Clove market firms amid lower output and speculation

WORLD clove prices have been firming recently amid reports of a smaller than usual crop from major producer Madagascar and speculative activities. The crop in Madagascar is not very big and other countries’ crops seem to be more or less medium so that’s the main reason why the price has gone up…READ MORE

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Madagascar makes stab at lifting cloves price

MADAGASCAR cloves prices have risen by up to $150 a tonne over the last few weeks as sellers have become more ambitious and looked to optimist their returns. Madagascar last month, the country’s 2006 cloves crop must be somewhere around 15,000 tonnes, which is a substantial volume and well ahead of the disappointing 2005 crop […]

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Sale of stocks hits cloves prices

There are a lot of cloves in Madagascar. The 2006 crop is between 10,000 and 12,000 tonnes. At this time of year, when the crop starts, the collectors need to sell and they need the money too, so they are ready to cut the price to any level..READ MORE

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Tight global supplies lift clove oil price

Madagascar clove leaf oil was quoted at $6.75 a kg on a spot basis last week, up from the previous week’s $6.25 a kg. The market is very tight at the moment, which is why the prices are so high. Madagascar had a small crop this year. It’s difficult to get orders for delivery now, […]

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Clove prices appear likely to increase

GLOBAL cloves prices look prone to increase over the coming weeks as buyers take cover against a market of limited availability. In the week up to March 3, traders quoted Madagascan cloves as easing to $4,200 a tonne…READ MORE

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Supply uncertainties boost clove prices

GLOBAL cloves prices have faced extreme upward pressure over the early stages of 2006 due to a combination of supply uncertainties and intense speculation. Madagascar’s latest crop, totalled just 1,500 to 2,000 tonnes down from 6,000 tonnes in 2004…READ MORE

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Low demand limits clove prices

MADAGASCAR clove prices have risen by about $25 a tonne since the beginning of August in response to a smaller crop, but low demand has by and large kept a lid on price rises. Madagascar’s forecast varied from 2,000 to 4,000 tonnes…READ MORE

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Weak demand hits clove prices

In Madagascar, which is the only country to have notable volumes to offer at this time, only an estimated 800 to 1,000 tonnes are left to be shipped from last season. New crop supplies will not be available from Madagascar until October, but this has not been enough to stop prices falling…READ MORE

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Clove prices become too high for buyers

AFTER considerable price fluctuations throughout the 2004/05 season the world clove market appears to be stabilising at around $3,200 to $3,300 a tonne despite a lack of demand. In 2004, clove prices stoped as low as $1,550 a tonne, which was $2,000 less than some estimates last week, which pegged Madagascar cloves at $3,500 a […]

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Madagascar clove prices decline

MADAGASCAR clove prices have fallen significantly over the last fortnight due to weak international demand for the new crop. Last week, some traders quoted Madagascar cloves as easing to $3,485 a tonne…READ MORE

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