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

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 […]

Read more

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 […]

Read more

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 […]

Read more