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Date: 06/28/2010
Pepper Market June 28th

In Brasil, prices rise on any small sale, and Real is always strong currency. In one week prices moved up at about 7%.
Vietnam prices continue to firm. Apparently the remaining stock is very limited and in strong hands. It has been difficult to conclude any negotiation with Vietnam lately.
India still more an importer than exporter.
Sri Lanka possibly the cheapest origin today but almost all of their sales directed to India.
Indonesia crop started but full swing is between July and August. Indonesia sells very quietly and is difficult to know how much of his crop was already booked for future shipments.
According to an american report USA buyers are still reluctant to buy.

Prices Monday June 28, 2010

VIETNAM 
550 G/L FAQ    JULY       USD $3675 FOB HCMC
500 G/L FAQ    JULY       USD $3500 FOB HCMC

BRAZIL

B1 560 G/L   JULY      USD $3650/FOB BELEM
B2 500 G/L   JULY      USD $3450/FOB BELEM

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PETROLIMEX INTERNATIONAL TRADING JOINT STOCK COMPANY
Address: 54-56 Bui Huu Nghia Street, Ward 5, Dist 5, Ho Chi Minh City, VietNam
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