The Madagascar season is over and stocks of 1,000 tonnes at most are in strong hands.
Moreover, world stocks levels are very low.
As a result, once people realise that here are only 1,000 tonnes available in Madagascar to cover all markets needs, including that of the two main consuming countries until July or so then the market could wake up quickly
In Madagascar, the producing area has received quite a lot of rain showers in recent months and this will not make for an easy restart of distillation or assist the delivery of crude oil from bush alembics to collection centres and from collecting centres to Tamatave for final packing and export.
Madagascar farmers will always prefer protecting cloves better than distillating clove leaf oil, which in any case must already be done based on regulatory obligations in the Analanjirofo area...READ MORE