The international cloves market has shown signs of becoming active again as buyers look to cover in a market where overall availability is dwindling. Brazil’s 2015 crop at around 3,500 tonnes compared with a failed crop in 2014 and about 7,000 tonnes in 2013…READ MORE
The international cloves market has hit a quiet period after prices showed decreases in recent weeks. Brazil’s crop was a disaster last year. This year’s crop is forecast to reach a possible 2,000-2,500 tonnes, which will be available by the end of the year…READ MORE
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 […]
As 2013 draws to a close international cloves prices remain as firm as ever with no apparent end in sight. Despite subdued demand of late cloves prices have held defiantly strong. Brazilian cloves to some global markets at prices up to USD11,000/tonne. Brazil looks set for a good crop…READ MORE
International cloves dealers are convinced the market is heading for a supply deficit soon due to downturns in production in major origins this year and dwindling stocks in consuming countries. Brazil was likely to bring better and earlier volumes this year than in 2012…READ MORE
One major Brazilian exporter had said demand had lessened of late but his company had recorded good business over the year so far. A very good Brazilian crop was anticipated in November/December, assuming no heavy rains at the time of harvesting…READ MORE