Limited supplies firm clove prices

CLOVE buyers are bracing themselves for firm prices for the rest of the year as the current market situation characterised by limited supplies and strong demand shows no signs of changing. The trader forecast the Indonesian crop at 15,000 to 20,000 tonnes but…READ MORE

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Short supplies set to keep clove market bullish

CLOVE buyers are hopeful that the combination of expected production shortfalls and Indonesian demand increases over the coming months will keep the sector bullish for the rest of the year. Some trade forecasts have pegged Indonesia’s 2004 clove crop at just 3,500 tonnes down from 7,000 tonnes in 2003…READ MORE

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Poor crop expected to keep clove prices firm

CLOVE traders are expecting prices to remain firm over the coming weeks due to an anticipated shortfall in the 2004 Indonesian harvest. Indonesian crop will be short of the estimated 90,000 tonnes needed to satisfy domestic demand…READ MORE

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Poor crop set to boost Indonesian clove imports

INDONESIAN clove imports are expected to be substantial next year as a poor harvest is set to leave production trailing consumption and force the government to abandon its opposition to overseas purchases. Indonesia is the world’s largest clove producer but is also a major importer due to the huge demand…READ MORE

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Brisk trading could rally clove prices

Indonesia lifts its import ban, there would almost certainly be an immediate impact on prices, with cloves likely to shoot up to $2,000 a tonne. The Indonesian government may lift the import ban and start buying again soon. Indonesian cloves look good but the flavour is not so good, so…READ MORE

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Clove compensation

INDONESIAN clove growers in north Sulawesi have demanded Rp200bn ($24m) compensation from the government for potential loss of revenue due to price plunges ahead of the harvest season…READ MORE

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Increased buying rallies clove prices

GLOBAL clove prices have risen sharply over the last few weeks due to the combined effects of increased demand and fears of a significantly reduced Indonesian crop. Speculation is rife that global clove supplies could fall short of official estimates.Some analysts believe Indonesia, the world’s largest user of the spice, will produce around 17,000 tonnes […]

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Weak demand exacerbates clove price fall

The usage of clove is diminishing and it does not offer a practical alternative for manufacturers.Without Indonesia there is nothing to stop the price falling. Clove demand has been slow for months although there has been limited activity in the…READ MORE

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New Indonesian harvest leads to lower clove prices

CLOVE traders are expecting global demand to remain strong over the coming months as large Indonesian supplies result in a significant fall in prices. Indonesia, the world’s largest clove producer, is just beginning its 2003 crop year and the arrival of fresh supplies has triggered a price fall of around $250 in international clove prices […]

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