Prices of Jeera or cumin have fallen 3% in the past couple of weeks in the midst of slowing exports at the back of the commodity prices rising to a record whereas Cardamom prices are ruling the roost on rising demand prior to Diwali Festivity even as arrivals have peaked due to late rains.The fall in Jeera prices is likely to be short-term, as per commodity brokers and exporters, given 10 to 15% stock shortage. The current fluctuation in prices is attributed to profit-booking.The average price of cardamom figures at Rs. ,120/kg on Tuesday, since it covers the production cost for the grower, now calculated at Rs. 800 per kg. October futures were at Rs 1,151.90/kg on the Multi Commodity Exchange on Tuesday evening. However, high prices got impacted shipments to the Gulf. At present, India is selling at USD 18 per kg in the international market.
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