eased. Buyers for the major part remain sidelined and watching developments. With the Holidays approaching many people are pre-occupied with closing down for the holidays and do not appear to be in a buying mood.
We will post you again tomorrow if any changes.

Wouter/IBI

2002-12-11
Pepper extremely quiet and uneventful here. Market eased drastically today on much lower offers from India with Prompt $0.94/$0.93 and Jan and Feb at $0.92 cfny. Our buyers not reacting as expecting continued fluctuation for the near future but long term market may decline somewhat more. Brazil extremely difficult to get firm offers and Sarawak/Vietnam/lampong unchanged with us today.

Wouter/IBI

2002-12-10
Pepper here steady unchanged from the close last week. Buyer's still not responding. Some interest at origins to sell next year positions but buyers not very aggressive on the buy side except at substabial discounts. Today
Mg1 Dec $0.98 Jan/Feb/Mar $1.00
Lampong Dec/Jan $1.00
Vietnam 500 G/L 1800 CnF EBP
Brasil reports REPEAT reports trading Basta $1850, B1 $1750 and B2 $1650
Sarawak no news with us
Please keep us closely posted

Wouter/IBI


2002-12-04
Pepper shows no activity except in white which is now at $1.42/$1.43 cnf.
On Black all origins are unchanged with Malabar Dec offered at $0.95 unsold with us.
Lampong quoted at $1.00
Brazil Basta quoted at $1700/$1690 perhaps possible but only with firm bids. Offered at $1750 FOB. B1 Quoted at $1650 and B2 at $1550 all fob
Vietnam reported 550 G/L available at $1800 CNF EBP;
Sarawak Black Label at $1800 CNF EBP and yellow label at $0.90 cnf ny for first quarter next year

Await your news tomorrow

Wouter/IBI

2002-12-03
Pepper today appeared steady however there were still some cheap offers in the market from India.There is still some pressure to sell from India and Brazil but buyers do not appear to be reacting.We believe this is because of the underlying weak sentiment in the market, the adequate coverage by end-users, and the approaching holidays. Traditionally this time of year is slow and buyers are not in a mood to do much unless they can find some real bargains.

INDIA:
Offers today for Dec at $0.95 and at the same time soliciting a reasonable nearby bid. Jan/Feb/Mar quoted at $1.00/$0.99 cnf.

LAMPONG:
$1.00 up to $1.02 cnf for nearby positions only.

SARAWAK:
Offer yesterday at $2200/mt cnf

BRAZIL:
BASTA $1680; B1 $1650; B2 $1575 all FOB.

VIETNAM:
We see no offers from this origin.

It appears that buyers will continue to watch developments in view of the fact that there does not appear to be any shortfall at the moment from the supply side.

Thanks N Rgds
Wouter/IBI

2002-12-02
Pepper completely neglected with us. All origins appear to be steady although we still sense somewhat weak sentiment. Probably due to the selling pressure received from India and Brazil. India soliciting bids with quotes prompt $0.96 December $0.99 and MLS offered firm at $1.00. Also reports (The Economic Times) that prices in black pepper declined further on the the local Indian market on the lack of buying interest coupled with good inflow from producing centers.
Brazil quoting and soliciting bids at $1700 FOB for BASTA with buyers at $1675 FOB. B1 quoted at $1675 with news from Europe that they were receiving offers at $1650. B2 quoted at $1600 FOB but shadeable somewhat. Lampong at around $1.03/$1.02 with Sarawak Brown Label at $2200/mt cnf for prompt shipment. Vietnam 500 G/L $1750 FOB. In addition we have received news that the Vietnam Pepper Association announced the new crop to be projected over 80,000 mt.
White Pepper: Steady/firm sellers $1.36 buyers $1.30 all cnf
In general we find no takers here in the market and everything remains quiet

Thanks N Rgds
Wouter/IBI

2002-11-27
Pepper market steadier today on lack of available offers from Brazil and the cheap offers reported yesterday unavailable today. Buyers still there but no sellers. Buyers continue to watch developments and with the long Thanksgiving holiday tomorrow many buyers closed early.

