THE global cloves market remains under extreme upward pressure, with some traders opting to take a back seat rather than get stung in what is a very volatile situation. This might have included stocks previously bought from Brazil…READ MORE
There are concerns that Brazil’s forthcoming crop will be very short this year, possibly amounting to no more than 2,500 tonnes at most. US buyers are expected to move in quickly to secure new crop material from Brazil, which could prove to be a good opportunity for acquiring cloves quickly and at competitive prices…READ MORE
Brazil is expecting a bumper processing orange harvest but that doesn’t necessarily mean that prices are going to drop back down. They will go down but it’ll happen slowly. Brazilians have got a lot of contracts to fulfil so they’re going to try to book those contracts early…READ MORE
The US has been buying a few containers from us and also a few containers from the competition but they have not been buying sufficient quantities to cover all the needs they have for one year. They have been buying from Brazil…READ MORE