Market on steady levels for the moment and some items slightly weaker in the last week.

Turkish exporters have still difficulties to compete on Cumin and Anise Seeds with Syrian origin. We expect this tendency to continue for this season due to shortage in crop in Turkey for especially Anise Seeds.

The new crop season for Laurel Leaves started with firmer prices for raw material. We heard signs that total crop quantity will be lower then the usual 5.500 M/t harvested. Actullay somewhat to early as new crop just started. In october it will be more clear what the tendency will be for this season regarding price and quantity.

Oregano steady although slightly firmer raw material prices. We do not expect much changes especially for the low V.O. grades such as 0.5 and 1% V.O. Minimum.

Current Exchange Rates ( 31.08.2005 – Central Bank of Turkey, www.tcmb.gov.tr ) :

1 USD = 1.3473 YTL
1 EUR = 1.6445 YTL
1 GBP = 2.4035 YTL


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Mondial Int'l Agency Ltd.