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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