BRAZIL:
BASTA firm offer(s) in market at $1750 and B1 $1700 all FOB

LAMPONG:
Unchanged with Lamasta quoted at $1.03/$1.02

MALABAR:
Slightly steadier by about two cents. MG1 Dec $0.98/$0.97 January $1.01/$1.02: TGEB $1.05 December

SARAWAK:
Brown Label Dec/Prompt shipment at $2200 cnf. This origin reportedly is experiencing a wait and see scenario from their buyers as they appear to be convinced that they can buy cheaper later. Prices here appear to be declining each day as exporters are not stepping in to buy merchandise either.

VIETNAM:
No news with us.

WHITE PEPPER:
Steady with March and April Muntok trading at $1.35 cf

We await your news/views our opening again tomorrow. Email will be accessed even though office is closed.

Thanks N Rgds
Wouter/IBI

2002-11-25
The pepper market is under some extreme selling pressure coming from origin. The buyers are becoming even more cautious with this downward trend in view of the lack of off-take. The weak sentiment that has been in this market has now been strengthened even more.
We are of the opinion that this trend will continue. However there will be a point at which the market will rebound but then it should again come down to some reasonable levels.
As you look at our import statistics we are ahead of schedule. Along with this Brazil reports that they exported to the USA Jan-Sept 6,658 mt. We note our import figures from Brazil show a difference of 1265 mt between our arrivals and the Brazil shipment statistics. Therefore we know there is more on the water. This does not count what was shipped in September from other origins and not yet arrived. These will appear in the October arrivals plus what brazil ships in the first part of October (due to short transit time).
So coverage again appears to be adequate and comfortable. Now with selling pressure appearing there is no need for the buyers to panic. They are better off to wait and watch the market develop and find its own level.
The market here appears to have already shifted into the Holiday mood and this will become even more pronounced as the next two days go by.

BRAZIL: BASTA around $1850 FOB and B1 $1725 FOB

MALABAR: MG1 $0.95 December offered and Jan-Mar quoted at $1.02 and soliciting bids. Reports are that some of the growing areas are down substantially but other areas are up in production. Estimate that the whole crop in fact will be down by about 15%-20%. However this shortfall will most likely be taken care of by the larger production in Vietnam and other origins which are now appearing into this market.

LAMPONG: Appears to be the only origin that is holding , but then that is understandable given the fact there their new crop is still a long way off. Lasta $1.05/$1.04

VIETNAM: Not much of a change here but understand from reliable sources that this crop will be a good one in fact perhaps even larger than last year.

SARAWAK: For the moment does appear to be playing any role in the current market situation.

We await your news/views opening tomorrow again

Rgds
Wouter/IBI

2002-11-21
Pepper market appears to have leveled off and it appears to have reached bottom for the moment. I think buyers are extremely confused now by the sudden rise from $0.95 with Malabar Today at $1.00 for Dec. .
Brasil Asta not offered with us today but B1 was available at $1750 FOB for prompt and December shipment in several directions. .
Lampong is not moving and Lasta continues at $1.05/$1.04..
Vietnam Nothing with us today..
White continues steady at $1.35.
We await your news/views/offers/quotes opening tomorrow again.
.
Rgds.
Wouter/IBI

2002-11-20
The pepper market continues its downward slide on several fronts. A heavy selling pressure appearing from India and Brasil and buyers are now convinced market will continue its downward trend in the near future. The continued lack of buying interest and the Thanksgiving Holidays starting next week Thursday continues to feed the bearish sentiment .
Malabar with us today December at $0.95 and REPORTEDLY TRADED.
Competitors offering BASTA at $1800 FOB and soliciting bids for Nov and December shipment. Reported that November traded at $1800 FOB but we are unable to confirm same.
White pepper also declining with reported available at $1.35
We await your news tomorrow

