Mumbai, February 27 (CommoditiesControl): Clove prices continue to demonstrate a steady sentiment across various origins and regions. In Kottayam, prices for Comoros-origin cloves range between Rs. 860 and Rs. 870 per kilogram, while Madagascar cloves are priced from Rs. 860 to Rs. 880 per kilogram. Sri Lankan cloves command prices between Rs. 890 and Rs. 920 per kilogram.
After experiencing a decline in the preceding two sessions, domestic clove prices in Kottayam are expected to stabilize within the range of Rs. 950 to Rs. 980 per kilogram. The market faces pressure due to an increase in supply resulting from elevated imports and reduced exports.
The domestic clove prices have observed a reduction after an extended period of stability, attributed to an excess supply brought about by heightened import activities. In Shimoga, the price per kilogram remains stable at Rs. 1,000 to Rs. 1,020, maintaining consistency from the previous session. Additionally, clove stems in Kottayam are priced at Rs. 160 per kilogram, aligning with rates observed in the preceding session.
(By CommoditiesControl Bureau; +91-9820130172)
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