Slack demand likely to limit cost of cloves

November 15, 2004 By:

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

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Small clove harvests indicate bullish market tone

November 1, 2004 By:

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

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