Question

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NEED ANSWER ASAP / NEEDS TO BE ORIGINAL SOURCE NEVER USED BEFORE.

PLEASE PROVIDE A 1-2 page summary

Of a spices product summary of Coriander, Chilli, Turmeric, & Cumin. ( can be related to either or all, market strategy, competitive nature in market place, business concept strategy, ,how it affects community around it ,ect.)

PLEASE ANSWER AS THROUGHLY AS POSSIBLE

COPY AND PASTE ANSWER NOT ATTACHMENT

NEW ANSWER NEVER USED BEFORE ORIGINAL SOURCE

Answer 1

All of the spices mentioned above, including Coriander, Chilli, Turmeric, and Cumin have two main market strategies Import and Export. Here's a brief overview of the import and export business of the spices mentioned above.

	Largest Producer	Largest Exporter	Largest Importer	Current Market Price per Kilo Gram	Production Volume	Export Value
Coriander	India	Russia	India	3.6$	1.19 Million Tonnes	170 Million $
Chilli	China	Mexico	United States	2.0$	75 Million Tonnes	6 Billion $
Turmeric	India	India	United States	3.2$		280 Million $
Cumin	India	India	United States	2.1$		274 Million $

Source : TRIDGE

Both the domestic and import market are largely controlled by wholesalers and retailers.

Here are the various stages or the market strategy that players in the spice market operate within

Stage 1 Farm	Stage 2 Distribution	Stage 3 Sale
Local Farmer > Local Market > Local Wholesaler > Local Retailer	National Wholesaler > National Retailers > Distributors	Exports > Distributors > Wholesalers > Retailers > Smaller Retailer

The farmers are an extremely important factor in this equation. The prices of spices largely depends on the number of rains received that year, the quality of the crop or the product, the price of fertiliser, land, labour and machinery, the economic climate of the country where the spices were manufactured such as the amount of qualitative easing that the country went through which determines the amount of debt and the interest rate at which farmers could borrow money. The community that grows spices are largely farmers from the unorganized sector. If effects the community by creating employment, allowing them to earn a living wage in areas where there isn't a lot of commerce or industry.