Rgds
Wouter/IBI

2002-11-19
INDIA:
Mg1 today $1.01/$1.00 with solicitations of bids and also some good quantities being offered into our market. India continues to operate in a narrow range, but appears to be suffering from a lack of follow through which does not appear on the horizon for now. (One report late at the close that MG1 was offered at $0.98 but unable to confirm)
SARAWAK:
Prices unchanged from yesterday with Brown Label quoted at $2250/mt and Yellow Label at $2100/mt Black Label at $1825 all cnf
LAMPONG:
This area reports very little but prices remain basically unchanged with Lasta at $1.06/$1.05
BRAZIL:
Prices here continue to decline somewhat with Firm offer today BASTA $1900 FOB December shipment.
There has been a lot of speculation in this market for the past several months which appears to have settled down. B1 today at $1850 FOB
VIETNAM:
Supplies reported to be limited and 500 G/L continues to be quoted at $1875/$1900 with buyers ideas well below that.
WHITE PEPPER:
White has eased somewhat with quotes at $1.38 and buyers slightly below that.

Rgds
Wouter/IBI

Read the complete report and analizis clicking on the NEWS below

2002-11-18
In general market easier today
Lasta $1.05;
Mg1 $1.00/$0.99cnf;
Basta $1950Fob11/12; B1 1925Fob11/12;B1 $1900 FOB 11/12;
Vietnam 500 G/L $1875 CFEBP
Sarawak Black $1845 CFEBP 11/12
Awaiting your news opening tomorrow again

Rgds
Wouter/IBI

2002-11-16
Pepper continues to operate in a lackluster mode with some greater number of offers today at yesterdays levels with some slight easing.
Buyers' sentiment is still downward. However we may see a run up in the market before an easing in prices occur. It appears to be a standoff on who will flinch first.
We are still of the opinion that there is enough merchandise around and that buyers continue to remain comfortable with the coverage they have already contracted.
Many of the end users appear to be adequately covered in fact some are covered for at least 50/75% of their first quarter needs and therefore can afford to wait it out.
The September statistics showing arrivals in the U.S. will probably come out next week. They are somewhat late due to the Holiday of Monday.
Malabar again today at $1.03/$1.02 with more sellers today.
Lampong, Sarawak, Brazil and Vietnam unchanged.
White continues steady at yesterdays levels.
We await your news again our opening Monday.

Rgds
Wouter/IBI

2002-11-15
Pepper market today easier with:
Malabar $1.02
Lampong $1.05
BASTA $1950 FOB
Sarawak no news with us today
Vietnam 550 G/L $1875 cnf EBP
White unchanged.
In general an extremely quiet uneventful market today

Rgds
Wouter/IBI

2002-11-14
Pepper market featureless and no real activity with buyers abstaining ans sellers being cautious.
Lampong $1.06
Malabar $1.03
Sarawwak No offers or news with us
Brazil Basta 2000/2050 FOB B1 $1950/$2000 FOB
Vietnam 500 G/L $1825 FOB
MLSV shipments March Forward $0.93 cnf
MLSV 550 G/L March Forward $0.90 cnf

LONG WEEKEND HOLIDAY IN BRASIL TOMOROW 11/15

Rgds
Wouter/IBI

2002-11-13
BRAZIL: This origin is most confusing due to what appears to be an extremely volatile market. This market is fluctuating in a wide range of about $300/$400 a ton. However all of this does not appear to have any effect on the other origins or markets, at least not from this vantage point. BASTA today at $2000 FOB December shipment with resellers reported at $1950 FOB and afloat B1 available at $1975 CNF.

LAMPONG: This origin continues unchanged with offers/quotes at $1.06/$1.05

MALABAR: This origin opened firmer at $1.06/$1.05 and later in the day receded with firm offers at $1.03 for December shipment Reported buyer(s) bidding $1.00 cnf.

