Indonesian output has declined over the last decade to around 7,000 tonnes from 10,000 tonnes due to falling prices, political problems and natural causes, such as El Nino. With global nutmeg buyers increasingly dependent on Indonesia over the last few months…READ MORE
Indonesian nutmeg of ABCD grading for $6,300 a tonne spot, compared with $6,200 a tonne a fortnight earlier. Shipment prices also rose to $5,900 a tonne cif from $5,800 a tonne previously. The supply situation is over there but of course in Indonesia they would like to hear that 90% of the nutmeg…READ MORE
INDONESIAN nutmeg prices are expected to show further gradual declines over the coming weeks as sellers are having to discount their offers in an attempt to generate more buying interest. Indonesian sound shrivels at $5,400 a tonne on the spot market, down from around $5,500 a tonne in mid-January…READ MORE