The October 2011 issue of the Citrus Oils and Herb & Spice market report prepared by Commercial Team is now available to download.
In summary:
Black Pepper is dominating our industry's agenda. The realisation that there will be ongoing supply shortages from all origins for some time to come has taken the market price to stratospheric levels. Are we reverting to Middle Ages times when this commodity, known as "Black Gold", was used as a form of currency. Read on for more about this most important of all spices. For other commodites, some markets have stabilised since our last report, but it is too early to judge how long this status may remain. Burgeoning economies in Asia (China and India) and South America are now dictating the market agenda, and we are seeing a decline in the power of USA and European buyers.
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