PEPPERTRADE DAILY ARCHIVES

Existem grandes estoques não vendidos em Singapura, estimados em 20,000 ton.
Nos não vemos possiblidade de o mercado subir embora possa ser uma boa oportunidade de realizar lucros se conseguir vender por U$ 4,000 por ton.
Nos acreditamos que o mercado venha para U$ 3,500 /ton em um prazo muito curto e continue caindo até chegar a 3 mil dolares e mesmo abaixo, assim que a nova safra da Indonesia venha para o mercado em uns 2 meses.
A safra da indonésia se preve de uma muito boa qualidade e em torno de 80,000 ton.

Janeiro 31, 2006
Sharma
Parsram Bros.

2004-04-21
PIMENTA
Os preços de pimenta negra no Brazil continuam subindo.
Esta semana já se está pedindo U$ 1,450 FOB para B1 e U$ 1,370 para a B2 e U$ 2,500 para a brancaW1.
Embora não conhecemos registro de vendas neste nível este sentimento de alta está aparentemente sendo justificado por alguns mercados que possam preferir a origem brasileira
Vietnam vende a 550g a U$ 1,280 FOB HCMC.

CRAVO DA INDIA
O estoque na Bahia dificilmente deve superar 500 ton. Entretanto o interesse dos compradores desapareceu neste momento. Não é dificil comprar neste momento lotes de 10 - 20 ton a preços ao redor de U$ 2,500 /ton FOB

COMINHO
Cominho continua subindo forte e firme, tanto na Turquia como na Siria.Preço pedido hoje FOB está em torno de U$ 1,200/ton
Estima-se uma quebra de safra de cerca de 40% nos dois países o que seria a causa desta alta persistente.

Editor Peppertrade

2004-03-03
The market continues to remain quiet with buyers not willing to step in and sellers not pressinf to sell
Users here continue to appear comfortale with their positions andthe avialability here.
Many buyers are of the opinion that prices will come down once they see waht vietnam will do. It is interesting to note that origin is not pressing to sell which leads one to believe that there must be some shorts at origins and that they will cover first quietly and unobtrusively as markets continue to operate in a narrow range.
It is believed repeat "believed" that forward sales have been made at whone could term relatively low levels in anticipation that by this time the market would have eased. All indications from where we sit, I believe that the market will continue to operate at current levels for some time to come. Once the "shorts" are covered things will start to move again.
White continues firm with sellers at $1.15 and buyers perhaps around $1.12 cnf.
Lampong steady at $0.70/$0.69;
Malabar $0.80/$0.79
Vietnam unchanged across the board Vasta $1350 FOB 550 G/L $1250
B1550 G/L $1350 FOB and Basta at $1425/1450FOB;
Both prompt.

We await your news opening tomorrow
Regrads
Wouter/WWC

2004-02-25
We are continuing to see a lack of interest at current levels in pepper.
It appears that buyers feel extremely comfortable with what they have and if they are unable to buy “substantially” below current market levels they are leaving it alone.
Basically all prices from all origins are unchanged and continue to move +- in an extremely narrow range and are for the most part steady.
Many are waiting to see what effect Vietnam will ultimately have on prices.
Please keep us closely posted and we await your news.

Wouter/WWC

2004-02-14
The pepper market continues to be extremely quiet with minimal amount Of activity if any.
Today Malabar $0.80; Lampong $0.71 all cnf.
Vietnam 500 G/L $1235/mt; 550 G/L $1275/mt;
Basta $1400/mt all FOB
MLSV shipment through Dec 2004 $0.69 We are attaching the updated import statistics for the year 2004 Jan-Dec.
We await your news and comments opening Tuesday as Monday Holiday Here (Presidents Day)

Wouter/WWC

2004-02-04
Pepper market continues to drift along with BASTA reportedly Trading at $1275 for B1 and ASTA at $1300 all FOB
Lampong buyers around $0.67 and sellers at $0.71
Malabar reported $0.82
Vietnam 500 G/L $1275 FOB and 550 G/L $1325 FOB
It is reported that Sarawak still has some short covering taking place by a few exporters in the Sareiki area.
Europe advises that their market continues to remain quiet as everyone Still appears to be waiting what will happen with the Vietnam Crop.
Believe it will still take a week or two to see where this market is going to go.
Appreciate your updates and look forward to hearing from you