SARAWAK: This origin continues steady with Black Label at $1875/mtcnf and Yellow Label at $2080/mt cnf all Dec shipment EBP.

VIETNAM: Remains firm with reported small stocks with 500 G/L offered today at $1875 cnf.

WHITE PEPPER: Remains steady at $1.45 cnfNY White China $2875/mt EBP or $2925 CFNY

Rgds
Wouter/IBI


2002-11-12
VETERAN'S DAY YESTERDAY

2002-11-06
Pepper market steady and continues with small fluctuations but the undertone is easier.
Brazil: BASTA $1800/$1750 FOB; B1 $1750 FOB; B2 $1675 FOB
Lampong : quoted $1.06/$1.05 cnf
Malabar: some good quantities offered again today for November shipment with lowest offer at $1.01 cnf
Sarawak: Nothing on brown label but Black label reportedly at $1900 FOB
Vietnam: 500 G/L reported at $1950 FOB
M/L: shipment November and December available at $1.01 cnf
WHITE: White pepper easier by quite a bit with Muntok trading at $1.37 further buyers at $1.35 cfny

In general there are a lot of rumors floating with cheaper prices in the market and trades at lower levels but we have been unable to confirm any of it. We continue to view the market basically at a standstill without continued follow through.
For next year shipments buyers are below $0.90 which for the moment does not appear to be workable.

We await your good news tomorrow
Thanks
Wouter/IBI

2002-11-04
The pepper market continues quiet with India being closed for Diwali.
However market has easier undertone with Malabar Nov $1.03 cnf and Brasil sellers at $1750 FOB for BASTA. Brasil's decline appears to be somewhat influenced by their currency improvement. Lampong indicating today at lower levels $1.02.
White somewhat easier but still in the $1.45 area cnf
Other origins unchanged. We await your news/views/offers tomorrow

Rgds
Wouter/IBI

2002-11-02
Pepper market weaker today with Malabar Nov $1.05 and good quantities being offered. Also reported that MG available at $1.03 cnf.
Brasil declined and traded BASTA November good. quantities at $1850 FOB.
Lampong/Vietnam unchanged with us. Now we have to see if there will be some sustained follow thorugh next week.

Rgds
Wouter/IBI

2002-11-01
The pepper market continues with ltd if any activity in our market with only resellers coming out at levels below origins.
We are given to understand that the market is caught up in a flury of trades at the origins in the exchange and the whole thing has turned rather confusing. Buyers here are not ready to participate until they see some real direction and follow through,. We believe this to be true here in the USA and Europe.
Lampong resellers have reportedly traded shipment at $1.00 and B1 at $1900 FOB. Obviously profit taking.
Today a good size quantity of Malabar was offered from origin at $1.08 cnf unsold with us.

Rgds
Wouter/IBI

2002-10-30
Pepper easier again today with more sellers coming out.
Malabar $1.06 for Nov and Dec;
Lampong nothing new;
Brasil more sellers appearing wanting to sell with resellers BASTA $2150 FOB and B1 $2075 and everyone soliciting bids.
White easier with origin quoting $1.52 but offers here only at $1.55.
Buyers here are do not appear to have much interest and they perhaps may buy when prices hit $1.00.
There appeared to be virtually no activity in this market
Appreciate your news/views and firm offers opening tomorrow.

Rgds
Wouter/IBI

2002-10-29
Pepper continues on a quiet course with continued easier undertone and buyers still showing no real interest. There continues to be a lack of follow through on all fronts and re-sellers are willing to sell below origin by at least two-3 cents per pound.

