Clove Prices Expected to Rise in Indonesia In Q4 2022

Some clove producers in Java & Bali are holding back supply and sales to create a price increase for the upcoming months. During Q2 2022, Indonesian cloves faced a 4-7% drop in wholesale prices. However, the price of Indonesian cloves is forecasted to increase in the last quarter of the year as production is forecasted to decrease and producers are holding back supply.