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 […]
CLOVE buyers are bracing themselves for firm prices for the rest of the year as the current market situation characterised by limited supplies and strong demand shows no signs of changing. The trader forecast the Indonesian crop at 15,000 to 20,000 tonnes but…READ MORE
CLOVE buyers are hopeful that the combination of expected production shortfalls and Indonesian demand increases over the coming months will keep the sector bullish for the rest of the year. Some trade forecasts have pegged Indonesia’s 2004 clove crop at just 3,500 tonnes down from 7,000 tonnes in 2003…READ MORE
CLOVE traders are expecting prices to remain firm over the coming weeks due to an anticipated shortfall in the 2004 Indonesian harvest. Indonesian crop will be short of the estimated 90,000 tonnes needed to satisfy domestic demand…READ MORE