2 May , 2018
Spices exports recorded 20% rise in volumes and 4% in value for nine months to December 2017 from a year ago.
India exported 797,145 tonnes valued at Rs 13167.89 crore for the period. In dollar terms, spices exports were pegged at $2041.23 million as compared with $ 1880.02 million, notching an increase of 9% in value.
“India has been able to sustain the demand for its trademark spices in international markets in the face of stiff competition and stringent food safety regulations that now define the international commodity trade,” said Spices Board chairman A. Jayathilak.
He noted that exports of spices like chilli showed a decrease in value despite increase in export volumes. “This has happened because of volatility in international spices trade. The fact is Indian spices have become a trusted global brand, but there is an imperative need to give a huge impetus to value added products and sustain their quality and flavour.”
Chilli was the largest exported spice at 353,400 tonnes, Cumin was the second-most exported spice, recording an increase of 15% in volume and 19% in value.
Small cardamom registered maximum export growth both in terms of value and volume during the period with an increase of 44% in volume and 53% in value from last year. Garlic has also contributed substantially recording 92% rise in quantity and 30% increase in value at 37830 tonnes.
Other big gainers included mint products, curry powder and spice oils and oleoresins.