Cloves prices set to remain supported by lack of stocks
Madagascar, for example, just 500 to 700 tonnes are available at “very high” prices. “They are selling at over $13,000 a tonne fob” As a result, it is difficult to know the exact quantities shipped from Madagascar. At the present time, several shippers say that the cloves carryover could be approximately 3,000 tonnes, but others […]