Mondial International Agency Limited

Spices & Herbs – Turkey

Friday, August 27, 2010

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Please find herebelow our quotations for our regular items. These prices have been worked out for prompt shipment in full containerloads and should be treated as indicative as prices may change without notice. Kindly ask for firm offers as required.

Cumin Seed

Difficult to buy in spite of slow demand..

Cumin Seeds 99% US$ S$ 3.140,-- per M/t FOB Izmir

Cumin 99,5% US$ 3.200,-- per M/t FOB Izmir

Cumin 99% Steam Sterilized US$ 3.475,-- per M/t FOB Izmir

Cumin 99,5% Steam Sterilized US$ 3.540,-- per M/t FOB Izmir

Anis Seed

Turkish Alcoholic drink manufacturers stepped down their purchases and market dropped but producers trying to resist.

Anise Seed 99% - US$ 6.055,-- per M/t FOB Izmir

Anise Seed 99,5% - US$ 6.245,-- per M/t FOB Izmir

Blue Poppy Seed

Some sporadic demand keeping prices firm.

Blue Poppy Seed 99.9% - US$ 2.075,-- per M/t FOB Izmir

White Poppy Seed

Suddenly weaker as India stepped out.

White poppyseed 99,9% US$ 3.425,-- per M/t FOB Izmir

Sesameseed

Quiet with little interest.

Yellow Golden Sesame Seed 99.8 % US$ 2.290,-- per M/t FOB Izmir

Fennelseed

Quality and quantity will be a main problem this season as some goods are rain-damaged..

Fennel Seed 99.5% at US$ 3.105,-- per M/t FOB Izmir

Fennel Seed 99 % at US$ 2.975,-- per M/t FOB Izmir

Fennel Seed 97 % at US$ 2.710,-- per M/t FOB Izmir

Fennel Seed 99% Steam Sterilized at US$ 3.285,-- per M/t FOB Izmir

Oregano

Villagers trying to raise price in spite of slow demand. We advise buyers to wait and follow the market .

We shall come with an more full detailed report on Turkish oregano the 30^th of August next week.

Prices vary based on blend and oil content - Kindly ask us for specific offers.

Sage Rubbed & Cleaned

New crop coming in, trading normally.

Sage Rubbed & Cleaned pure Botanical Salvia Officinalis at US$ 5.470,-- per M/t FOB Izmir ( Salvia Triloba and blended grades also available ).

Laurel Leaves

New crop looks likely to be very difficult as Turkish Ministry will probably not allow cutting in some major production areas, and has delayed cutting in others.

Laurel Leaves FAQ – US$ 2.435,--

Laurel Leaves Semi Selected Pressed Bales – US$ 2.710,--

Laurel Leaves Semi Selected in Carton – US$ 3.460,--

Laurel Leaves Semi Selected Extra in Carton – US$ 4.290,--

Laurel Leaves Hand Semi Selected in Carton – US$ 5.240,--

Laurel Leaves Hand Picked Selected in Carton – US$ 7.090,--

Laurel Leaves Hand Picked 4-7cm in Carton – US$ 10.590,--

Laurel Leaves Hand Picked 5-10cm in Carton – US$ 9.290,--

Laurel Leaves Cut & Sifted 2-5mm – US$ 2.870,--

Laurel Leaves Cut & Sifted 0.5 – 2mm – US$ 2.680,--

Laurel Leaves Ground – US$ 1.340,--

Sumach

Quiet with little activity..

Sumac Pure at US$ 3.475,-- per M/t FOB Izmir

Linden Flowers and Leaves

Quiet with little activity.

Linden Flowers and Leaves US$8.320-- per M/t FOB Izmir

Capers

We are able to offer product preserved in brine in drums or in finished retail jars on vinegar. Please contact us for firm quotes and details. Prices depending large on quantity required and shipment periode. New crop full available now. The right time for purchasing at the moment as it looks like market has reached higher levels and will not come down.

Sun Dried Tomatoes

New crop fresh tomatoes started very difficult with low yield, low quality and due to diseases in the fresh tomatoes many producers faced strong difficulties. Most exporters are only producing and offering for their best clients. Probably a little spot-business with be done this season as sun dried tomatoes from Turkey will be very scarce. See article about Tomato Crop in Turkey at http://www.hurriyetdailynews.com/n.php?n=tuta-absaluta-ends-our-8220field-tomato8221-dreams-2010-08-08

Pepperonchini & Jalopeno Peppers

Be informed that we are also able to offer these items packed in drums in brine or vinegar or as a finished product in retail jars. We are in the middle of the new crop peppers.

Oregano – Turkey

Friday, July 30, 2010

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New crop oregano harvesting is in full swing. Weather condtions are favourable. For the moment the market is stable with minor movements in prices. Normally I would agree that prices should come down, as it is the beginning of the season and the demand is slow.

However, for the past two years there has been increasing local speculation in all agricultural articles and particularly oregano. Last year some big speculators bought large quantities when the price came down to 1,20 / 1,50 Turkish Lyra per Kg. raw material and they sold it all at much higher levels later on ( 2,40 / 2,50 Turkish Lyra ) so they are probably very eager to do this again.

In fact they already started to buy at 2,20 Turkish Lyral but realized it was too early and stopped. However, our supplier is called regularly by local traders / speculators to try and pump for information of the demand from abroad. They definitely want to buy at least 1.200 / 1.500 tons of oregano.

This means that oregano price will not depend solely ( as usual ) on supply and demand, but also on this problem.

It is very difficult for us to predict what crazy people will do, so we really, really cannot give any firm advice in this strange situation. We just cannot guess what will happen.

