The coup in Syria will spoil the taste of Indians. Vegetables and pulses in Indian kitchen do not taste good without cumin and India is largely dependent on Syria for cumin. Syria is second in cumin production after India. Since the consumption of cumin is not much here, a large part of the total production has been earning money by selling it to other countries. Due to the bad situation in Syria, the production and export of cumin there will be badly affected. This will increase the gap in demand and supply of cumin globally and will set its prices on fire.
The taste of cumin will become bitter
This year in India The annual production figure of cumin has been 90 to 95 lakh bags. Whereas, last year it was 55 to 60 lakh bags. The consumption of cumin in the country is very high, hence the export is very less. But now when there will be a shortage of cumin globally due to Syria crisis, the cumin sellers of India will emphasize on export, because from there they will earn more. Due to this, there will be shortage of cumin in the local market and the prices will increase. In such a situation, cumin can become expensive in the country. This will reduce the arrival of cumin in the kitchen.
Energy cooperation between the two countries will also be affected.
Due to the fall of the Assad government, the energy cooperation between India and Syria Cooperation will also be affected. India had given a loan of $240 million in May 2009 for the Syria Tishreen Thermal Power Plant Extension Project. Similarly, Indian companies have a long involvement in the Syrian oil sector since 2004, which includes two significant investments worth $350 million. ONGC Videsh Limited (OVL) entered Syria in 2004 with a 60 percent stake in Exploration Block-24. Subsequently, OVL along with China National Petroleum Corporation (CNPC) acquired 37 percent stake in Al Furat Petroleum Company (AFPC) in January 2016.
