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Spices exports jump 8% in April-December 2015 period

08 Apr 2016 Evaluate

Spices exports jumped by 8% and stood at Rs 11,453.99 crore ($1,770.86 million) in the April-December 2015 period as against Rs 10,580.53 crore in the corresponding period of the previous year, as per data compiled by Spices Exports. This jump is triggered by large shipments of pepper, cardamom and chilli. However, in volume terms, exports showed a decline to 603,885 tonnes in the first nine months of FY16 as compared to 644,269 tonnes in the year-ago period.

The country achieved 82% of its full-year export target of Rs 14,014 crore ($2,260 million), set for the first nine months of FY16. Export of pepper, cardamom, chilli, turmeric, celery, fennel, fenugreek, apart from tamarind, asafoetida and cassia, contributed substantially. Export of value-added products like curry powder and spice oils and oleoresins also increased in volume and value during the period.

On the other hand, the export of cumin during FY16 reduced drastically because of low productivity caused by unfavourable climatic conditions.


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