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Indian spice traders blame cartels for huge price fluctuations

GROWERS and traders of commodities such as pepper and cardamom in India have expressed concerns that markets are being manipulated by cartels, bringing about wild price fluctuations that have no basis in market fundamentals. It was recently noted, for example, that on September 26, 79,000 tonnes of pepper, a similar quantity to the entire year's crop, was traded... Read More

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