It’s now becoming obvious that the Indonesian crop will be short by almost 35%, which seems to draw attention of Indonesian buyers which prefer to buy before the market may become much higher. Based on the estimates for Indonesia’s 2015 crop, the projected 30-35% decline would imply a total 2016 output from this origin of […]
El Nino has impacted the cloves trees in Indonesia. The clove leave oil campaign was excellent this year, because lots of leaves have fallen due to the dryness. Everybody knows that when trees lose their leaves, they become weak, so the quantity of flowers will be smaller for the coming years, which means less clove […]
Today, the situation remains more or less stable in Indonesia. Prices are floating in a range of USD7,500-8,000 (per tonne) depending on demand, quality and supplier. Pricing down trend is almost finished, with the market tending to stabilize around USD7,500/tonne, although prices could increase slightly by the end of the year if Indonesia comes back […]
The international cloves market has hit a quiet period after prices showed decreases in recent weeks. Indonesia’s crop will start next month and, based on an average of estimates, this is seen reaching 90,000 tonnes it is impossible to know what is happening with cloves in Indonesia and there are…READ MORE
The despite this it is debatable where the cloves are going to come from in order to meet global consumption requirements for the next six months, particularly since there is a lot of cover still to be done. Indonesia remains absent as a buyer…READ MORE
Indonesia’s 2014 crop was estimated at 70,000 tonnes. whatever the outcome on Indonesian demand ahead, this volume would not be sufficient. Indonesian crop the local prices were around IDR150,000 (USD12.52) per tonne. Currently they are around IDR130,000/tonne…READ MORE
Harvesting of Indonesia’s latest crop is under way and trade estimates on this have varied from a low end figure of 50,000 tonnes up to 80,000 tonnes at the most positive end of the scale. The demand was weak and stressed that the estimates for Indonesia indicated that the crop would be of an average […]
International cloves dealers have highlighted bullish factors that look set to underpin the market in the coming months, which implies a near zero possibility of any significant downward movement in prices. In the meantime purchasing industry in 2013 and early 2014, suggested that inventory levels in consuming countries must be low. Moreover, it was very […]
As 2013 draws to a close international cloves prices remain as firm as ever with no apparent end in sight. Despite subdued demand of late cloves prices have held defiantly strong. Indonesia’s kretek cigarette manufacturers have also remained absent as buyers because the cloves that they would normally purchase from..READ MORE
International cloves dealers are convinced the market is heading for a supply deficit soon due to downturns in production in major origins this year and dwindling stocks in consuming countries. The total global output this year – excluding that of Indonesia – would amount to only 23,000 tonnes…READ MORE