One of the major areas of uncertainty, as usual, is over the extent of Indonesia’s own crop and potential need to import. This is what is making it so difficult to make a clear forecast on where this market will be stand. Indonesia had indicated they were anticipating a good crop next April/May. If realized, […]
The biggest question mark is what Indonesia is up to. Also we have not seen any significant demand for quite a while…READ MORE
This year’s Indonesian crop was harvested in July and although data on the crop size is as elusive as ever, traders suspect that this origin also had poor output this year. Indonesian cloves had been $3,850 to $4,000 a tonne c&f Singapore…READ MORE
Trade estimates for Indonesia’s next crop range widely from 25,000 tonnes at the lowest end of the scale up to 45,000 tonnes at the most optimistic. The first trader added that as yet the Indonesian crop forecasts had not affected the market but noted that this situation could change over the coming weeks, particularly if […]
The forthcoming Indonesian crop is expected to amount to only 45,000 to 55,000 tonnes, which although up from last year’s estimated paltry volume of 30,000 to 35,000 tonnes, would not be a bumper amount and not enough to meet Indonesia’s consumption requirements…READ MORE
Another trader commented that the small amount of good-quality Indonesian crop available is being sold for as much as $5,100 to $5,200 a tonne fob, up from $4,550 a tonne fob two weeks ago…READ MORE