Malabar .$1.08 cnf
Lampong $1.10 with afloat at $1.08.
MLSV Asta quality March/July 2002 at $1.09 buyers perhaps reluctantly at around $1.06.
B1 Re-sellers at $2100/$2075 FOB
Other origins basically unchanged.
White easier today with Muntok $1.57

Rgds
Wouter/IBI

2002-10-24
Pepper market extremely dull and neglected with no offtake and no interest.
Basically unchanged from yesterday and more looking than actual interest to buy.
The buyers want to buy but at levels well below origin's offers.
M/L/S buyers for Dec/Jan/Feb at $1.06 cnf.
Otherwise origins and resellers just looking for bids

Rgds

Wouter/IBI



2002-10-12
The market grows more excited but most interest continues to lie from buyers other than USA.
Europe remains active for nearby purchases.
Malabar is firmer again today and Lampong slightly higher.
Sarawak is very tight with no sellers.
Brasil continues higher hour by hour. Some anticipate B1 might hit 2100/MT FOB.
Please update your news at our opening Monday.

Rich Ahrens
IBI

richahrens@mindspring.com
ibispice@mindspring.com

Botanicals - Herbs - Plant Extracts & Oils - Seeds - Spices - Tea Ingredients

2002-10-10
Pepper has become more interesting to most players as we have seen prices rise and Europe quite active. USA buyers remain a bit complacent about black pepper but a turn in Lampong might ignite some buying. White has taken off at unprecedented speed and buyers have showed surprising willingness to support these higher levels.

Malabar remains at prices that have prevailed for the last weeks. Nearby is possible at USD .98 and Oct-Dec at USD 1.00. Beyond this period, early 2003 positions are being quoted at a significant premium.
Lampong firmer with indications at USD .90/2 CFCNY
Sarawak reports tremendous firming and is far above other origins.
Brasil offers lowest at 1675/MT FOB for BASTA nearby shipment.
Muntok indicated today at USD 1.42 CFCNY. Trades in last days have reportedly occurred at USD 1.40 to 1.45 depending upon the source.

Rich Ahrens
IBI

richahrens@mindspring.com
ibispice@mindspring.com

Botanicals - Herbs - Plant Extracts & Oils - Seeds - Spices - Tea Ingredients

2002-09-28
India eased today but probably not for lack of interest from our side. Oct/Nov as low as USD .98, Oct-Dec 1.04, Jan/Feb 1.06, March 1.08 CFCNY

Lampong slightly easier at USD 1825 FOB

Sarawak absent

Brasil B1 at USD 1650 FOB November

Muntok firm at USD 1.22 CFCNY

Brasil white at USD 1.19 CFCNY

Rich Ahrens
IBI

richahrens@mindspring.com
ibispice@mindspring.com

Botanicals - Herbs - Plant Extracts & Oils - Seeds - Spices - Tea Ingredients

2002-09-23
India up again today.
Nearby MG-1 at USD 1.03/4, Dec 1.06, Jan/Feb 1.07, Mar 1.09 CFCNY
Lampong unchanged around USD 1850 FOB
Sarawak continues to work cautiously
Brasil 560 GL at USD 1750 FOB
Muntok higher at USD 1.23 CFCNY

Rich Ahrens
IBI

richahrens@mindspring.com
ibispice@mindspring.com

Botanicals - Herbs - Plant Extracts & Oils - Seeds - Spices - Tea Ingredients

2002-09-19
Once again, India?s prices topped the charts. A steady increase has caught the attention of buyers here who watch cautiously to see if there is strength in the recent price increases.
While other origins indicate lower prices, offers are not coming out.
Brasil reported today that their original crop estimates of 65000 tons are overblown and the likely quantity of 45000 tons would only match last year?s requirements.
Sarawak reports that their market has again shown a 2% rise and exporters are operating carefully.

Rich Ahrens
IBI
richahrens@mindspring.com
ibispice@mindspring.com

Botanicals - Herbs - Plant Extracts & Oils - Seeds - Spices - Tea Ingredients

2002-09-16
While India flared up today, holidays in New York kept things quiet for us.
MG-1 hit USD 1.00 nearby and even as high as USD 1.05 for first quarter 2003.
Lampong is practically absent but I hear prices have moved a bit higher.
Brasil ASTA 1700 FOB.
Resellers for MLS are still talking USD .90 for Jan-June CFCNY.

