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General Outlook
October 27, 2005
Current Exchange Rates ( 27.10.2005 – Central Bank of
Turkey, www.tcmb.gov.tr ) :
1 USD = 1.3479 YTL
1 EUR = 1.6274 YTL
1 GBP = 2.3941 YTL
Cumin Seed
Price on stable levels in the last week. Together with Syria
there is sufficient raw material available in the market which
is keeping prices steady for the time being. No large changes
expected in the coming weeks.
Anise Seed
Extreemly expensive for Turkish origin as domestic demand
is big together with limited crop quantiy in Turkey this season.
Also Syria is now following with higher price levels moving
around the US$ 1.900 per M/t FOB comparing with around the
1.400 per M/t level we had last August. We expect no change
in price for Turkish material and depending on supply / demand
Syria might also lift their prices up in the coming months.
Fennel Seed
Crop was very short this season and this has given firmer
prices. It is not unlikely that prices might firm more upwards
in the coming months. We advise buyers to make a contract
if in need of larger quantity for the rest of the season.
New crop only by end of August 2006.
Blue Poppy Seed
Blue Poppy very steady and somewhat weak. White and Yellow
Poppy in general short in crop quantity with firm price levels.
Fennugreek Seeds
Crop was very small this season and product is exhausted already.
Turkish farmers not very interested to cultivate Fennugreek.
Difficult competiton on this item with origins like India
seems to be the main reason.
Sesame Seeds
Steady and sufficient material available of the so called
`Golden` coloured Sesame Seeds.
Oregano
Very steady for the moment. Most exporters supplying from
their stocks. High Volatile Oil merchandise product will be
more difficult to obtain later on in the season. We can still
offer all grades as mentioned above.
Sage
No significant changes for the moment and pure Salvia Officinalis
grade still available. Availability might be more difficult
to obtain reasonalble V.O. levels after February / March as
Volatile Oil of raw material is decreasing during storage.
Laurel Leaves
Steady but firm for the moment. The signs are that raw material
is limited but on the other side it is very hard to predict
how much raw material is still in hands of villagers. We predict
prices to stay firm but product will still be available for
shipment during the months to come.
Rosemary
Steady and no significant changes.
Sun Dried Tomatoes
Now exporters depening on their stocks and not all grades
can be offered. We should know the Moisture, SO2 ppm level
and Salt level before making any firm offers on this item.
Capers
Prices steady but firm. Size Nonpareille and Surfines might
see a firm up in price levels due to small crop this season
both in Turkey and Marocco.
Please do not hesitate to contact us should you require any
additional information about this product.
Mondial Int'l Agency Ltd.
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