GLOBAL cloves prices have risen further over recent weeks as reduced availability cancels out any potential price dampening effects of sluggish demand. Indonesia’s new crop starts in August, but it is widely known that the quantity will be small, so prices are expected to be subject to a lot of upward pressure. The Bangalore trader […]
GLOBAL cloves prices look prone to increase over the coming weeks as buyers take cover against a market of limited availability. Indonesia’s 2006 crop, which will be harvested from June to August, is projected to fall to around 30,000 tonnes from the 2005 crop estimate of between 50,000 and 60,000 tonnes…READ MORE
GLOBAL cloves prices have faced extreme upward pressure over the early stages of 2006 due to a combination of supply uncertainties and intense speculation. Prices have risen to the region of $4,200 a tonne camp;f from average levels of around $2,900 a tonne in early January. Currently, Indonesia is virtually out of 2005 crop stocks […]
The trader estimated Indonesia’s clove harvest, which began in May, would bring in between 75,000 and 80,000 tonnes, although he noted that other experts had predicted an output as low as 60,000 tonnes. In 2001, Indonesia produced a significantly higher crop of approximately 100,000 tonnes…READ MORE
WEAK demand has seen prices of cloves drop to their lowest point this year despite some doubt over the size of the approaching main crop in Indonesia. Crop reports from Indonesia vary from 50,000 to 65,000 tonnes, compared with 70,000 to 80,000 tonnes in a normal year. Although cloves are available all year round in […]
INDONESIA’S 2005 clove harvest has been estimated at between 40,000 and 50,000 tonnes according to a recent report. In 2002, Indonesian farmers asked the government to ban all clove imports, which they blamed for the sharp decline in local prices…READ MORE
AFTER considerable price fluctuations throughout the 2004/05 season the world clove market appears to be stabilising at around $3,200 to $3,300 a tonne despite a lack of demand. Indonesian crop proves to be better than last year’s, it is not expected to be huge and domestic stocks are not reported to be as high as […]
Clove importing is still banned in Indonesia and local prices have remained steady over the last six months. It is very unlikely that the price will go up to the $3,500 a tonne that speculators are wishing for. It is known that farmers are still holding stock in Indonesia…READ MORE
CLOVE exporters are anticipating a bullish market until June 2005 or later due to smaller-than-expected harvests in several key origins. Over the last few weeks, Indonesian new crop prices rose to an alltime peak of between $4,500 and $5,000…READ MORE
Historically, clove trading is a notoriously murky business and developments in Indonesia have always been the key determinant of global prices. Estimates of the reduction of Indonesia’s crop on last year’s, range from 30% to 60% but the general consensus is that there will be a domestic shortage and prices from other origins have risen […]