Friday, July 22, 2011

Indonesian market report 18 july to 23 july 2011

Gambier booch prices had moved up to 18500 level this week.

Most of the exporters where not ready to buy the cargo by the beginning of the week. The Indian/Indonesian markets  was unstable due to the verdict from supreme court of India on 20th July , but after 20th July most of the exporters become aggressive in purchases. most of the collectors/exporters where trying to collect more volumes by the end of the week

By the end of the week some of the Kanpur buyers where at Medan.

Next week, the prices will peak up as all the exporters are aggressive for procurement. Local prices at Padang are expected to be above 19500 level next week .

Low catechin gambier is at 16500/kg this week .