What are the key factors that determine the prices of clove?

- Production Capacity

The production capacity of the major producing countries is essential to ensure the clove’s price stability.

- Production Cost

Production cost can have a direct impact on the price of clove. The production cost is usually associated with labor cost, transportation, and land maintenance.

- Market Demand

Demand can come from all aspects where clove as main ingredients are needed, such as the food industry, cigarette industry, cosmetics, and pharmacy.

- Political Stability and Government Regulation

Different government policies can affect the price of clove. This revolves around export regulation and internal support and initiative to leverage the production.