Thursday, March 31, 2011

Pepper prices rise due to supply shorfalls | Local

Pepper prices rise due to supply shorfalls | Local: "Brazil has been out of market for some weeks. Pepper was offered reluctantly at prices above the market and for delayed shipments such as May. Actually with very limited stocks and being almost the only source alternative to Vietnam ( slightly cheaper than India), growers and exporters were willing to obtain the maximum profit possible, considering the failure of the next June Espirito Santo crop. Brazilian prices stood at 5,000 level for around 10 days.

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