Our advise to buyers is to buy a little at a time as the moment these local traders / speculators step in price will jump up suddenly and then they will continue pumping it up. Of course we could be wrong. Seems difficult, though, particularly since crop is a little less than last year and carry-over is very small, which everybody knows.

Please contact us should you have any interest in firm CFR quotations or additional information.

Spices & Herbs – Turkey

Monday, July 19, 2010

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Cumin Seed

Big excitement seems over, market weakish with more offers today.

Cumin Seeds 99% US$ S$ 2.810,-- per M/t FOB Izmir

Cumin 99,5% US$ 2.865,-- per M/t FOB Izmir

Cumin 99% Steam Sterilized US$ 3.140,-- per M/t FOB Izmir

Cumin 99,5% Steam Sterilized US$ 3.200,-- per M/t FOB Izmir

Anis Seed

Arrivals starting very slowly, should increase in coming days but suppliers reluctant to sell before covering as no one knows what the Turkish Raki-drink manufacturers will do.

Anise Seed 99% - US$ 4.355,-- per M/t FOB Izmir

Anise Seed 99,5% - US$ 4.490,-- per M/t FOB Izmir

Blue Poppy Seed

Quiet, only excellent quality being sold to Russia, other buyers not interested for now.

Blue Poppy Seed 99.9% - US$ 1.705,-- per M/t FOB Izmir

White Poppy Seed

Continues to be firm in spite of large crop expectations.

White poppyseed 99,9% US$ 2.910,-- per M/t FOB Izmir

Sesameseed

More local interest.

Yellow Golden Sesame Seed 99.8 % US$ 2.205,-- per M/t FOB Izmir

Fennelseed

New crop will not be available before end of August.

Fennel Seed 99.5% at US$ 2.415,-- per M/t FOB Izmir

Fennel Seed 99 % at US$ 2.315,-- per M/t FOB Izmir

Fennel Seed 97 % at US$ 2.105,-- per M/t FOB Izmir

Fennel Seed 99% Steam Sterilized at US$ 2.615,-- per M/t FOB Izmir

Oregano

One exporter is trying to maintain price high in producing regions but so far buyers are resisting. We advise buyers to wait and follow the market as we think prices have to come down slightly more ( up to 10% ) after August. New crop oregano is very good and plenty material should be available. Currently also much of local speculation. The bulk of the crop will enter the market during these weeks and that should give weaker price levels. The €uro again firmer against the Turkish Lyra today so that also should give an advantage for €uro-zone buyers.

Prices vary based on blend and oil content - Kindly ask for specific offers.

Sage Rubbed & Cleaned

Scarce but quiet.

Sage Rubbed & Cleaned pure Botanical Salvia Officinalis at US$ 6.230,-- per M/t FOB Izmir ( Salvia Triloba and blended grades with Cistus also available ).

Laurel Leaves

New crop looks likely to be very difficult as Turkish Ministry will probably not allow cutting in some major production areas. We`ll have to see and wait. A little bit to early for the moment.

Laurel Leaves FAQ – US$ 2.190,--

Laurel Leaves Semi Selected Pressed Bales – US$ 2.515,--

Laurel Leaves Semi Selected in Carton – US$ 3.595,--

Laurel Leaves Semi Selected Extra in Carton – US$ 4.240,--

Laurel Leaves Hand Semi Selected in Carton – US$ 5.175,--

Laurel Leaves Hand Picked Selected in Carton – US$ 6.995,--

Laurel Leaves Hand Picked 4-7cm in Carton – US$ 10.460,--

Laurel Leaves Hand Picked 5-10cm in Carton – US$ 9.150,--

Laurel Leaves Cut & Sifted 2-5mm – US$ 2.810,--

Laurel Leaves Cut & Sifted 0.5 – 2mm – US$ 2.615,--

Laurel Leaves Ground – US$ 1.305,--

Sumach

Quiet with little activity..

Sumac Pure at US$ 3.305,-- per M/t FOB Izmir

Sumac Blend Grade at US$ 2.250,-- per M/t FOB Izmir

Linden Flowers and Leaves

Quiet with little activity.

Linden Flowers and Leaves US$ 7.515-- per M/t FOB Izmir

Capers

We are able to offer product preserved in brine in drums or in finished retail jars on vinegar. Please contact us for firm quotes and details. Prices depending large on quantity required and shipment periode. New crop full available now in July & August. The right time for purchasing at the moment as it looks like market has reached lowest levels since years.

Sun Dried Tomatoes

New crop fresh tomatoes started very difficult with low yield, low quality and due to diseases in the fresh tomatoes many producers could not start drying untill this week. This means they are missing around 3 weeks of drying periode. Market will for sure be on firm levels and exporters will more and more try to only produce what they have contracted. We feel that not very much extra quantity sun dried tomatoes will be produced for spot-selling. Prices came out very late this season. We expect to have our first new crop quotations by this week / next week. Please contact us for more additional information.

Pepperonchini & Jalopeno Peppers

Please be informed that we are also able to offer these items packed in drums in brine or vinegar or as a finished product in retail jars. We are at the start of the new crop.

Dutch Silverskin Onions

New crop available for shipments in drums on vinegar by Mid September. Please contact us for more information or firm quotations.

As most of the new 2010 crops coming out these days we advise buyers to purchase what is needed on the short run. For sure after August the market for above items will stablelize and you will be able to make your purchase-decisions more accurate.

Please feel free to contact us should you require any additional information about the above products. Upon request we can also offer you firm CFR Prices accordingly.