Login ID:
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

   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
Kottayam/Kochi Rubber Rates – 12 February 2024
Kottayam/Kochi Rubber Rates – 08 February 2024
Bangkok/kualalumpur Rubber Rates – 06 February 2...
Malaysia Rubber Physical Prices (Sen/Kg) – 06 Feb...
Thailand Rubber F.O.B. Offer Prices – 06 February ...
Top 5 News
BMD CPO edge higher after 4 consecutive sessions of los...
Mustard seed complex continues its bearish trend amid w...
Cotton Prices Down in Maharashtra Amid Reduced Buying; ...
Cotton Prices Decline in MP Amid Dip in Demand; Daily A...
Top 5 Special Reports
Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...
Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa...
Mumbai Black Matpe (Urad) Trending Higher / Next Resis...
RBD Palm Olein (Kandla) Positive Short-term Trend / Ne...
Soybean Meal (Indore) Trending Higher / Next Resistanc...
Copyright © CC Commodity Info Services LLP. All rights reserved.