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
INTERNATIONAL cloves prices have slid lower in recent weeks as demand dwindles due to the holiday season and reluctance to cover at the excessively high levels previously in place. Brazil as also being over ambitious with their current pricing, offering at much higher levels than buyers were willing to pay…READ MORE
BRAZIL saw a major recovery in its cloves exports last year from the volumes sold in 2010, led by a major upturn in demand from key transshipment destination Singapore. Brazil’s shipments to world markets rose 47.8% last year to 4,274 tonnes…READ MORE
INTERNATIONAL cloves prices have eased in recent weeks but the dip is seen as only a temporary correction as overall availability looks tight and middlemen and exporters. Brazil’s 2011 crop was estimated at less than 2,000 tonnes…READ MORE
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
Brazilian cloves offers had increased to around $5,000 a tonne fob from $4,500 a tonne at the start of the crop. The quality of Brazilian cloves is always the same so that means dirty cloves with a level of moisture, but the price difference between…READ MORE