Madagascar would not be ready to make any sales until the last week of September or later. Some trade estimates have suggested as much as 15,000 tonnes – the demand pressure would keep prices high and possibly even beyond current levels. Harvesting can run from September to the end of January…READ MORE
INTERNATIONAL cloves prices remain very high due to strong demand which is exacerbating the squeeze on stocks ahead of a hoped-for decent flow of new crop arrivals from various origins. Madagascar would not be ready to make any sales until the last week of September or…READ MORE
There is a political problem in Madagascar. It’s become like the Wild West. It will depend on how strong the police are, how well the forest is protected, whether customs do their jobs. The regular market may not rise but this black market could be a real problem. Madagascar’s artificially strong currency to keep oil […]
There are some good qualities available from Madagascar but the price of these is very high. The available quantity of good quality cloves from all the origins now is really very small, and this will keep the prices high. Positive outlook in Madagascar Madagascar’s next crop is expected to be a decent one following favourable […]
Madagascar was the only origin from which it was possible to purchase cloves of any viable quantity currently. Exporters in Tamatave were in a commanding position on prices as the inventory in Tamatave was also very low – perhaps only 1,000 to 1,500 tonnes…READ MORE
Some deals at $5,900 to $6,100 a tonne. some competitors or partners in Madagascar have been selling at higher prices of around $6,200 to $6,300 a tonne. Most of the shippers in Madagascar are sitting on a minimum of 200 tonnes of cloves. In Tamatave there is enough material to supply the next two to […]
MADAGASCAR’S cloves prices have moved sharply higher in recent weeks despite the arrival of a decent sized crop, due to local speculation and hoarding of stocks. Trade estimates have pegged this year’s Madagascan crop at between 8,000 and 10,000 tonnes compared with only 3,000 to 4,000 tonnes in 2009…READ MORE
Madagascar is sold out of 2009 crop produce ahead of the start of this year’s crop in October. First shipments should be under way at the end of October or beginning of November…READ MORE
New crop Madagascar cloves prices would start low as demand was ongoing and all exporters at the origin were aware of the current situation. “Only freight rates could help making slightly better prices from Madagascar…READ MORE
INTERNATIONAL cloves dealers are likely to be closely monitoring developments in Madagascar over the coming weeks following a warning from the UN Food and Agriculture Organisation that the country’s crops are at risk of a significant plague of locusts. The FAO has called for action before the rainy season exacerbates the problem…READ MORE