GLOBAL cloves prices have held strong this year despite claims from some that a crash was to be expected from June onwards. Moreover, this underlying strength looks set to prevail to the end of this year and well into 2013, if not the whole of 2013. Indonesia has stocks to see it through to the […]
INTERNATIONAL cloves prices have held mostly firm in recent weeks as farmers at origin remain reluctant to lower their pricing ambitions and exporters appear confident of maintaining demand at high levels. The Indonesian cloves prices had moved particularly high, being above $10,000 a tonne…READ MORE
INTERNATIONAL cloves prices have slid lower in recent weeks as demand dwindles due to the holiday season and reluctance to cover at the excessively high levels previously in place. Buyers have also been hesitating until they get a clearer view on the forthcoming crop from Indonesia. In the week ending August 10 European traders quoted […]
INTERNATIONAL cloves prices have shown some slight downward pressure of late on expectations of new crops availability, but dealers have cast doubt over the potential for any major price declines ahead. The crop is really long, so the Indonesian farmers are able to take their time to sell their stocks. So even if the crop […]
EUROPEAN cloves dealers have seen a slight upturn in buying interest after a prolonged period of inactivity in the market, but underlying demand remains limited. Indonesia had previously said its new crop would be at least 80,000 tonnes but this assessment had been downgraded to stating it could be up to 80,000 tonnes…READ MORE
The Indonesian cloves of a good quality were still holding minimum prices of $11,000 a tonne to the farmer, meaning export prices of about $13,000 a tonne c&f. Indonesia had previously said its new crop would be at least 80,000 tonnes but this assessment had been downgraded to stating it could be up to 80,000 […]
INDONESIA’S exports of cloves dipped slightly last year while its imports of the key spice, used in large volumes by its kretek cigarette manufacturers. The country shipped a total of 5,397 tonnes of cloves to global destinations in 2011, a 10.17% decline from the volumes sold overseas in 2010…READ MORE
Indonesia last year looked set to help underpin cloves prices for some months yet, and if the market was to ease it would not be before summer. Indonesia’s annual cloves consumption usually amounts to around 100,000 tonnes. Prices in Indonesia were holding strong at $12,000 a tonne to be paid to the farmers End users […]
INTERNATIONAL spice dealers believe that global cloves prices must be due for a downward correction at some point this year. Early trade estimates have pegged the forthcoming Indonesian crop to reach 80,000 tonnes…READ MORE
Harvesting of Indonesia’s crop normally takes place around May or June, but some Indonesian dealers have claimed the crop will arrive much earlier this year, in February or March. INTERNATIONAL cloves prices have eased in recent weeks but the dip is seen as only a temporary correction as overall availability looks tight and middlemen and […]