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 is not that much. As long as they will be buying cloves from their own domestic market the price will not decline and this may help the African market to remain rather hot...READ MORE
