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