Pressure builds for next surge in cloves prices

March 21, 2013 By:

CLOVES dealers are expecting renewed upward pressure on prices over the coming weeks as already tight stocks are further reduced. Indonesia had a decent 2012 crop which was likely to have been more than 100,000 tonnes. With the new crop imminent Indonesian prices had eased moderately, but it was widely known that the forthcoming crop […]

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Cloves market seen heading for renewed upward pressure

March 12, 2013 By:

INTERNATIONAL cloves dealers are expecting further upward pressure on prices over the coming weeks due to limited stocks in importing countries and anticipated improved demand as global buyers will have to move in to take coverage. Indonesian prices had not declined much over the last year and were still quite high even though the country […]

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