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Date: 05/25/2010
Pepper Weekly Highlights 24/5/2010

Pursuant to local news mirrored by this page, the impression is that the market is on a continuous upward trend.
However, a simple glance at price graphics unveils reality: despite a confirmed bullish sentiment, prices in general have been stable throughout the week with minor oscillations either way. 
Today, an American report stated that "Pepper markets continue firm with narrow movements within a tight range. The overall undertone remains firm/bullish. Indian exchanges seem to rebound quickly after any decrease in price"  
In a comparison of today´s prices to those published at the beginning of the week, there was no apparent change. Nonetheless, midweek they were lower and are retaking an upward trend.
Prices Monday May 24th, 2001

VIETNAM:
ASTA                           JUNE USD $3700 CF NY/BALT
550 G/L                        JUNE USD $3350 FOB HCMC
500 G/L                        JUNE       USD $3150 FOB HCMC


BRAZIL
B1 550 G/L                   JUNE      USD $3350/FOB BELEM
B2 500 G/L                   JUNE      USD $3175/FOB BELEM

(PepperTrade.com.br)

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