General
Outlook
May 28, 2004
Market for Cumin seeds more strong but this all due to local
speculation from both local traders and exporters who are
trying to lift the market up in order to create sales before
new crop comes out in July. We think that it is all an indication
that price-levels will be on lower levels in July when both
crop in Turkey and Syria are entering the market. Sales were
slow for cumin in the last couple of months and at least in
Turkey we are having a 7000 M/t overcarry of cumin seeds.
India is moving around the 1500 $ FOB levels to. With all
this overcarry available and new crop coming ahead 6 weeks
later we do assume that prices will be weaker by end of July
/ August.
New Crop Oregano available for shipments by the 1st week
of August. All looks favourable with good weather conditions.
Of course price-levels are strongly depending on buying activity
by producers / exporters when raw material is entering the
market in 2nd half of July. We do not expect much movements
in the coming 6 weeks.
Laurel Leaves new crop entering the market in September /
October. We are able to offer limited stock of Hand Selected
laurel leaves of good quality. Pressed material is exhausted
and quality available is very poor.
Sun Dried Tomatoes drying periode will start after 15th of
July untill 1st week of September. New price-levels depending
on raw material prices fresh tomatoes in July and the weather
conditions during the drying periode.
Please do not hesitate to contact us should you require any
more information or firm C + F quotes for above products
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