Rich Ahrens
IBI

richahrens@mindspring.com
ibispice@mindspring.com

Botanicals - Herbs - Plant Extracts & Oils - Seeds - Spices - Tea Ingredients

2002-09-14
Pepper in New York remains somewhat dull. Today?s easing in India gives buyers even more reason to sit back and watch.
MG-1 possible as low as USD .90 per pound CFCNY.
Lasta and Sarawak continue to hover at USD .87/8.
Brasil remains quiet and Muntok is unchanged at USD 1.20 CFCNY.
There is admittedly scattered interest but my buyers are less inclined to feel they are chasing the market than to try to do something quietly when they feel there is an opportunity.
Please inform us any changes your side on Monday. Note that many businesses in the USA will be closed Monday for semi-holiday but we will be open.
Rich Ahrens
IBI
richahrens@mindspring.com
ibispice@mindspring.com

Botanicals - Herbs - Plant Extracts & Oils - Seeds - Spices - Tea Ingredients

2002-09-11
The bears have been selling but the bulls just may have won the current round. A leading reseller told me today that he thinks he should stop selling now before he goes too far. Curiously, he maintains his bearish attitude since he must likely cover some of the many sales. One thing is certain, we finally have some volatility which is the life blood of active trading.

MG-1 continues firmer with nearby at USD .98 to 1.00, Oct-Dec .99/1.00 and Jan/Feb .99 CFCNY

Lampong higher again at USD .91 CFCNY which confirmed sold today

Sarawak stays firm and I hear quotes at USD .88 but get no offers

Brasil ASTA hard to find a seller. An offer at USD 1650 was pulled back almost immediately by the seller. B1 in the market at USD 1625/MT FOB with outcome unknown

Vietnam 500 GL about USD 1720, 550 GL around 1800 CFCNY

Resellers MLS Oct-Dec .94/5 CFCNY

Deliveries MLS Dec 1.02/1.05 ex NY

Reportedly Jan-June MLS traded .94 CFNY

White quiet but supposedly sold MWP at USD 1.20 CFCNY.

Please keep us informed.

Rich Ahrens
IBI
richahrens@mindspring.com
ibispice@mindspring.com


2002-09-10
BLACK PEPPER

THIS WEEK STARTS WITH THE NEWS FROM INDIA THAT PRICES IN THIS ORIGIN INCREASED OVER THE WEEKEND BY ANOTHER 3%. PRICES FOR MG1 ARE ALREADY WELL ABOVE US$ 2000,-, WHICH MAKES THAT BUYERS FOR BLACK PEPPER ARE STILL TRYING TO COVER AT LOWER LEVELS IN OTHER ORIGINS.

THE RESULT IS, THAT THE MARKET IS LAMPONG, VIETNAM AS WELL AS BRASIL CONTINUE TO BE STEADY TO FIRM

RGDS
CATZ RDM
HENK MOERMAN


2002-09-07
Rumors abound! Firmness and excitement everywhere continue to drive the market north with confirmed business taking place primarily by resellers at present. It seems at least short term fear has encouraged the shorts to cover themselves.

India about the same with Sept between .88 and .95, Oct-Dec .91 to .93, Jan-Feb .93-.95

Lampong firmer at USD 1725 FOB

Sarawak excited and covering, but prices I hear are comparatively cheap, the problem is finding a seller

Brasil supposedly traded BASTA 1650 FOB

Muntok eased at USD 1.20 CFCNY but India pumped up on white and Sarawak completely uncompetitive

MLS traded Feb-May at USD .83 CFCNY

Rich Ahrens
IBI
richahrens@mindspring.com
ibispice@mindspring.com


2002-09-04
The market looks like its on fire but so far we don?t smell any smoke in New York. A few buyers are excited, more are unconvinced. There are numerous bullish reports but those who are skeptical feel these are only from manipulators.
I do not believe that there is substantial long coverage and most people waited for a bottom that never hit.

