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Cumin: India loses market shares to Iran

May 20, 2021 2:45 PM, Der AUDITOR
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TEHRAN. Competitive prices have prompted a sharp rise in green cumin exports in Iran. As average export prices are 30% down suppliers can easily compete with their colleagues in India. Much will, however, depend on political developments in the next few months as the lifting of US sanctions and the return of the US to the nuclear deal are crucial to exports.

Price cut triggers sharp rise in exports

Iran exported 9,638 mt of green cumin worth USD 24.466 million between 20 March 2020 and 21 March 2021. This is 236% up on the export volume of 2,869 mt and 130% up on the export value of USD 10.620 million in the same period in 2019/2020. The rise is driven by a decline in export prices. While average export prices still ranged at USD 3.70/kg in 2019/2020, they declined sharply by 31.3% to USD 2.54/kg in 2020/2021.

As prices remained stable in the domestic market in 2020/2021 and the price of foreign currencies incre

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