login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Clove Prices Hold Steady as Supply Meets Demand

4 Nov 2024 8:49 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, November 4 (Commodities Control): Clove prices across major markets have remained stable for the fourth straight session, with local traders reporting a balanced supply due to favorable import volumes. Although Indian buyers are offering higher rates, the absence of sellers from Madagascar indicates that further price drops are unlikely in both domestic and international markets.

Global price reductions for cloves appear unlikely as African nations project lower production levels. Madagascar clove is priced around $8,000 per metric ton, while Indonesian clove costs about $7,100 per metric ton. These rates have remained consistent over the past week.

In domestic markets, bilty prices in Kottayam range from ₹880 to ₹890 per kilogram, while Shimoga's prices are between ₹910 per kilogram. The price of clove stem in Kottayam remains unchanged at ₹140 per kilogram.

The estimated bill price for Lalpari cloves is between ₹770 and ₹780 per kilogram. Prices for Comoros clove range from ₹770 to ₹800 per kilogram, with Madagascar and Sri Lankan clove priced between ₹780 and ₹800 per kilogram.

Experts expect clove prices to remain stable in the coming days, supported by ongoing harvesting activities that will sustain supply. Reduced global production forecasts should also contribute to price stability in the near term.




(By CommoditiesControl Bureau; +91-9820130172)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
Gold Rises as U.S. Jobs Data Fuels Rate Cut Hopes
Gold Steady Ahead of U.S. Jobs Data; Weekly Decline Per...
Gold Prices Steady as Markets Await U.S. Payroll Data f...
Gold Prices Hold Steady as Markets Await Fed Signals an...
Gold Prices Rise on Rate Cut Hopes Amid Geopolitical Te...
more
Top 5 News
Declining Castor Bean Arrivals in Gujarat Keep Prices S...
Peanut Prices See Support Amid Rising Oil Trade and Mar...
Gujarat Sugar Prices -07DEC 2024
Tamil Nadu Sugar Prices -07DEC 2024
Bihar Sugar Prices -07DEC 2024
Top 5 Special Reports
U.S. Cotton Export Sales Decline from Previous Week's P...
U.S. Soybean Export Sales Decline Slightly; Soybean Mea...
Weekly: Sugar Prices Decline Amid Weaker Brazilian Real...
Weekly: ICE Cotton Futures Log Second Weekly Gain on St...
EDIBLE OILS PORT STOCK AS ON : 29 Nov 2024
Copyright © CC Commodity Info Services LLP. All rights reserved.