As 2013 draws to a close international cloves prices remain as firm as ever with no apparent end in sight. Despite subdued demand of late cloves prices have held defiantly strong. Indonesia’s kretek cigarette manufacturers have also remained absent as buyers because the cloves that they would normally purchase from..READ MORE
International cloves dealers are convinced the market is heading for a supply deficit soon due to downturns in production in major origins this year and dwindling stocks in consuming countries. The total global output this year – excluding that of Indonesia – would amount to only 23,000 tonnes…READ MORE
International cloves prices have shown some declines of late as slow buying has forced sellers to lower their ambitions, but underlying upward pressure lingers as stocks in consuming countries remain low and new crops look disappointing. The stocks everywhere in the world are very low. The production this year in Indonesia is a disaster – […]
THE international cloves market has been mostly inactive of late but tightness of supply is expected to maintain an underlying firm tone to the market. Indonesia traders were citing levels of $11,100 to $11,200 a tonne and reporting that this reflected the weakness of the Indonesian rupee against the US dollar…RAD MORE
CLOVES prices will be underpinned by low stock levels and reduced availability in the coming weeks, as African crops come to an end and Indonesian output declines by around a third from last year. Indonesia, a crop of between 80,000 to 100,000 tonnes last year is unlikely to be repeated this year…READ MORE
CLOVES dealers are expecting renewed upward pressure on prices over the coming weeks as already tight stocks are further reduced. Indonesia had a decent 2012 crop which was likely to have been more than 100,000 tonnes. With the new crop imminent Indonesian prices had eased moderately, but it was widely known that the forthcoming crop […]
INTERNATIONAL cloves dealers are expecting further upward pressure on prices over the coming weeks due to limited stocks in importing countries and anticipated improved demand as global buyers will have to move in to take coverage. Indonesian prices had not declined much over the last year and were still quite high even though the country […]