Due to the limited availability of cargo shipments to Saudi Arabia, the CIF price of clove to the major ports in the country has experienced an increase this week. As a reference, the price to Jeddah is up to USD 5450/MT from its price last week at USD 5300/MT. The demand for clove buds from Saudi has been considerably high in January 2021, but not all of the demand could be fulfilled as the freight-forwarding price has been high.
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