Clove Leaf Oil
It is a tense market for clove with supply, logistical, and price challenges. There is a heavy demand for cloves but a limited supply of raw materials. Clove flourishes in humid tropical weather. The weather forecast in Indonesia is not conducive to clove production. Potentially, a short or non-existent dry season is predicted, which will impact production, resulting in lower volumes. The current output is limited, and the trend is expected to continue, at least until July 2024. Shipping clove oil is also becoming a challenge. Carriers are refusing to transport clove oil due to its strong odor. All these factors combined have resulted in an increase in an increase in the price of clove derivatives, including clove leaf oil and eugenol.
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