The Crop in the South would start on the 27/09/2021. Most of our local partners tell us that the current quality has lot of baby cloves and high moisture level. So they are not ready to offer until to have dry and clean the expected lots. The Norther crop will start middle October, we don’t expect to get offers until end of October. It is unrealistic to expect shipment of Northern quality before middle November.For the time being, we don’t have export price, we know only the collection prices which make us nervous because Malagasy farmers and middlemen are acting like for speculation. This year, the market will be nervous and bullish. The only positive think is that the Malagasy crop will be relatively good between 12 000 and 15 000 mt for the time being. However it will not compensate the small Indonesian crop.
On our opinion it is the better option for the time being. the average quality of clove is offered around 8150 pmt CFR Nhava Sheva. However,