Clove Prices Remain Stable in Key Markets

Mumbai, July 4 (CommoditiesControl): Clove prices in the Kottayam market have remained stable over the last fortnight. Prices per kilogram ranged from Rs 890-920 for Comoros, Rs 910-930 for Madagascar, and Rs 900-930 for Sri Lankan origin. Domestic clove prices in Kottayam ranged from Rs 1,020 to Rs 1,040 per kilogram.

In Shimoga, the price range for a kilogram of cloves has remained unchanged since the previous session, standing at Rs 1,040 to Rs 1,060. Clove stems in Kottayam are priced at Rs 130 per kilogram, the same as in the previous session.

The stability in clove prices indicates a balanced supply and demand situation in the market. Traders and consumers can expect prices to remain consistent in the short term unless significant changes occur in supply or demand.