Tag: featured

24th June 2013 The recent court decision in India to temporarily ban the import of white poppy seed, has caused chaos in the fragile trade between sellers ( Turkey ) and buyers ( India ). India in a normal year, can import up to 15 to 20,000 mt, so is essentially the only major buyer of White Poppy Seed internationally. The stats are roughly: Turkish crop 2012: 4000 mt produced with a 15,000 mt carry over from 2011 2013: 30,000…

19th July 2013 See below a recent clove report from a European trader: “Market is steady in spite of relative quietness. Anyway this can be the calm time before the storm comes.” Why a “storm” ? Simply because my Indonesian contacts keep on reporting that crop is short down there, and they show signs of interest bot both Mada current crop material and Comoros new crop. In the meantime Mada domestic is expensive, Sri Lanka looks cheap but quality is…

12th June 2013 The coriander market looks set for interesting times. Generally speaking, the two major producing areas ( India and Eastern Europe ) are experiencing poor harvests at the same time. This is an unusual coincidence which may lead to higher prices for some time. India: The crop was harvested in Feb / March and looks set to be around 30% to 40% less in tonnage than the previous year. Speculators are controlling a large part of the crop…

Chinese Garlic new crop is here !!!!!!!!!!!! 11th June 2013 See an interesting report / offer today: The starting price for dehydrated garlic this year is extreme low. Majority of the dehydration will start next week. We can now offer new crop 2013 as follows; garlic powder at              usd1530/mt garlic granule 26-40mesh at   usd1815/mt garlic minced 8-16mesh at     usd1815/mt garlic flake  at                   usd1850/mt cfr As the starting price is quite low, farmers has met huge loss this…

The following is quoted direct from Tripper – Indonesia Cinnamon: Prices began moving up during Q4 of 2012 and appreciated almost 15% before stabilizing in April of this year. Since then we have witnessed a slight correction (- 2 %). With the rainy season coming to an end, it is unlikely prices should rise again and unless there is a sudden strong demand for bark, prices should keep falling another 2 – 3 %. Nutmeg & Mace: North Sulawesi and…

Below is a current general market update from a major Chinese supplier:   Just would like to give an brief market report on garlic. Fresh garlic new crop will be harvested next week. The size is expected to be 16% bigger than last season. As new crop is coming,  some suppliers are pushing recently the stock for 2012 crops with relative low price which makes market level lower. Actual market trend is not clear yet as it will depends on when the dehydration starts…