Business Daily from THE HINDU group of publications
Tuesday, Sep 18, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Sep 18, 2007 ePaper |
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Agri-Biz & Commodities
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Spices & Condiments Industry & Economy - Exports & Imports Spices export target raised to $880 m L.N. Revathy Coonoor, Sept. 17 The Spices Board is targeting an export turnover of $880 million this fiscal against $800 million last year. The Board has set a a target of $10 billion exportsby 2017. Addressing a technical session on Commodity Outlook at the 114th UPASI Annual Conference, its Chairman, Mr. V.J. Kurian, said almost 60 per cent of the exports were in value-added form and the imports had not increased in proportion to the exports. CardamomThe Board envisages a drastic fall in the area under cardamom this year. Its export took a beating from 863 tonnes in 2005-06 to 650 tonnes the following year. Between April and July 2007, only 145 tonnes were exported, he said. The average auction price, however, moved upwards from Rs 313/kg last year to over Rs 400/kg this year. The Board has suggested a Special Purpose Fund for replantation and rejuvenation of cardamom on a total outlay of Rs 211.35 cr during the 10th Plan Period. ’The scheme awaits Government approval,’ Mr. Kurian said. PepperPepper is facing a bad time both on the price and productivity front, he said and suggested the need for replanting pepper. Vanilla“It has run into a bit of trouble with the values dipping to an all time low of $20/kg this year compared to $312/kg three years back.” Spices exports increase 36% in value terms Increase in spices imports Spices export crosses Rs 3,000 cr More Stories on : Spices & Condiments | Exports & Imports
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