CLOVE leaf oil from Madagascar is becoming dangerously short and traders are beginning to fear that supplies may yet run out altogether, pushing prices to well above the 20-year highs they are currently scaling. Madagascar’s cloves prices started climbing in June when it became increasingly difficult to obtain any good quality produce from the 2009 […]
MADAGASCAR’S cloves prices have held high levels over recent weeks due to the increasing difficulties in obtaining any remaining good quality produce from the 2009 crop and an upturn in buying interest…READ MORE
FLOWERING of this year’s cloves crop in Madagascar has started earlier than expected this year, with trees in full bloom. Nevertheless, the crop size in the north of Madagascar should be good while the crop in the south of the island should be an average one…READ MORE
Madagascar had been trying to push up its cloves prices from the start of its 2009 crop last October. As a result, the origin had probably missed some good opportunities to sell larger volumes. Madagascar cloves prices is understandable to an extent, since the country’s economy is struggling and currency movements are pushing its prices […]
The people in Madagascar have nothing to sell until the new crop starts in November, they have suddenly been increasing the price by $200 to $300. It remains difficult to obtain quantities of good quality material from Madagascar’s 2009 crop…READ MORE
Madagascar is thought to have at most, only 3,000 tonnes left unsold. It is easier to get favorable prices out of Madagascar at the moment as the country’s currency has devalued, the origin’s prices are still not low enough to draw customers in…READ MORE
MADAGASCAR cloves prices are holding strong despite continued slack demand as farmers in the key African origin hold on to stocks to optimise their financial returns. Importers are having to contend with the problem that many of the current offers from Madagascar give no guarantee that they are from the 2009 crop alone, as collectors […]
MADAGASCAR cloves prices have shown further sharp increases in recent weeks in anticipation of a much smaller forthcoming crop. In the week ending December 4, European traders quoted Madagascar cloves prices as firming to $5,100 a tonne…READ MORE
Madagascar’s main growing regions earlier this month estimated that the country would have a total availability of 7,000 to 8,000 tonnes over the 2009/10 season, which would include 3,000 tonnes from the southeast and a similar volume from the north. This trader’s total figure is close to earlier top end projections…READ MORE
MADAGASCAR’S new crop cloves prices have opened very high as it becomes increasingly clear that output will be substantially down this year. Earlier forecasts had ranged from 4,000 tonnes at the lowest end of the scale up to 7,000 tonnes at best. Even the latter figure would be well short of Madagascar’s normal crop range […]