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

Domestic Clove Prices Decline Amid Import Surge

22 Feb 2024 9:12 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, February 22 (CommoditiesControl): The prices for domestic cloves have experienced a notable decline, notably after a prolonged period of stability, influenced by an oversupply resulting from increased imports. In Kottayam, prices range between Rs. 860 and Rs. 870 per kilogram for cloves from Comoros, Rs. 860 to Rs. 880 for those from Madagascar, and Rs. 890 to Rs. 920 per kilogram for cloves from Sri Lanka. Domestic clove prices in Kottayam are reported to be between Rs. 980 and Rs. 1000 per kg.

In Shimoga, the price per kilogram for cloves ranges from Rs. 1,000 to Rs. 1,020, marking a decrease of Rs 20 per kg. Additionally, clove stems were priced at Rs. 160 per kilogram in Kottayam, reflecting a Rs 5 per kg decline from the previous session.

Meanwhile, the Department of Commerce has released import data for December, revealing a substantial year-on-year surge in imports. The increased imports were primarily driven by higher inflows from Madagascar and Tanzania, while imports from Comoros witnessed a significant decline. Import figures for the month were reported at 1,304 MT, reflecting a 28% YoY increase. Cumulative imports from April to December reached 15,431 MT, representing a 40% YoY rise. In contrast, exports for the month were reported to be 59% lower.


(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
DCE Oil Complex Evening Closing - 16 Apr 2024
DCE Daily Rates Update ( Time: 20;23 ) - 16 APRL 2024
Castor Prices Fall in Gujarat on Roboust Supply
Peanut Prices Hold Steady Amidst Slowing Demand
Mustard seed complex sees bearish mood on lacklustre de...
more
Top 5 News
DCE Oil Complex Evening Closing - 16 Apr 2024
ZCE Cotton And Yarn Evening Closing - 16 Apr 2024
Small Cardamom Prices Witness Uptick; Marginal Decline ...
Domestic Pepper Prices Surge; Vietnamese Prices Decline...
Clove Prices Remain Stable in Key Markets
Top 5 Special Reports
Mumbai Black Matpe (Urad) Trending Higher / Next Resis...
RBD Palm Olein (Kandla) Positive Short-term Trend / Ne...
Soybean Meal (Indore) Trending Higher / Next Resistanc...
Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex...
Weekly: ICE cotton futures post extend fall for sixth s...
Copyright © CC Commodity Info Services LLP. All rights reserved.