New Delhi, 23 October: The new crop of cloves has been started arriving in Madagascar, but this year, the crop seems weak, due to this reason, the market will likely to remain high. Presently, its prices fell down by Rs 40/50 to Rs 900/910 per kilogram owing to the lack of demand. It is expected that the market may increase after the increment in the demand and bullish news from the international markets. Apart from this, there is a lack of other varieties of cloves rather than Madagascar and the current prices have been ruling at the lower level because its stock is being sold out in the bordering areas of Bengal and its local consumption also reported to be high. The trading activities have been close in West Bengal during the last 3 to 4 days, due to which, the trade of cloves seems unfavourable. Here, the market of cloves Madagascar held strong at Rs 900/910 per kilogram. Similarly, lal pari also been quoted at Rs 940/950 per kilogram.
-
Working: 8.00am - 5.00pm