Over all Clove market is silent.
Price stands range bound at origin countries and also at buying destination
Keeping Indonesia out from the main stream;
India continues to be the leading single largest buyer and importer of Clove from any origin. Whether it is from Madagascar, or Comor, or Zanzibar or Sri Lanka or Indonesia or Brazil - India continues to be the largest single importer.
Of course, Brazil Clove never comes to India because of duty factor.
Indian domestic market is sluggish, and demand is very poor. As local demand is very poor and sluggish, Indian import also is very slow or NIL . Secondly, Origins are not seriously offering, as it is off season
Indonesia crop 2025 is reported to be failure; production is almost 40% less as hearing from islands of Indonesia. Confirmations are yet to come. So this is early report. However, overall report from Indonesia is that, export surplus would be lower compared to previous years.
Comor 2025 season just started. Expected shipment would start by end of June or early July. Price quotation would be available after June 15, 2025. Crop size is reported to be expecting nearly 4000 Mt - a good and more than last 3 years
As we are on the verge of new Clove season starting in all the origins, starting with COMOR in June 2025, let us examine what exactly is the "problems and challenges of CLOVE INDUSTRY: I would say the major factor is the "extensive speculative forward deals" happening without any logic, and the consequent defaults either side, and some times, over supply, and price non-parity.
Clove has become more of an "industrial commodity" than a normal staple or food commodity. And many investors are in the "clove industry" for INVESTMENT TRADING as well.
All the above factors make CLOVE PRICE vulnerable, and supply chain inconsistant. Speculative Stockists and Investment Stockists make the trade totally imbalanced and biased.
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