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NUTMEG oil prices have surged nearly 30% since this time last year, with the precarious supply situation suggesting that end users should take cover where possible.

Price of nutmeg oil have risen to around $84 per kg on a spot basis from Indonesia this month, up dramatically from the $65 per kg seen in August of 2009 and even more from the price of $55 per kg in August 2008…READ MORE

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