The Hindu Business Line : Spices export up 28% in April-May

Spices exports were up 28 per cent to Rs 885 crore (Rs 690 crore) during the first two months of the current fiscal. While export volumes grew by 20 per cent to 98,570 tonnes, foreign exchange realisation was up 29 per cent to $215 million, a press release issued here said.

Items such as pepper, chilli, coriander, cumin, celery and other miscellaneous seeds, vanilla, curry powder, mint products, spice oils and oleoresins exports have seen higher volumes and value realisation as compared to last year.

Spice oils and oleoresins, including mint oil, contributed to the most significant component of the export earnings at 35 per cent, followed by chilli which contributed 27 per cent, pepper 11 per cent, cumin 7 per cent and turmeric 4 per cent. However, export of spices such as large cardamom, ginger and fennel have shown a decline in both quantity and value during the period. In the case of small cardamom, turmeric and garlic the export earnings have grown despite a fall in quantity, the press release said.

During April-May 2008 pepper exports was up at 5,750 tonnes valued Rs 94.28 crore (Rs 68.77 crore), chilli exports at 50,000 tonnes valued Rs 240.88 crore (Rs 232.21 crore). Coriander exports were up sharply at 6,750 tonnes valued Rs 41.39 crore (Rs 16.12 crore). Cumin seeds also witnessed a sharp upward surge to 6,500 tonnes valued Rs 63.83 crore (Rs 22.04 crore). Curry powder exports grew by almost 50 per cent to 2,375 tonnes valued Rs 23.77 crore (Rs 15.06 crore). Spice oils and oleoresins exports also grew to 1,500 tonnes valued Rs 139.61 crore (Rs 86.93 crore).

Against the export target of 425,000 tonnes valued Rs 4,350.00 crore set for the current year, the achievement of 98,570 tonnes valued Rs 885.04 crore up to May 2008 is 23 per cent higher in quantity and 21 per cent higher in value realisation over last year.

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