Syzygium aromaticum
Native to southeast Asia, clove is mostly cultivated in coastal areas. It requires high humidity and prospers in areas that get an annual rainfall of 130–180 cm. Clove bud oil is extracted by distilling dried flower buds from the tree. The stem and leaves of the tree can also be used to produce oil. The oil thus produced has hues ranging from colourless to light yellow. It is strong, has a spicy aroma, and has a wide selection of applications. There is limited availability of clove and clove bud in the market. But globally, the demand for the product has increased. The price of raw materials has firmed because of this increased demand. The price of clove oil, though, is dependent on price fluctuations in Indonesia. The value of local currency has appreciated steadily over the last few months. It is now holding steady. Due to this, export prices have stabilised at a higher level than last year.
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