New Delhi, 23 April (NNS): The prices of cloves remained stable at the same level even after the increment in the prices, before this, it’s prices gained by Rs 10 per kg, as a result, the prices of cloves remaining stable at Rs 790/840 per kg. The market sentiments may strong due to the expectations of increment in the prices of import and weak rupee against the American dollar. The prices of cloves showed heavy increment in the domestic markets because of the higher import prices. It is expected that there will be the shortage of stock in the Indian markets due to the lack of stock in the producing stock like Madagascar, Indonesia and Zanzibar, due to this reason, the prices will likely to remain high in the international markets.

Leave a Reply

Your email address will not be published. Required fields are marked *