Cumin: simply impossible to compete with India

July 15, 2021 at 11:35 AM , Der AUDITOR
Play report as audio

TEHRAN. Iran’s cumin exports slumped by 86% to as little as 198 mt in March-June as compared with last year. Traders state that it is simply impossible to compete with prices in India. This is, however, not the only reason why exports have slumped.

Export value slashed by 91%

Iran exported 198 mt of cumin worth USD 399,000 between 20 March and 20 June. This is an 86% decline on the 1,464 mt exported in the same period last year. In terms of value exports are even 91% down on the USD 4.388 million generated last year. Traders attribute this sharp decline to the increase in supplies in India, which is the leading producer. Iran ranks second as annual production ranges at 10,000 mt and spans an area of around 20,000 ha. For suppliers in Iran, it is simply impossible to compete with the attractive prices on offer

View related articles

Go to the News Overview
Spices
Oct 30, 2024
TEHRAN. Prospects are highly encouraging for the new saffron crop. Iran, however, needs to rethink its policies to reclaim its top position in the international market.
Spices
Oct 25, 2024
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Oct 18, 2024
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Oct 10, 2024
GUJARAT. Weekly monitoring with the latest market information from India on coriander, cumin and turmeric along with chilli, cardamom and black pepper as well as a price list for more than 70 products.