MG-1 way up with nearby at USD .90 to .95 CFCNY, further out variable but well into the mid to high ninety cent levels.

Lasta no news

Sarawak said to be much firmer with buying from exporters to cover or create stocks in anticipation of even higher prices to come.

Brasil B1 reportedly sold at USD 1550, Basta 1575 FOB

Vietnam 550 GL at USD 1530 FOB

White said to have sold today at USD 1.22 CFNY. Lowest origin price I have seen is USD 1.25.

Rich Ahrens
IBI
richahrens@mindspring.com
ibispice@mindspring.com

2002-08-30
As we approach the official end of summer in USA this weekend, I am hoping for new life in the market. Monday, Sept 1 marks our Labor Day for which all companies are closed and by which date all vacationers will have returned to the usual routine. Once we pass Labor Day in the USA, we usually see more frequent inquiries and more serious attitudes.
MG-1 firmer with Sept .88-.90 CFCNY
Lasta still USD 1675-1700 FOB for nearby, afloat reportedly sold at USD .76 per pound CFCNY.
Sarawak rains continue to dampen their market but prices are steady with coverage by exporters reported
Brasil ASTA higher at USD 1550 FOB C3

FROM:
RICH AHRENS
IBI
richahrens@mindspring.com
ibispice@mindspring.com

2002-08-12
Brazil B1 / BASTA U$ 1,450 / U$ 1,500
Brazil W1 U$ 2,500
SarawakYelow Label U$ 1,425
Sarawak Brown Label U$ 1,525
Sarawak White U$ 2,050
IPSTA MG1 today down to Rp 85,75 Sept

CLOVES
Brazil offering cloves at 4700 mt fob Vitoria
Indonesians offered at 3950 mt candfc no trade
New crop Comoros traded 4300 mt candfc

2002-08-08
Brazil B1 / BASTA U$ 1,450 / U$ 1,500
Brazil W1 U$ 2,500
SarawakYelow Label U$ 1,425
Sarawak Brown Label U$ 1,525
Sarawak White U$ 2,050
IPSTA MG1 today down to Rp 89,15 Sept

2002-08-05
Pepper market opened this week as closed the last one.
Not very active, sellers and buyers separated by a U$ 100 /mt distance. While US could buy something at U$ 1,375 / mt, brazilian seller wanted to talk about U$ 1,500. Indonesia was offering at U$ 1,720 and could possible get down to U$ 1.670 C+F NY.

Cloves market is also very quiet: Brazil is asking U$ 4,500 , Indonesia U$ 4,300 but there are no Buyers .Apparently we'll have to wait until the end of summer to see some activity increase.

2002-08-04
WEEK July 29 - Aug 02
Last week, half july half august was very unstable and undefined.
With dollar rate jumping and plunging in Brazil, the pepper prices tried to follow it and were in a range between U$ 1,300 uo to U$ 1,600.
Not many deal were done however and these were closed in between U$ 1,400 / U$ 1,450 with one reported at U$ 1,375 all FOB. Some of the new crop is begunning to come out in Para, while Espirito still has stocks of its May production.
Exporters are hoping for bullish definition for the next weeks.
India is confirming this tendency by everyday increase in prices negotiated at IPSTA, and Vietnam is still in the 1,400's . Cloves aparantly parked at around U$ 4,500 being that from Brazil or Indonesia. Some increased interest from the buyers was seen this week, but we don't know of any deal done out of this prices range.
Imports to Brazil were halted by the dollar activity, with big buyers opting to wait what's gonna happen


2002-07-31
In Brazil the U$D rate sky-rocketed from R$ 3,29 to 3,62 and closed as 3,47. Unexpectally Pepper prices at growers followed the dollar rate and went even further: from R$ 3,20 per Kilo asked by the growers on Tuesday to R$ 3,70 yesterday. At the same time Importers had different reactions, some buying some waitning.
Reported sales done at U$ 1,375 FOB B1 in the morning, U$ 1,430 FOB later during the day. Most exporters were still asking U$ 1,500 and even U$ 1,600 FOB B1. Later no one was willing to sell.
Vietnam was at U$ 1,400 FOB 550 g/l, and Indian MG1 was firmer rising slightly but consistenly for the 3rd day in a row.

