Spices: Cheap imports from Vietnam showcase irrational prices in India

November 23, 2018 at 9:43 AM , Der AUDITOR
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GUJARAT. Exchange rate fluctuations and drought like conditions are raising concerns in India. In addition, the pepper suppliers are demanding …

 

… unrealistic prices, which their customers refuse to pay.

Cumin seeds

An announcement of the government to provide irrigation in Gujarat caused prices to drop at the beginning of the week. In addition, the stronger rupee limited demand from China and Bangladesh. Later in the week, it, however, turned out that the water provided for irrigation is insufficient with many areas in Gujarat suffering from severe shortages of water. The prospects for sowing are anything but promising. Cumin, Grade A, 99% is trading for 2.860 USD/mt FOB.

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