GLOBAL cloves prices have held strong this year despite claims from some that a crash was to be expected from June onwards. Moreover, this underlying strength looks set to prevail to the end of this year and well into 2013, if not the whole of 2013.
Indonesia has stocks to see it through to the new crop, which should help keep prevent prices spiralling out of control.
Recent price indications on Indonesian cloves were as high as $12,000 a tonne...READ MORE