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Increased buying rallies clove prices

GLOBAL clove prices have risen sharply over the last few weeks due to the combined effects of increased demand and fears of a significantly reduced Indonesian crop.

Speculation is rife that global clove supplies could fall short of official estimates.Some analysts believe Indonesia, the world's largest user of the spice, will produce around 17,000 tonnes less than expected, falling well short of the 80,000 tonnes needed to meet it domestic consumption, predominantly as an aromatic...READ MORE

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