The trader estimated Indonesia’s clove harvest, which began in May, would bring in between 75,000 and 80,000 tonnes, although he noted that other experts had predicted an output as low as 60,000 tonnes. In 2001, Indonesia produced a significantly higher crop of approximately 100,000 tonnes…READ MORE
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 in Indonesia. Crop reports from Indonesia vary from 50,000 to 65,000 tonnes, compared with 70,000 to 80,000 tonnes in a normal year. Although cloves are available all year round in […]
INDONESIA’S 2005 clove harvest has been estimated at between 40,000 and 50,000 tonnes according to a recent report. In 2002, Indonesian farmers asked the government to ban all clove imports, which they blamed for the sharp decline in local prices…READ MORE
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. Indonesian crop proves to be better than last year’s, it is not expected to be huge and domestic stocks are not reported to be as high as […]