EUROPEAN cloves importers believe recent price declines are only a temporary blip and that the ongoing tight supplies ahead of the arrival of forthcoming new crops will ensure that values are set to spiral upwards again soon. Madagascar’s northeast crop is projected to be in the range of 7,000 to 8,000 tonnes…READ MORE
GLOBAL cloves prices have continued to hold firm over recent weeks despite lackluster buying interest in general. Madagascar’s export prices for the forthcoming 2008 crop cloves are also expected to be driven up farmers’ and exporters’ push to generate sufficient income and the ongoing strength of the country’s currency…READ MORE
In the week ending March 28, European traders quoted Madagascar’s cloves prices as rising to $4,800 a tonne. Madagascar is expected to have output of 10,000 tonnes from around 4,000 tonnes in 2007…READ MORE
INTERNATIONAL cloves prices have seen sharp declines over recent weeks due to the complete disappearance of demand. Madagascar cloves should be in the region of $4,600 and $4,700 a tonne fob. The best is $4,500 a tonne fob. Madagascar cloves around $5,200 a tonne…READ MORE