INTERNATIONAL cloves dealers are finding buying resistance to the highest level offers as global importers look to secure the best deals possible. At the present time our buyers in Singapore are reluctant to take position because their customers in Indonesia are looking for the new import license…READ MORE
INTERNATIONAL cloves prices remain very high due to strong demand which is exacerbating the squeeze on stocks ahead of a hoped-for decent flow of new crop arrivals from various origins. Indonesia’s next crop is expected in early 2012 and is projected to be good after excess rains lowered output this year. Initial trade estimates have […]
THE global cloves market remains under extreme upward pressure, with some traders opting to take a back seat rather than get stung in what is a very volatile situation. There has been no let up in the market since the start of July when prices struck the highest levels in recent memory…READ MORE
INTERNATIONAL cloves prices are facing extreme upward pressure due to global shortages of the spice and strong demand, particularly from the Far East. The crop this year in Indonesia is negligible. As a result, it is anticipated that there will be very strong Indonesian demand over the coming weeks, lending further support to already high […]
INTERNATIONAL cloves prices are facing extreme upward pressure due to global shortages of the spice and strong demand, particularly from the Far East. It is anticipated that there will be very strong Indonesian demand over the coming weeks, lending further support to already high prices…READ MORE
INTERNATIONAL cloves prices have been subjected to strong upward pressure of late due to shortages of material ahead of an expected smaller crop from Indonesia. One Indonesian trader reported that local offers had been made at historical highs of Rp120,000 per kg, which would equate to around $15,000 a tonne. The trader noted that earlier […]
Recent estimates on last year’s crop have ranged from 60,000 to 80,000 tonnes given for the 2010 crop. Previous forecasts had pegged Indonesia’s 2010 crop as high as 100,000 tonnes, but the strength of Indonesian prices of late lends support to the view that the actual outcome was lower than this…READ MORE
Some sources have claimed last year’s Indonesian crop was as much as 100,000 tonnes, but recent offers cast major doubts over these estimates. Good quality Indonesian cloves have been quoted around $7,300 a tonne c&f and even lower quality produce has been commanding prices of $6,645 a tonne, indicating that other crop estimates of 65,000 […]