Adverse weather creates bullish tone for Madagascar cloves

The local cloves market in Madagascar has been bullish of late due to adverse weather The weather conditions have been cold and wet during October, which is unusual for the season. This is certainly a consequence of El Niño. In fact, all the Malagasy shippers sold short at the start of the crop, because it […]

Read more

Cloves prices settle at levels of more appeal to buyers

There are differing views on the overall size of Madagascar’s crop. While some traders and brokers believe that the crop will exceed the 12,000 tonnes estimated for 2014, some of the farmers and planters have raised doubts on this idea. Farmers point out that while at the time of flowering it was a “good catch” […]

Read more

Global cloves buyers and sellers hesitant after recent price falls

Madagascar’s next crop will come through in October/November and a good one, most probably exceeding 10,000 tonnes The optimistic exporters were putting Madagascar’s 2015 crop to reach 20,000-25,000 tonnes while the more pessimistic ones were saying 10,000 tonnes. Hence, for the time being he would be inclined to expect 10,000-15,000 tonnes. Madagascar a good crop […]

Read more

Touton highlights bullish tone in global clove leaf oil market

The Madagascar season is over and stocks of 1,000 tonnes at most are in strong hands. Moreover, world stocks levels are very low. As a result, once people realise that here are only 1,000 tonnes available in Madagascar to cover all markets needs, including that of the two main consuming countries until July or so […]

Read more