Cloves trading grinds to a halt
INTERNATIONAL cloves prices have seen sharp declines over recent weeks due to the complete disappearance of demand. Recent offers had put Brazilian cloves at $4,000 a tonne fob…READ MORE
Clove prices appear likely to increase
GLOBAL cloves prices look prone to increase over the coming weeks as buyers take cover against a market of limited availability. Brazil will play an important role again in the US market and in the Far East, although its crop is not forecast to be enough for the whole world…READ MORE
Weak demand hits clove prices
WEAK demand has seen prices of cloves drop to their lowest point this year despite some doubt over the size of the approaching main crop. Brazil’s clove harvest, which starts this month, is expected to be a normal 4,000 to 5,000 tonne…READ MORE
Clove prices become too high for buyers
AFTER considerable price fluctuations throughout the 2004/05 season the world clove market appears to be stabilising at around $3,200 to $3,300 a tonne despite a lack of demand. Brazil exports the majority of its clove output to North and Central America…READ MORE
Small clove harvests indicate bullish market tone
CLOVE exporters are anticipating a bullish market until June 2005 or later due to smaller-than-expected harvests in several key origins. Brazil, which is a relatively new player in the market and usually harvests a crop of between 4,000 and 5,000 tonnes…READ MORE
Short supplies set to keep clove market bullish
However, the trader noted that despite the sluggish pace of buying in recent weeks, it remained very difficult to secure price discounts from Brazil. This contrasts with December 2003, when Brazilian exporters…READ MORE
Going up in smoke can be helpful
In Brazil, the market collapsed last year but then the crop wasn’t anything like as big as they thought it was going to be. Suddenly, $1,250 a tonne became $1,750 a tonne, which became $2,200 and then the $1,250 contracts just didn’t come…READ MORE