Continued challenges in cloves market

The October 7 official opening of the southeast cloves campaign in Madagascar there had already been some purchasing Estimate the crop should give a total of 9,000 tonnes (compared to most probably some 13,000-15,000 tonnes last season) with 40% of southern cloves and 60% of northern cloves, plus 1,500-2,000 tonnes carry-over…READ MORE

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Cloves market begins to revive

Madagascar crop should be good in the north – if the weather until June is not too wet – and an average one in the south. Madagascar cloves were at USD8,700/tonne…READ MORE

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Global cloves market quiet over last month

Madagascar’s crop was good, being estimated at around 14,000 tonnes so farmers and collectors have enough money to live well for the time being. In terms of quality, the 2015/16 season Madagascar crop is average, because clove buds became ripe quicker than usual due to the rains in October. The quantity of headless cloves is […]

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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 […]

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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” […]

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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 […]

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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 […]

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Global cloves market might ‘surf on a wave’ in 2015

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 […]

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Cloves price falls are seen as temporary blip

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 […]

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Cloves traders still fearful of squeeze on availability

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 […]

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