MADAGASCAR clove prices have risen by about $25 a tonne since the beginning of August in response to a smaller crop, but low demand has by and large kept a lid on price rises. Madagascar’s forecast varied from 2,000 to 4,000 tonnes…READ MORE
In Madagascar, which is the only country to have notable volumes to offer at this time, only an estimated 800 to 1,000 tonnes are left to be shipped from last season. New crop supplies will not be available from Madagascar until October, but this has not been enough to stop prices falling…READ MORE
AFTER considerable price fluctuations throughout the 2004/05 season the world clove market appears to be stabilising at around $3,200 to $3,300 a tonne despite a lack of demand. In 2004, clove prices stoped as low as $1,550 a tonne, which was $2,000 less than some estimates last week, which pegged Madagascar cloves at $3,500 a […]