Madagascar’s new cloves crop is in full swing but the total volume is not massive and it is thought that much has already been sold. The global market as a whole is expected to see continued underlying strength next year, but not show massive additional gains from recent levels. The Madagascar crop, Not more than […]
Malagasy shippers have not yet started their purchases – they are waiting for the northern goods, which should come in the market mid-October,” Expecting a 7,000-8,000 tonnes range for the 2014 Madagascar crop, down from earlier projections of 10,000-12,000 tonnes. Suggested that roughly 75% of the anticipated volume would come from the north of the […]
International cloves dealers are cautiously optimistic that Madagascar’s 2014 crop will be a good one, but there are no guarantees that this will ensure the global market then sees an alleviation of tight supplies. Harvesting of Madagascar’s next crop is expected to start in October, or possibly late September Madagascar might reach a crop of […]
International cloves dealers have highlighted bullish factors that look set to underpin the market in the coming months, which implies a near zero possibility of any significant downward movement in prices The stock ratio would have dwindled as low as not even two weeks consumption at the end of September, just before the Madagascar crop […]