EUROPEAN cloves importers believe recent price declines are only a temporary blip and that the ongoing tight supplies ahead of the arrival of forthcoming new crops will ensure that values are set to spiral upwards again soon. Indonesian cloves were said to be at $6,250 a tonne…READ MORE
INDONESIA’S cloves production season looks set to be very shortlived this year because the crop is some 60% to 70% lower than that of 2007. Continued wet weather in Indonesia has meant that farmers have released their cloves at low prices and it is predicted that further price falls will follow….READ MORE
GLOBAL cloves prices have continued to hold firm over recent weeks despite lacklustre buying interest in general. Indonesian offers in the region of $6,500 a tonne…READ MORE
INDONESIAN cloves traders and exporters have become very ambitious with their price quotes of late, citing a disappointing crop in the country, and this has helped drag up prices in competing origins. Indonesian cloves quotes had escalated to extremely high levels in the range of $7,200 a tonne to $7,600 a tonne…READ MORE
GLOBAL cloves demand has continued to be limited of late and recent indications of some upward movement in prices are largely due to currency fluctuations. Indonesian cloves offers as firming to $5,350 a tonne…READ MORE
INTERNATIONAL cloves prices have seen sharp declines over recent weeks due to the complete disappearance of demand. A lot of shipments are being received anywhere in the world and right now as long as the major buyer Indonesia has been stopping purchasing the market suddenly becomes very quiet…READ MORE