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Key Takeaway
- Market Price Driving Factors: The price of Clove – Cochin is influenced by domestic production, seasonal arrivals, import availability, inventory levels, and demand from spice processors, traders, exporters and food manufacturers. Key factors include domestic and international clove prices, import costs and policies, exchange-rate movements, quality and grade, oil content, bud size, moisture, colour and cleanliness, as well as farmer and trader stockholding patterns. Weather conditions in major producing regions, global supply from origins such as Indonesia, Madagascar and Tanzania, domestic consumption, export demand and transportation costs can further influence market sentiment and contribute to price volatility.
About This Dataset
Clove (Cochin) refers to whole cloves traded in the Cochin market of Kerala and used as a spice, flavouring ingredient and in food-processing applications. The quoted value represents the monthly average domestic market price in ₹/kg and provides an indicative benchmark for clove price trends in the Cochin market.
Methodology
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