Madagascar, for example, just 500 to 700 tonnes are available at “very high” prices. “They are selling at over $13,000 a tonne fob” As a result, it is difficult to know the exact quantities shipped from Madagascar. At the present time, several shippers say that the cloves carryover could be approximately 3,000 tonnes, but others […]
In Madagascar, within a month there would be no more cloves available in the bush/villages and all the remaining stocks would be in the hands of exporters or middlemen, who were affluent enough this year to sit on their stocks until they felt prices had reached an attractive level to sell at, the report predicted. […]
Rich stockists holding stock in Madagascar Madagascar’s latest crop had been fully harvested and the balance of stock – possibly 3,500 tonnes – was in the hands of rich stockists, These speculators would not sell at a loss and their current cost price was quite high with the next crop not due until November. “Madagascar’s […]
CLOVES speculators in Madagascar have been doing their utmost to try and push the market even higher despite global buyers proving reluctant to take much cover at current levels. The local prices in Madagascar had increased to $12,500 a tonne fob from $10,000 a tonne 10 days ago. The increase seems to be due to […]
In Madagascar, the crop from the southern areas is expected to be small, while that from the north is forecast to be good. Local farmgate prices have remained high at MGa65 a kg, meaning cost prices for the shipper after cleaning and drying the goods of at least $10,000 a tonne. Based on this opening […]