This year’s Indonesian crop was harvested in July and although data on the crop size is as elusive as ever, traders suspect that this origin also had poor output this year. Indonesian cloves had been $3,850 to $4,000 a tonne c&f Singapore…READ MORE
Trade estimates for Indonesia’s next crop range widely from 25,000 tonnes at the lowest end of the scale up to 45,000 tonnes at the most optimistic. The first trader added that as yet the Indonesian crop forecasts had not affected the market but noted that this situation could change over the coming weeks, particularly if […]
The forthcoming Indonesian crop is expected to amount to only 45,000 to 55,000 tonnes, which although up from last year’s estimated paltry volume of 30,000 to 35,000 tonnes, would not be a bumper amount and not enough to meet Indonesia’s consumption requirements…READ MORE
Another trader commented that the small amount of good-quality Indonesian crop available is being sold for as much as $5,100 to $5,200 a tonne fob, up from $4,550 a tonne fob two weeks ago…READ MORE
EUROPEAN cloves importers believe recent price declines are only a temporary blip and that the ongoing tight supplies ahead of the arrival of forthcoming new crops will ensure that values are set to spiral upwards again soon. Indonesian cloves were said to be at $6,250 a tonne…READ MORE
INDONESIA’S cloves production season looks set to be very shortlived this year because the crop is some 60% to 70% lower than that of 2007. Continued wet weather in Indonesia has meant that farmers have released their cloves at low prices and it is predicted that further price falls will follow….READ MORE
GLOBAL cloves prices have continued to hold firm over recent weeks despite lacklustre buying interest in general. Indonesian offers in the region of $6,500 a tonne…READ MORE
INDONESIAN cloves traders and exporters have become very ambitious with their price quotes of late, citing a disappointing crop in the country, and this has helped drag up prices in competing origins. Indonesian cloves quotes had escalated to extremely high levels in the range of $7,200 a tonne to $7,600 a tonne…READ MORE
GLOBAL cloves demand has continued to be limited of late and recent indications of some upward movement in prices are largely due to currency fluctuations. Indonesian cloves offers as firming to $5,350 a tonne…READ MORE
INTERNATIONAL cloves prices have seen sharp declines over recent weeks due to the complete disappearance of demand. A lot of shipments are being received anywhere in the world and right now as long as the major buyer Indonesia has been stopping purchasing the market suddenly becomes very quiet…READ MORE