• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

P.S. Sundar

Coonoor, Aug 7

If exporters follow the targets set by the Spices Board, they may find themselves exporting an overall lower volume and pocketing a lower earning by March 2009 compared to March 2008.

In 2006-07, India exported 3,73,750 tonnes of spices worth Rs 3,576 crore.

So, for 2007-08, the Board fixed a higher target to export 3.8 lakh tonnes worth Rs 3,600 crore.

But, the actual performance was far higher – 117 per cent of the targeted volume and 123 per cent of the targeted value – to peak to 4,44,250 tonnes worth Rs 4,436 crore.

Still, the Board has fixed a lower target for 2008-09 – to export 4.25 lakh tonnes of spices worth Rs 4,350 crore. If exporters reach this, India would have shipped about 20,000 tonnes lower than last fiscal and earned Rs 86 crore less. In dollar terms, the target is to earn $1,025 million against $1,102 million earned last fiscal.

For some spices, however, the targets are more than last fiscal’s actual performance. The highest value of Rs 1,300 crore is targeted from mint products with an export volume of 21,500 tonnes. Last year, they gave Rs 1,281 crore from 21,100 tonnes. Chilli is targeted to bring in the second highest revenue of Rs 1,000 crore from a shipment of 1.9 lakh tonnes. But, last fiscal, chilli earned Rs 1,098 crore from 2.09 lakh tonnes.

Pepper export target is 35,000 tonnes valued at Rs 520 crore, same as last fiscal’s actual achievement.

Small cardamom target is to export 550 tonnes worth Rs 25 crore against last fiscal actuals of 500 tonnes worth Rs 24.75 crore. Large cardamom export target is 1,300 tonnes (1,325) worth Rs 15 crore (same).

In the first two months of current fiscal, overall exports totalled 98,570 tonnes worth Rs 885 crore.

More Stories on : Spices & Condiments | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line