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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