Traders batten down the hatches against escalating cloves prices

July 29, 2011 By:

THE global cloves market remains under extreme upward pressure, with some traders opting to take a back seat rather than get stung in what is a very volatile situation. There has been no let up in the market since the start of July when prices struck the highest levels in recent memory…READ MORE

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‘Negligible’ clove crop sends prices spiralling upwards

July 1, 2011 By:

INTERNATIONAL cloves prices are facing extreme upward pressure due to global shortages of the spice and strong demand, particularly from the Far East. The crop this year in Indonesia is negligible. As a result, it is anticipated that there will be very strong Indonesian demand over the coming weeks, lending further support to already high […]

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