Brazil’s crop is very short, with trade estimates claiming it is as low as 1,500 tonnes. This would be less than 25% of the size of last year’s crop. It is even difficult to get offers out of Brazil. Offers are getting a bit more reasonable but still well above USD10,000 (per tonne) for what […]
Global cloves prices have shown some modest declines of late but this is expected to be a short term blip on an anticipated pick up in demand and limited availability. Brazilian cloves are traded with a minimum discount of USD1,000/tonne up to USD2,500-3,000/tonne depending on the period of the year…READ MORE
Brazil is very close to being sold out of material from its 2014 crop, which was harvested from December 2013- February (2014). Brazilian market had also been very quiet of late. Most of the 2014 crop volume had now been exported and remaining quantities in Brazil were of poor quality…READ MORE
Brazilian cloves, which were “quite appreciated” this year due to competitive pricing, were also almost not available at origin, particularly for so-called decent qualities suitable for the usual markets…READ MORE
International cloves buyers have been turning to Brazil to cover their requirements but new crop supplies from the South American country have dwindled as a result of this and the global market is therefore reverting to a tight supply scenario. No reliable figures are available for Brazilian output but traders believe this year’s crop was […]