indonesian market report 20 june to 25 june 2011

The week started with a slight increase in the market. The local prices where ranging from 15500 to 16000. But two three exporters were having more interest in the market and was buying at idr 17000/kg.

Lumpang grades had picked up some demand. Exporters where trying to buy lumpang grades, but till they were not able to cover more than 5MT of lumpang per week. The Local prices of lumpang is idr 16,000/kg
The supply was still very low and is expected to be low in the near future

Indonesian market report 13june to 18 june

This week see some difference in the market. After a long down trend the market had bottomed up and the price in the local market had stabilised at idr 15,000 level. The Production at the Local markets had drastically dropped and the collectors where not able to buy more cargo. Exporters where very calm as they where sticking on to minimum procurement. Export Prices are at USD2250/MT CNF India

"The market went too down and the down trend was for a long time as well, That made a lot of mess in the market. Now I hear  that all the exporters are waiting for July... Ahhhh again bad weeks ahead,,, Riko (collector from suranti)"