Industry executives said there was a slowdown in production, contrary to the figures projected by the Rubber Board.
Slump due to erratic weather patterns, general neglect of crop.
India exports around Rs 18,000 crore worth of spices every year.
Tea companies reckon that unless the prices pick up, the industry will be in dire straits.
India is currently the largest consumer of cashew globally at over 300,000 tonnes annually.
Jeera is the second largest exported spice from India earning Rs 2,000 crore annually.
As per reports by Globefish, the FAO information and analysis wing of fisheries and aquaculture, India and Ecuador are two top shrimp producers in the world.
Rubber Board has projected a 17 per cent drop in import year-on-year to 415,000 tonne for FY20.
Growers reckon the production is likely to be below 10,000 tonnes.
When the harvest of the new crop begins in December, the prices are expected to fall further.
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