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Cumin: surprisingly volatile prices

February 12, 2020 8:30 AM, Der AUDITOR
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KERMAN/NEW DELHI. The cumin market has been very volatile in Iran over the last few months. While the black cumin produced in Iran, mainly in Kerman and Sabzevar, is distinguished by its high quality, India offers more competitive prices. Both markets are now, however, confronted with the coronavirus.

Turnaround in Iran

The prices for black cumin tend to be very high in Iran. Limited supplies and high domestic demand prompted the export prices to increase substantially last year. Over the last few months the market has, however, been highly volatile. Not only did exchange rate fluctuations prompt considerable changes in the prices in the export market, but prices also varied widely in the retail and wholesale markets in Kerman and in Sabzevar.

Cumin prices have, in fact, fallen sharply since November. Not only has the Iranian Rial lost 25% in value agains

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