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
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
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