GLOBAL cloves buyers have been absent from the market of late as high prices and ongoing political unrest in Madagascar have stifled interest. In the week ending February 13, European traders quoted sharp gains in Madagascar cloves to $3,900 a tonne…READ MORE
POLITICAL tensions in main producer Madagascar have lent bullish pressure to clove leaf oil prices this month, fuelling a general upwards trend. Last week, prices saw a further modest jump up to $6.70 a kg as a political coup in Madagascar brought the markets there to a standstill…READ MORE
POLITICAL tensions in main producer Madagascar have lent bullish pressure to clove leaf oil prices this month adding to the general upwards trend. In the final quarter of 2005 clove leaf oil prices levelled out at $3.8 per kg on a c&f basis from Madagascar where they lingered into 2006…READ MORE
Madagascar cloves were trading at around $3,500 a tonne, up from $3,150 a tonne at the start of the year and $700 a tonne higher than a month ago. Madagascar, the world’s biggest cloves producer, has become the preferred origin for…READ MORE