Indonesia: Rising CIF price of clove to Saudi Arabia due to limited availability of containers

Due to the limited availability of cargo shipments to Saudi Arabia, the CIF price of clove to the major ports in the country has experienced an increase this week. As a reference, the price to Jeddah is up to USD 5450/MT from its price last week at USD 5300/MT. The demand for clove buds from Saudi has been considerably high in January 2021, but not all of the demand could be fulfilled as the freight-forwarding price has been high.