Indonesian sources have forecast that the country’s next crop in May 2011 will be substantially lower than normal, possibly reaching 50,000 to 70,000 tonnes instead of the usual 80,000 to 90,000 tonnes. If realized, Indonesian cloves prices could escalate to $9,000 a tonne in May or June next year…READ MORE
CLOVE oil prices have shot up as the eruption of Mount Merapi in Indonesia has interrupted supplies during an already tight time. Mount Merapi started erupting on October 26, with a series of eruptions following. On Wednesday, the 2,968-metre high volcano in Central Java re-erupted, spewing hot ash 1,500 meters into the air and spreading […]
The decrease in price may be helped soon by the end of the large Far East demand when Indonesian distillation will start. and whether it will be in November 2010 or in January 2011, or even in March, but assume is that the market must decline to ensure good flow of oil in the future…READ […]
GLOBAL supplies of cloves look set for a substantial increase this year as initial crop forecasts are favorable, and buying interest for new crop produce is expected to be strong as importers need to build up inventories. Producing countries will be bringing their new crop cloves to the market from June or July onwards, starting […]
Indonesia is expected to remain absent as a buyer as its next crop in May/June is forecast to be a decent one of around 80,000 tonnes. In the meantime, the prices in Indonesia will remain high – most probably above $5,000 (a tonne) because the Indonesian cigarette manufacturers need to buy as the carryover there […]