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 […]
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