Thanks and Regards
Wouter/WWC

2004-02-02
February 2, 2004

Pepper market rather neglected due to the many holidays and we should see more info tomorrow.
Lasta not offered today as Indonesia on Holiday till tomorrow.
Malabar offered at $0.85 and loswet quote in the market is $0.80.
Basta reportedly still at $1350 FOB
. I look forward to your news tomorrow.

Thanks
Wouter/WWC

2004-01-10
Um grande 2004 a todos são os votos de Peppertrade

Wouter Weening que costumava brindar diariamente a comunidade com seus comentarios e inforações de mercado sempre precisos, aposentou-se a partir de 1 de Janeiro. Lamentamos a perda desta importante colaboração, mas a vida continua.
Publicaremos agora neste espaço as imformações e tendencias mais importantes da semana que passou, contando sempre com sua preciosa colaboração a qual agradecemos de antemão.

Nesta semana:
1- Cravos tiveram uma forte procura, causando uma subida de quase 20% nos preços de origem.
2- Mercado de Pimenta do Reino continua estável sem grande procura.
2- Os preços de Cominho de todas as origens subiram em torno de 30% de todas as origens.
4- Pimenta Jamaica também em forte alta no mercado, em torno de U$ 3,500 ( Mexico)

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

2003-10-21
20/10 Sebrae-SP realiza fórum sobre Lei de Bioterrorismo

Preocupado com a repercussão que isso pode ter nas empresas de pequeno porte e em orientar os empresários quanto a novas exigências e prazos, o Sebrae-SP realiza na próxima quarta-feira (22/10), das 14h às 17h, o fórum Lei do Bioterrorismo - Novas exigências para a exportação de alimentos para os Estados Unidos. O evento terá como palestrantes, Luis Madi, diretor do Instituto Tecnológico de Alimentos (Ital), e Arthur Ramón Dias, assessor Especial da Câmara de Comércio Exterior (Camex).

Data: 22/10/2003, das 14 às 17h
Local: Auditório Sebrae-SP - Rua Vergueiro, 1117 - 6º andar
Inscrições: comin@sebraesp.com.br

2003-10-04
Enquanto Wouter Wenning da IBI está afastado por problemas tecnicos, estaremos publicando algumas informações releventes de outras fontes.

BELEM SEMANA OUTUBRO 03

Apesar de muitas conversas nos últimos dias, o mercado abriu tranquilo na segunda feira dia 29. Negócios foram fechados na base de U$ 1,350 para B1 e U$ 1,400 BASTA FOB. Entretanto alguns exportadores operando forte este ano começaram a aceitar um ligeiro aumento dos produtores no meio da semana, e como resultado os negocios escassearam para o fim da semana. Alguns produtores estão esperanços com a continuação da subida a partir de segunda feira dia 6 de Outubro, embora os Importadores resloveram se acautelar. Houve conversas de vendas a U$ 1,375 para B1 e BASTA chegou a ser pedida a U$ 1,500; também houve tentativas de vender B2 a U$ 1,350 - sem retorno para o nosso conhecimento.

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
MALABAR:
Sellers for July and August at $0.85cnf and soliciting some nearby bids.
LAMPONG:
This appears to be the cheapest source for the moment at $0.80/$0.79 cnf .
VIETNAM:
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

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 ESTÁ DE VOLTA DAS FÉRIAS
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 está de férias na Europa. Devrá retornar em 21 de Julho

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

2003-04-14
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

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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
Mercado de pimenta sem mudanças.
Estamos ouvindo contínuamente rumores sobre descontos em nosso mercado, porem não pudemos confirmá-los, nem obtivemos estas ofertas.
Fora de pedidos ocasionais para necessidade imediata no spot não estamos observando muita atividade
As origens parecem ter chegado ao fundo e hoje o mercado esteve assim:
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 pr