New Delhi, 16 July (NNS): currently, the prices of cloves remained stable at the same level. Here, it’s prices held firm at Rs 765/815 per kg. The import of cloves showed up Trend from the international markets like Madagascar and Indonesia, due to this reason, huge amount of stock has been reaching in the domestic markets from the different ports of the country, due to this, the prices have remained under pressure. Recently, use amount of stock has been importing in the recent months, in this situation, huge amount of stock has been lying in the domestic markets. The offtake of cloves reported to be weak as compared to the normal level in the wholesale markets, due to this reason, the traders are not purchasing the new stock at the higher prices. In these circumstances, there is no possibility of long increment in the prices during the coming days.

Leave a Reply

Your email address will not be published.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