Low production, high export demand ups prices of cumin

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Rajkot, Jan 19 (ANI): Prices of spice cumin have shot up due to less production and high demand in foreign countries, merchants in Gujarat said. Merchants predict a further hike in cumin prices in the coming days as they foresee a sharp drop in production. They said the prices could increase by another 10 percent. The crop was severely affected due to scant rainfall in the western belt of the country. The increase in demand of Indian spice in countries like US, UK and Singapore also led to rise in prices. While consumers are net losers who are forced to pay much higher prices, farmers are happy that the low production has been offset by good prices.

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