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New crops to ease cumin prices

GLOBAL cumin seed prices look set to ease during the second half of the year when supplies of the new Iranian crop come on to the market.

Iranian cumin seed as rallying to $1,550 a tonne cif from around $1,500 a tonne cif a fortnight earlier. However, this increase is seen as short lived because Iran is expected to harvest a crop of between 20,000 and 25,000 tonnes in July...READ MORE

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