The global spice market is entering a period of heightened volatility as weather conditions and supply dynamics in key producing countries continue to evolve. Among these, cloves remain one of the most closely watched commodities by international traders and businesses.
The clove market continues to maintain high price levels, with an upward trend showing no signs of slowing down.
Key insights from this week’s report:
🌿 Indonesia: Prolonged unfavorable weather is significantly impacting the crop, with supply expected to decline compared to previous seasons.
🌿 Madagascar: More stable weather is supporting a positive crop outlook.
📈 Market trend: Demand from major markets is showing signs of picking up, especially ahead of key festive seasons. This could continue to drive prices higher in the coming weeks.
💡 Buyers and partners are advised to actively monitor crop developments in key origins and plan their purchasing strategies carefully to mitigate risks related to price volatility and limited availability.
👉 The Namagro team is always ready to provide timely market insights and tailored trade advisory.
📧 Mr. Jasvinder – Jasvinder@namagro.com
📧 Ms. Han – giahan@namagro.com