Prices for cloves

The figure above shows the price of clove using the origin from Madagascar as a sample to represent the global pricing for the months covering September-December 2020. The price has been fluctuating, with the average price at USD 7.7/KG, the highest price is USD 7.88/KG, and the lowest price is USD 7.56/KG.

And the figure below shows represents the farmgate prices of clove (a bunch of 20) in the three major market regions in Portugal (Douro, Minho, and Ribatejo, and Oeste) last reported in November 2020. The price gradually increased from June until October 2020, but there’s a decline of -8.1% in November 2020. However, the price still increased +35.0% in the last three months (September-November 2020).