Madagascar’s political strife sees clove leaf oil rally

February 18, 2009 By:

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

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Rush of demand spurs upsurge in cloves

February 2, 2009 By:

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

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