Nov 15, 2021
Decrease of Indonesian clove Exports in 2021 due to high freight costs and less harvest
Clove exporters from Sumatra, Java, Sulawesi reported a sharp decrease in 2021 export, especially in Q4 2021, with an estimated quantity of less than half of over 10,000 MT exported on the corresponding period last year.
Growers and exporters both attributed a lack of buying appetite to unforgiving freight costs combined with less harvest in 2021.
Indonesia 2020 cloves export is estimated to be over 40,000 MT which is much better than in 2019 at around 24,000 MT.
The price for lalpari grade is steady at the moment but predicted to steadily rise in line with the prediction of continuing climate challenges and recovered demands from clove cigarettes
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Written by
Paul Loemaksono
https://www.tridge.com/insights/decrease-of-indonesia-cloves-export-in-2021
WHATSAPP +5511988027709
MAIL: peppertrade@olcom.com.br
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4 comments:
FX Tanoto Tjendrawidjaya
That is true, crops failure this year. Perhaps it fails too next year, due to extreme weather.
according to my opinion, prices depend upon next year's crop.
What you think new crop?
Absolute failure in Brazil this year - Prices skyrocketing...
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