Word: lampong
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...Wahyu Nanikpurwandari wrong, she is grateful for what she has. The 26-year-old from Lampong, Indonesia, feels fortunate to live in Hong Kong where she works as a domestic helper. She feels lucky to be able to send money home to support her sister and brother. Maybe sleeping in her employer's living room isn't so nice, but there isn't space for her anywhere else. And yes, working 16 hours a day, six days a week can be exhausting, but that's her job. She earns less than $1 an hour, and that's okay...
...fluctuations which characterize Mincing Lane pepper trading, margins are closely regulated on the New York Pepper Futures Market, daily fluctuations are limited to 1? per lb. per day and pepper stocks must be kept in licensed warehouses subject to inspection. The trading unit is 33,600 lb. of Lampong (Netherlands East Indies) black pepper, with Aleppy and Tellicherry (British India) as optional deliveries. Pepper prices are currently very low (6? per lb.) because last year's crop was the largest in history (87,000 tons were shipped) and there is now a glut of pepper on the market...
...seed, is picked from a 40-foot vine, growing up the trunk of a tree, or around a low hut. There are two seasons, two sources. From Telok Belong in Dutch East India are harvested each July between 10.000 and 24,000 tons of pepper seeds known as Lampong. Alleppy and Tellicherry pepper comes from India and is harvested in December. Before they are used for seasoning, the seeds are ground, packed in tin boxes, and given a label. But whether Lampong, Alleppy or Tellicherry vines bore it, whether bought in an exclusive delicatessen shop or in the Great Atlantic...
...crop of Lampong was far below normal. This year's crop, not yet delivered, is only about 15,000 tons. Spice traders (pepper is the most important of their 108 spices), trading in spot pepper and futures, are short when the time of delivery arrives. They must get pepper at any price to fulfill contracts. They must draw from the surplus Alleppy and Tellicherry in India and in England, and pay dearly. Prices rise. From a normal price of 12?-a pound, pepper quotations have risen to 43?. Brokers prophesied last week that a high of 40? would...
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