Coronavirus outbreak to hit India's cumin, sesame, groundnut oil exports

Chinese markets typically remain closed in January for Chinese New Year. This year, however, markets are yet to reopen amid precautionary measures in in view of the outbreak of coronavirus from Wuhan

With Chinese markets remaining closed amid the coronavirus outbreak, commodity exports from Gujarat, especially those of cumins, sesame seeds and groundnut oil, could take a 10-15 per cent hit over the next two months or so.

According to traders and exporters, China accounts for 20 per cent to 30 per cent of India’s export of some key commodities. Each of these could fall by 10-15 per cent if the current situation prevails.

Chinese markets typically remain closed in January for Chinese Lunar New Year holidays. This year, however, markets are yet to reopen amid precautionary measures in in view of