MADAGASCAR cloves prices have risen by up to $150 a tonne over the last few weeks as sellers have become more ambitious and looked to optimist their returns. Madagascar last month, the country’s 2006 cloves crop must be somewhere around 15,000 tonnes, which is a substantial volume and well ahead of the disappointing 2005 crop […]
There are a lot of cloves in Madagascar. The 2006 crop is between 10,000 and 12,000 tonnes. At this time of year, when the crop starts, the collectors need to sell and they need the money too, so they are ready to cut the price to any level..READ MORE
Madagascar clove leaf oil was quoted at $6.75 a kg on a spot basis last week, up from the previous week’s $6.25 a kg. The market is very tight at the moment, which is why the prices are so high. Madagascar had a small crop this year. It’s difficult to get orders for delivery now, […]
GLOBAL cloves prices look prone to increase over the coming weeks as buyers take cover against a market of limited availability. In the week up to March 3, traders quoted Madagascan cloves as easing to $4,200 a tonne…READ MORE
GLOBAL cloves prices have faced extreme upward pressure over the early stages of 2006 due to a combination of supply uncertainties and intense speculation. Madagascar’s latest crop, totalled just 1,500 to 2,000 tonnes down from 6,000 tonnes in 2004…READ MORE