It is not as easy to penetrate the Madagascar cloves market because most of the business there is done by long-standing Chinese residents of Madagascar who are reluctant to surrender sales – including to their fellow Chinese from China itself. The bulk of China’s purchasing from Madagascar is done from the southeast of the country…READ […]
INTERNATIONAL cloves dealers are eagerly awaiting a significant improvement in demand over the coming weeks after the recent emergence of enquiries from key importing countries and the realisation that many potential buyers are short of stocks. Over the last few weeks some sellers in Madagascar had granted some lower prices to buyers in Singapore. Singapore […]
INTERNATIONAL cloves prices could be subject to a lot of upward pressure over the coming weeks due to the combination of lower output in key origins and pent up demand resulting from limited coverage among major importers. Madagascar’s currency, which was supposed to fall in value, has continued to make gains, and the ongoing political […]
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