New Delhi, 15 October (NNS): The prices of cloves in Indonesia and Madagascar have been ruling at the higher level, due to this, continued buying interest from these origins. Over the past four to five days, importers have largely cleared their lower-priced stocks and are no longer willing to sell at reduced rates. Consequently, the domestic market for Madagascar cloves has strengthened to Rs 955/960 per kg. Traders dealing in overseas trade also have limited stocks this year and have started entering the market as buyers.

Leave a Reply

Your email address will not be published.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