Spices export register 24% increase in first two quarters of fiscal year
KOCHI: Buoyed by surging demand, India's spices export registered 24% increase in volume and 2% rise in value for April-September 2017 from a year ago.
India exported 5,57,525 tonnes of spices and spice products valued at Rs.8,850.53 crore as against 4,50,700 tonnes worth Rs.8700.15 crores in the same period last year.
In dollar terms, India's spices export for the period was pegged at $1373.97 million notching an increase of 6% from a year earlier.
Spices Board Chairman Dr A. Jayathilak said chilli, cumin, turmeric, cardamom, garlic and mint products have been amongst the most demanded Indian spices, meeting the increasing demand for quality spices in global markets. "Moreover, the board's efforts to promote these spices have resulted in an appreciable increase in their exports," he added.
Chilli retained its position as the most demanded spice with exports of 235,000 tonnes amounting to Rs 2,125.90 crores in value registering an increase of 42% in volume.
It was followed by cumin with a total volume of 79,460 tonnes worth Rs.1324.58 crore showing an increase of 16% in volume and 20% in value. Turmeric had an export volume of 59,000 tonnes having a value of Rs 547.63 crore. However, the export of mint products, though 11,280 tonnes in volume, was worth Rs. 1317.40 crore recorded an increase of 4% in volume and 14% in value.
The export of small cardamom, cumin, garlic, asafetida, tamarind and seeds like ajwain, mustard, dill and poppy registered an increase both in volume and value besides value-added products like curry powder and spice oils and oleoresins.