International spice traders are bracing themselves for the likelihood of tight global supplies of mace next year as Indonesia is forecast to suffer crop losses as a result of El Niño. Mace is harvested year round but the peak crop in Indonesia is in March/April with the secondary phase in September/October…READ MORE
INDONESIAN mace prices are expected to remain prone to increases for the time being despite showing some downward movements in recent weeks. The price dips were likely to be a reflection of a slight upturn in availability at origin as collectors gathered more mace last month…READ MORE
INDONESIAN mace prices declined in the week ending December 16 as exporters at origin aimed to clear stocks in a market of slack demand. Mace is traditionally used for baking at Christmas so purchases for this key period would have been done a number of weeks ago…READ MORE
PRICES of mace look certain to continue on their bull run with aflatoxin problems becoming more prevalent, but at least EU traders can take some solace from progress with legislation on the presence of hydrocarbon. They are still collecting in Indonesia but the main period is usually March to May and it doesn’t seem that […]
INDONESIAN mace prices have shown substantial advances in recent weeks due to ongoing demand in a market of very tight supplies. Supplies have been very tight for many years now, and Indonesian prices have been subject to regular upward pressure…READ MORE
INDONESIAN mace prices have recorded further sharp increases in recent weeks due to alarmingly low stocks at origin as world demand remains focused on Indonesia due to the continued absence of Grenada as a supplier. Large increases in shipment offers for Indonesian mace…READ MORE
INDONESIAN mace prices have been subjected to increases over the last few weeks as buyers seek to cover their requirements in a tight market. As a result global buyers have become dependent on Indonesia for their mace supplies…READ MORE
INDONESIAN mace prices have seen a steady decline over the past few weeks due mainly to slack demand and over-production. If demand and the rupiah remained steady over the coming month, prices would stay at these levels. For the same reasons, mace prices were quoted $1,000 a tonne lower last week at $8,000 a tonne […]
This prompted Indonesian traders and middlemen to chase after any mace they could get, leaving most importers in Europe and the US uncovered. 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…READ MORE