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Indian clove imports double in 5 years

  • Indian clove imports double in 5 years

    by Market Insider

    Thursday, 10 Mar. 2016

    The Hindu, reports that imports of cloves into India more than doubled in five years, following a continuous decline in domestic production of the spice. In 2010-11, imports were at 7,000 tons against 14,950 tonnes in 2014-15, according to Spices Board sources.
     
    Farmers in Idukki district of Kerala, where it was widely cultivated until about two decades ago, have cut down the trees as the prices turned out to be non-remunerative and shifted to other crops. Besides, it requires more labour for harvesting and that was scarce in the State.
     
    Vagaries of weather were also pointed out as another reason for giving up cloves cultivation, PA Thomas, a former cloves grower in Idukki, told BusinessLine.

    Traders report up country prices at around INR 800/kg (approx. US$ 11.9/kg). However imported material is sold at prices ranging between INR500 to 650/kg (approx. US$ 7.5 - 9.7/kg) depending upon the quality.
     
    India is a net importer of this commodity, with an annual demand ranging between 15,000 and 20,000 tonnes, trade sources claimed. Imports are made from Sri Lanka, Madagascar, Comoros, Zanzibar and Indonesia, they added.
     
    The coming Indonesian crop is estimated at around 60,000 tons and is expected to hit markets next month, they said. Colombo crop is very low, while the crop in Madagascar, Comoros and Zanzibar are good. 
     

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