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B R A Z I L KERNELS -
WITH FOREIGN EXCHANGE UP & DOWN PRICES SEEM TO VARY DRAMATICALLY
$ - £ 1.73-1.74 SPOT
July to Feb 07 please forward your enquiries.
WE HAVE SEEN A BIG FALL RECENTLY, SOMETIMES PRICES FALL TOO LOW TOO QUICK & THERE IS A REACTION
ALSO BEAR IN MIND THE SEED IS BEING NEGOTIATED, THE PODS ARE BEING HARVESTED,
WE ARE ALREADY SEEING A REACTION & MOST LIKELY THEY WILL NOT ENTER THE JUNGLE FOR ANY FURTHER COLLECTIONS IN BOTH BRAZIL & BOLIVIA IF THE PRICES IN THE INTERIOR ARE TOO LOW THEY MAY NOT HARVEST TOO MUCH, WHO KNOWS.
ORIGIN PRICES WERE OF COURSE DRIVEN BY SUPPLY & DEMAND,
FOR SURE 2005 CROP AGAIN I BELIEVE FINALLY WAS FAR FAR BIGGER THAT ORIGIN LET ON,
SO ALL THE FACTORS MAYBE HAS NOW FORCED PRICES DOWN,
I SEE RECENTLY AT ORIGIN THE COLLECTORS ARE NOT RE-ENTERING THE JUNGLE AGAIN & MANY AREAS THE BARICAS ARE EMPTY OF BRAZILS, OF COURSE THE PRICE DRIVES HOW MUCH TIME IS SPENT ON COLLECTIONS & INDEED HOW DEEP IN THE FOREST THEY ENTER
MAYBE AFTER THE OVER SUPPLY THIS WILL EMPTY THE MARKET QUICKLY.
ORIGIN AT THIS TIME OF YEAR EXPECTS POOR ROAD CONDITIONS & ARRIVALS ARE ALWAYS DELAYED
THESE THINGS ARE OFTEN A WAY OF KEEPING SUPPLIES TIGHT, BUT IN FAIRNESS THE SITUATION IS VERY TIGHT & WILL BE FOR A FEW MONTHS SO CURRENT CROP SPOT GOODS WILL HAVE TO FILL THE GAP IN EUROPE
TONY FARNDELL
