Supply issues and in the EC, Biphenyl & Aflatoxin / Ochratoxin issues are pushing prices way beyond any previous historical levels. Whole ABCD traded today ex Rotterdam at $21,500 pmt with Aflatoxin guarantees. The Indonesian crop is in two stages…September and Mach. This year the Indonesian March crop is delayed to around May / June due to very wet and windy weather. The crop last year was around 10,000 mt and it is estimated to be lower this year. The Sri Lankan crop is poor and material for EC does not match Aflatoxin requirements. Ground Nutmeg is being traded at around Euro 15 to 16 /kg delivered with full guarantees in the EC.

 

 

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Andrew Barker

An international food broker, with main activity in spices and herbs.