General Otulook:

November 22, 2004

None or little movements in price-levels for the Turkish Seeds :

Anis Seed somewhat firmer due to stronger demand in domestic market by the `Turkish Raki` producers. We forsee Anise to stay on stable levels and slighly upwards in the months to come.

Cumin very stable from Turkey but still difficult to sell by exporters due to lower price-levels below $ 1700 for Syrian Origin.

Blue Poppy steady. White Poppy firm, prices can fluctuate strongly during the season as largly depending on Indian buyers who are a strong buyer of Turkish White Poppy seeds.

Laurel Leaf price have been firming up in the last 2 weeks. Prices in the domestic market for the raw material has increased. The demand for especially lower grades like FAQ is high from especially the Far East ( Hong Kong ). We expect prices to stay firm during the whole season and do not forsee an price-decrease. New crop Laurel Leaves only in September 2005, a long time to go. Hand Selected grades at steady levels as demand for these grades by buyers is decreasing each season.

Oregano available and most raw material in hands of exporters who are trying to sell and looking for better and higher price levels if possible. However, the demand is not as expected and buyers are buying what is needed. Prices for good nice fancy grades somewhat firmer as also the weak US$ against the Euro is not in favour for the final US$ export prices. We expect prices to circle around above FOB levels untill the end of this year.

Pure Sage ( Salvia Triloba ) from Turkey is scarce and price levels are high. Lower grades might be offered but this is not the real Turkish Sage `Salvia Triloba`. Buyers should be carefull when purchasing. There might be a huge difference in quality and V.O. levels. New crop only in July 2005, expecting 1st grade product to be sold out soonest.

Capers steady in prices with weak market for larger sizes Fines, Capote and Capucines.

We`ll keep you posted but feel free to contact us should you require any more info about above products or firm quotes based on C + F base.