The despite this it is debatable where the cloves are going to come from in order to meet global consumption requirements for the next six months, particularly since there is a lot of cover still to be done. Indonesia remains absent as a buyer…READ MORE
Indonesia’s 2014 crop was estimated at 70,000 tonnes. whatever the outcome on Indonesian demand ahead, this volume would not be sufficient. Indonesian crop the local prices were around IDR150,000 (USD12.52) per tonne. Currently they are around IDR130,000/tonne…READ MORE
Harvesting of Indonesia’s latest crop is under way and trade estimates on this have varied from a low end figure of 50,000 tonnes up to 80,000 tonnes at the most positive end of the scale. The demand was weak and stressed that the estimates for Indonesia indicated that the crop would be of an average […]
International cloves dealers have highlighted bullish factors that look set to underpin the market in the coming months, which implies a near zero possibility of any significant downward movement in prices. In the meantime purchasing industry in 2013 and early 2014, suggested that inventory levels in consuming countries must be low. Moreover, it was very […]