GLOBAL cloves supplies are running drastically short as there are very few quantities of 2008 crop material left in Madagascar to tide the market over until the new crop arrives later this year…READ MORE
INTERNATIONAL cloves dealers are bracing themselves for the possibility of higher prices later this year following reports of disappointing output recorded or expected in a number of origins. A normal crop in Madagascar is 7,000 to 12,000 tonnes…READ MORE
It is not as easy to penetrate the Madagascar cloves market because most of the business there is done by long-standing Chinese residents of Madagascar who are reluctant to surrender sales – including to their fellow Chinese from China itself. The bulk of China’s purchasing from Madagascar is done from the southeast of the country…READ […]
INTERNATIONAL cloves dealers are eagerly awaiting a significant improvement in demand over the coming weeks after the recent emergence of enquiries from key importing countries and the realisation that many potential buyers are short of stocks. Over the last few weeks some sellers in Madagascar had granted some lower prices to buyers in Singapore. Singapore […]
INTERNATIONAL cloves prices could be subject to a lot of upward pressure over the coming weeks due to the combination of lower output in key origins and pent up demand resulting from limited coverage among major importers. Madagascar’s currency, which was supposed to fall in value, has continued to make gains, and the ongoing political […]
GLOBAL cloves buyers have been absent from the market of late as high prices and ongoing political unrest in Madagascar have stifled interest. In the week ending February 13, European traders quoted sharp gains in Madagascar cloves to $3,900 a tonne…READ MORE
POLITICAL tensions in main producer Madagascar have lent bullish pressure to clove leaf oil prices this month, fuelling a general upwards trend. Last week, prices saw a further modest jump up to $6.70 a kg as a political coup in Madagascar brought the markets there to a standstill…READ MORE
POLITICAL tensions in main producer Madagascar have lent bullish pressure to clove leaf oil prices this month adding to the general upwards trend. In the final quarter of 2005 clove leaf oil prices levelled out at $3.8 per kg on a c&f basis from Madagascar where they lingered into 2006…READ MORE
Madagascar cloves were trading at around $3,500 a tonne, up from $3,150 a tonne at the start of the year and $700 a tonne higher than a month ago. Madagascar, the world’s biggest cloves producer, has become the preferred origin for…READ MORE
The buyers want to have the lowest possible price and the sellers are always willing to have the best price. In the meantime, cloves farmers in Madagascar have been pushing their price quotes upwards…READ MORE