Thursday, December 15, 2011

Business Line : Markets / Commodities : Clove prices spiral as demand outstrips supply

Business Line : Markets / Commodities : Clove prices spiral as demand outstrips supply: There is a huge shortage of cloves in India as good quantities were exported to Singapore and Indonesia at $12,000 to $17,000 a tonne, following a sharp rise in prices in recent weeks, the trade sources said.

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3 comments:

Tarah said...

The price has, of late, multiplied nearly four-fold on short supply as the last crop in India was less than half the normal output estimated at 2,500 tonnes. Indian demand is estimated at between 13,000 and 15,000 tonnes, said market sources.

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