Spices

Cumin: coronavirus disrupts export activities

March 10, 2020 1:52 PM, Der AUDITOR
Play report as audio

KERMAN. As the coronavirus death toll rises and neighbouring states have closed their borders with Iran trading and exporting has been largely disrupted in the cumin market. The spread of the coronavirus is, however, not the only problem the market is confronted with.

FATF blacklisting has enormous impact

The Financial Action Task Force blacklisted Iran on 23 February, after the country failed to meet requirements. This means that the country has no access to the global financial system as any state having any financial or commercial transactions with Iran will be penalised. Although medicine and agricultural products are excluded from the blacklist and the US sanctions have already rendered financial transactions difficult, market players state that the measures will, nevertheless, pose a major problem. Concerns are being voiced

View related articles

Go to the News Overview
Spices
Sep 30, 2022
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Sep 28, 2022
TEHRAN. Although Iran’s saffron exports slumped between January and August, suppliers are not necessarily sad about this.
Spices
Sep 28, 2022
SABZEVAR. Production stands and falls with the rain for green cumin. Judging by the amounts harvested this year conditions were not quite ideal in Sabzevar County in Iran’s Razavi Khorasan Province. Exports also took an unbelievable turn in August.
Spices
Sep 23, 2022
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.