As 2013 draws to a close international cloves prices remain as firm as ever with no apparent end in sight. Despite subdued demand of late cloves prices have held defiantly strong. Brazilian cloves to some global markets at prices up to USD11,000/tonne. Brazil looks set for a good crop…READ MORE
International cloves dealers are convinced the market is heading for a supply deficit soon due to downturns in production in major origins this year and dwindling stocks in consuming countries. Brazil was likely to bring better and earlier volumes this year than in 2012…READ MORE
One major Brazilian exporter had said demand had lessened of late but his company had recorded good business over the year so far. A very good Brazilian crop was anticipated in November/December, assuming no heavy rains at the time of harvesting…READ MORE
Brazil was almost sold out, but it was still possible to find one or two full container loads. The current price of Brazilian cloves of around $10,750 a tonne cif. Brazilian cloves are traded at a discount of more than…READ MORE
CLOVES dealers are expecting renewed upward pressure on prices over the coming weeks as already tight stocks are further reduced. A short crop and quite high speculation in Brazil was keeping offers from this origin at similar strong levels to those from…READ MORE