2002-07-30
Market continues very calm. Brazil sold today to Argentina B1 at U$ 1,400 and W1 at U$ 2,300 for prompt, while most of the traders still asking U$ 1,500 for BASTA with no Buyers.
Vietnam was offering U$ 1,400 FOB the 550 g/l and reported having sold one lot 500 g/l at U$ 1,400 C+F Dubai. Indonesia asking U$ 1,700 C+F NY .

2002-07-29
Market very calm yesterday. Bazilian exporters asking U$ 1,500 FOB on B1.
Europe thinking on U$ 1,350. ASTA U$ 1,400, all for prompt shipment. Reported one sale to Argentina, B1 at U$ 1500.

2002-07-26
The Pepper market was firm all through the week but slow down a little at the end.
Reports received from Indonesia and Malaysia inform a pressure of exporters to cover short positions for July shipments. Apparently the market eased friday with some rise of seling pressure.
. The Europe has also been bullish with some buying interest. Reported increase in somne $80 per ton for MG1.
IPSTA quotes where going slightly down the first half of the week, rised on the last day, closing at Rs 86,80 for August and Rs 91,00 for December .
Vietnam rised prices from U$ 1,300 monday to U$ 1,425 friday
Brazil was pushing prices, offering at U$ 1,500 but apparnetly deals were done at U$1,390 FOB on Wendsday and the possible buyers were out by Friday..
Cloves market is calm almost bearish. Madagascar is asking U$ 6,600 unsold and Indonesia came down from U$ 4,500 to U$ 4,400 with very few deals to account. Brazil ask U$ 5,500 for the existing stocks..
.
This was our first week of the daily info bulletin.
We wish to thank all those who collaborated with information that made it possible. We hope to improve it as time goes by. If you detect some unacuracy in our information, your coments and corrections will be highly appreciated.
BRGDS.
PEPPERTRADE

2002-07-24
Market definetively firmer
US paid BASTA at U$ 1,500 FOB for August.
In Brazil, local market paid R$ 3,95 / Kg.
Vietnam offered 550 g/l at U$ 1,415 FOB. Vietnam offered the 500 g/l at U$ 1,350 FOB , Spain bided U$ 1,400 C+F no deal. Big dutch trading,s opinion is that market will still firmer and the prices may rise some 20 /30% till the end of the year. By the other hand IPSTA - Conchun - India, closed down at Rs 87,00 for August.

2002-07-23
Indian Conchin IPSTA closed at R$ 90 for August
Vietnam was asking U$ 1,380 FOB for 550 g/l
Brazil had no sellers. Not many buyers from NY. Europe in summer vacation. Everybody waiting to see where market goes. In Brazil Espirito Santo growers still hold stocks expecting prices to rise. There were rumors of delay in Para's crop but Tome-A?u region is alredy beginnig the harvest.
Indonesia trading Cloves at U$ 4,500 C+F C

2002-07-22
Some talks that McCormik is buying lighted up the sellers market in Brazil.
Exporters where firm on their demanded price level of U$ 1,450 per mt B1 for prompt shimpent FOB Vit?ria.
American buyers bided U$ 1,400 for ASTA unacepted. U$ 1,425 did not look good to any party.
Vietnam asked U$ 1,370 /mt FOB for 550 g/l.
BlackPepper IPSTA Cochin closed at R 87.00 for August.