Madagascar’s new cloves crop is in full swing but the total volume is not massive and it is thought that much has already been sold.
The global market as a whole is expected to see continued underlying strength next year, but not show massive additional gains from recent levels.
The Madagascar crop, Not more than 8,000 tonnes will be available out of which it’s quite possible that almost 40-50 % has already been shipped and/or bought and brought from the bush to – at least – the accumulation places.
About 50% of the crop has already been shipped or contracted...READ MORE