Today Reduced PEPPER OFFERS Vietnam

Ho Chi Minh City, January 21^st 2013

PRICE UPDATE

BLACK & WHITE PEPPER

Dear Sirs,

Dear Madams,

Pepper: Raw material from new crop has started its way towards the factories. After the sudden increase of early last week, suppliers in Vietnam have today reduced the price 20/80 Usd Mt as buyers kept being not very active. Some contracts were booked for shipments before TET Holidays but not enough to sustain the levels of the past week. The impact of Indian pepper on worldwide market still is not clear and we’ll be living day-by-day at least until the return from the Holidays.

Pls find our current price indications for your reference (in USD /Mt)

Offers below are EXCLUSIEF our today reduced price of 20/80 Usd/MT

FOB Hcm CFR EMP CFR Med EU CFR Baltic CFR Black Sea CFR Dubai

BLACK PEPPER

BP 500 g/l FAQ 6325 6445 6425 6455 6435 6375

BP 550 g/l FAQ 6730 6850 6830 6860 6840 6780

BP 500 g/l clean 6670 6790 6760 6800 6780 6720

BP 550 g/l ASTA 7090 7210 7190 7220 7200 7140

Black Skins/Dust 620 870 850 900 860 740

Pinheads 1/1.5 mm 1130 1410 1390 1430 1400 1220

Pinheads 1.5/2 mm 2160 2335 2315 2360 2340 22250

Pinheads 1.5/2.5 mm 2680 2840 2820 2870 2850 2750

Light Berries 200 g/l FAQ 4390 4605 4570 4620 4590 4500

Light Berries 250 g/l FAQ 4900 5190 5160 5110 5080 5000

Light Berries 300 g/l FAQ 5405 5565 5535 5585 5555 5485

WHITE PEPPER

WP 620 g/l DW 9330 9440 9430 9450 9430 9380

White Skins 670 920 900 950 910 790

*EMP: Hamburg, Rotterdam, Antwerp, Felixstowe, Le Havre; Med EU: Genoa, Fos, Valencia, Barcelona, Koper;

Baltic: Riga, Klaipeda; Black Sea: Odessa, Constanta, Varna, Burgas; Dubai: Jebel Ali.

Above Prices are subject to variations.

Brazil Trade Business group

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