Clove prices are navigating a period of relative calm, reflecting a delicate equilibrium in global supply and demand conditions. The market was notably steady today, with buyers showing only moderate interest at current price levels. Prices fluctuated minimally around $9.24 per kg, and participants reported that the mood remained cautious. This stability is underpinned by ongoing discussions about international supply availability and constrained trade activity, which have prevented any pronounced price swings despite soft undertones in recent weeks. In key export hubs such as India, both whole and ground cloves are being traded at nearly unchanged levels – demonstrating the market’s resilience even as traders adopt wait-and-see strategies.
Over the short term, no significant disruptions in trade or weather-related crop threats have emerged, supporting expectations for continued price stability. Whether you’re an importer, processor, or end-user, vigilance and flexibility remain vital as subtle shifts in supply from Indonesia, Madagascar, and Tanzania could yet alter the landscape.
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📈 Clove Price Overview
| Product | Origin | Location | Type | Latest Price (EUR/kg) | Last Week (EUR/kg) | Weekly Change | Sentiment |
|---|---|---|---|---|---|---|---|
| Cloves (Whole, Organic) | India | New Delhi (FOB) | Whole | 9.55 | 9.55 | 0.00 | Stable/Cautious |
| Cloves (Ground, Organic) | India | New Delhi (FOB) | Ground | 9.65 | 9.65 | 0.00 | Stable/Cautious |
🌍 Supply & Demand Dynamics
- Global supply remains ample, with no major disruptions reported from top producers (Indonesia, Madagascar, Tanzania).
- Moderation in international buying interest, particularly at lower price bands, is helping to keep prices in a tight range.
- Absence of aggressive stocking or speculative activity has held volatility in check.
- Indian demand is balanced, with processors reporting steady, although unspectacular, offtake.
📊 Fundamentals & Market Drivers
- USDA or major trade agency updates: No new data releases have notably shifted the forward outlook; prior supply forecasts are holding.
- Crop Estimates: Indonesia’s 2024 harvest is reported to be near normal after satisfactory monsoon conditions, while Madagascar and Tanzania also see average to above-average crop expectations.
- Trade Flows: Little disturbance in shipping or port activity; most international orders are being fulfilled without delays.
- Speculative Positioning: Quiet, with the recent sideways trend prompting many traders to adopt a neutral stance.
⛅ Weather Outlook for Key Growing Regions
- Indonesia: Weather stable, with only isolated rainfall events; no significant risk of adverse weather impacting harvest or post-harvest quality in the near term.
- Madagascar: Recent reports indicate seasonal weather patterns holding, with no drought or flood threats currently flagged by meteorologists.
- Tanzania: The main clove regions are experiencing typical dry spells, supporting optimal curing and storage conditions for freshly harvested cloves.
🌐 Global Production & Stock Comparison
| Country | 2024 Prod. Est. (mt) | Stock Levels (mt) | Export Share (%) |
|---|---|---|---|
| Indonesia | 85,000 | 35,000 | 68 |
| Madagascar | 12,000 | 7,500 | 16 |
| Tanzania | 8,000 | 4,000 | 10 |
| India | 1,500 | 1,200 | 2 |
| Others | 2,500 | 1,000 | 4 |
📆 Trading Outlook & Recommendations
- Hold off on aggressive buying or selling: Wait for signals of supply-side disruption or renewed international demand before taking new market positions.
- Monitor weather and logistics updates from Indonesia and Madagascar for any mid-harvest changes.
- If you are a processor or industrial user: Maintain only minimum working inventories as significant price rallies appear unlikely in the very near term.
- Importers: Consider negotiating staggered shipments to hedge against any late-season supply surges.
- Speculators: Neutral bias is warranted as technicals and fundamentals both point to short-term range-bound trading.
📆 3-Day Regional Price Forecast
| Date | Location/Product | Price Forecast (EUR/kg) | Trend |
|---|---|---|---|
| Day 1 | New Delhi/Whole Cloves | 9.55 | Stable |
| Day 2 | New Delhi/Whole Cloves | 9.55 | Stable |
| Day 3 | New Delhi/Whole Cloves | 9.55 | Stable |
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