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Maintaining a healthy growth trajectory for its quality spices in international markets, India exported a record 10.28 lakh tonnes (lt) of spices and spice products valued at ₹17,929.55 crore in 2017-18 as against9.47lt worth ₹17,664.61 crore in FY 2016-17, registering an increase of 8 per cent in volume and one per cent in rupee terms.
Exports of Indian spices maintained an increasing trend during 2017-18, attaining an all-time record in both volume and earnings. Equally heartening was the fact that the total export of spices exceeded the target fixed for 2017-18 both in terms of volume and value, Spices Board Secretary A Jayathilak said.
Innovation in market
“The appreciable increase in exports in 2017-18 was the consequence of innovative market interventions and the emphasis on value added products by the Board to promote Indian Spices globally,” Jayathilak said.
Small cardamom, cumin, garlic, asafoetida and tamarind and seeds like ajwain (Bishop’s weed or carom), mustard, dill seed and poppy seed showed an increase both in volume and value, contributing substantially to spice export basket.
The export of value added products like curry powder/paste, spice oils and oleoresins also increased in volume and value during the period. The export of chilli, coriander, celery, nutmeg and mace registered an increase in terms of volume while the exports of mint products showed an increase in terms of value.
Record high
Export of small cardamom created an all-time record with shipments of a total volume of 5,680 tonnes valued at ₹609.08 crore. Chilli continued to lead Indian spice shipments with exports of 4,43,900 tonnes, fetching an amount of ₹4,256.33 crore.
Chilli was followed by mint products with an export volume of 21,500 tonnes worth ₹3,228.35 crore.
As for value added products, the export of curry powder/paste was 30,150 tonnes, which earned ₹616.20 crore, while in the preceding year the figures were 28,500 tonnes and ₹599.10 crore respectively. A total volume of 17,200 tonnes of spice oils and oleoresins worth ₹2,661.72 crore were also exported.
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