Riding on the excellent export performance of mint, chilli and seed spices, India’s spice exports has registered a 41 per cent growth in terms of rupee value during April-December 2013.
The period witnessed a total export of 57,1680 tonnes of spices and spice products valued ₹9,433 crore as against 44,9926 tonnes valued at ₹6,696 crore during April-December 2012. An increase of 27 per cent has been registered, both in terms of volume and dollar value.
The steady growth of spice exports reiterates the unshaken global demand for Indian spices. The conspicuous export performance of mint, chilli, value-added products and seed spices points to a promising future for the Indian spice industry, A Jayathilak, Chairman, Spices Board India told reporters here.
He further added that spice is the only one sector which is recession proof as the eating habits of people globally has not changed during the slowdown period. Central and South America and Africa have emerged as the fastest growing markets for spices as the traditional markets in US and Europe are saturated, he said.
Jayathilak pointed out that 92 per cent of the target in terms of volume and 91 per cent in terms of value set for spice exports during FY 2013-14 has been achieved.
The seed spice basket had registered 78 per cent increase in volume and 89 per cent in value compared with April-December 2012. The total volume of 1,93,625 tonnes seed spices valued at ₹1,906 crore has been exported against 1,09,067 tonnes valued at ₹1,008 crore in the previous year.
Amongst the seed spices, cumin registered a prominent increase of 89 per cent in volume and 83 per cent in value with a total export volume of 96,500 tonnes valued at ₹1,282 crore.
Mint and mint products, which includes mint oils, menthol and menthol crystals, topped the item-wise list, in terms of value, with an export turnover of ₹2,202 crore and 17,850 tonnes in volume. Chilli netted a foreign exchange worth ₹1,846 crore with a total export volume of 2,05,500 tonnes.
Value-added products such as spice oils and oleoresins fetched ₹1,242 crore by exporting 8,665 tonnes. Pepper and cardamom (small) marked an increase of 41 per cent and 23 per cent respectively in value, with a corresponding export volume of 15,350 tonnes and 2,080 tonnes. The exports of pepper and cardamom (small) were valued at ₹651 crore and ₹164 crore respectively.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.