ESSENTIAL oil prices have remained generally firm lately, as weather problems continue to cause difficulties in a number of growing areas around the world. Weather problems have been cited as a main reason for firming prices in Indonesia, where the cost of clove leaf oil has risen recently…READ MORE
The exporter said that this has stabilised prices in the range of Rp29,000 to Rp31,000 a kg. Current internationally traded prices are at $3,200 a tonne c&f Singapore, the exporter explained. Predicted that Indonesia’s domestic quotes will decline to below Rp25,000 a kg during the second half of August. According to the latest estimates from […]
EUROPEAN cloves traders have indicated that global demand has virtually ground to a halt of late. It looks like all the buyers are looking at Indonesia and see what the Indonesian crop will be, They all estimate that the Indonesian crop will be very good. If Indonesia has a good crop…READ MORE
INDONESIAN cloves prices have faced further increases over the last few weeks as rain-induced delays to the 2007 crop contribute to general perceptions of a supply shortage. In the week ending May 4, European traders quoted Indonesian cloves at $3,900 a tonne…READ MORE
Indonesian cloves prices are expected to be subject to upward pressure as a result of heavy buying of old crop stocks a major delay to the country’s crop as a result of heavy rains. It is claimed that the crop will not be ready for harvesting until August or September, three months later than usual […]
There are no buyers and no sellers at the moment. People are waiting to see what happens with the Indonesian crop, so the next two to three months should be quiet…READ MORE
A PLOY by Indonesia to reduce the price of its own cloves crop so that it can buy foreign supplies more cheaply has undermined the global price but could be shortlived. Even though Indonesian demand has fallen to about 70,000 tonnes from a high of 100,000 tonnes because of the declining popularity…READ MORE
However, there is also a possibility that Indonesia will not seek to make up for its low production by importing a large amount of cloves this year. The market is very quiet at the moment…READ MORE
CLOVE leaf oil prices have risen to their highest prices in three years as poor production in the main origins has led to tight supplies. Indonesian clove leaf oil spot experienced a similar rise to $6.50 a kg up from $6.00 a kg….READ MORE
The crop in Indonesia this year is estimated at 30,000 to 35,000 tonnes and it will be nearer 30,000 tonnes. The low crop in Indonesia this year compares with production last year which was estimated at 50,000 to 65,000 tonnes. Demand in Indonesia is high because cloves are used to…READ MORE