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 […]
INTERNATIONAL cloves dealers are finding buying resistance to the highest level offers as global importers look to secure the best deals possible. At the present time our buyers in Singapore are reluctant to take position because their customers in Indonesia are looking for the new import license…READ MORE
INTERNATIONAL cloves prices remain very high due to strong demand which is exacerbating the squeeze on stocks ahead of a hoped-for decent flow of new crop arrivals from various origins. Indonesia’s next crop is expected in early 2012 and is projected to be good after excess rains lowered output this year. Initial trade estimates have […]
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
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 […]
INTERNATIONAL cloves prices are facing extreme upward pressure due to global shortages of the spice and strong demand, particularly from the Far East. It is anticipated that there will be very strong Indonesian demand over the coming weeks, lending further support to already high prices…READ MORE