Clove: unlikely to ease - 10 June, 2016

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Clove in the international markets is witnessing an uptrend because of the lower production estimates in Indonesia.
Clove from Janjibar & Madagascar was seen at $11.25 per kilogram while clove from Sri Lanka was at $17.53. Consequently, clove Janjibar held strong at Rs 665 per kilogram. Clove is unlikely to ease in the next 1-2 days.

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