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India’s exports of spices increase 8% to 10.28 lakh tonnes in FY18

29 Jun 2018 Evaluate

India’s exports of spices stood at 10,28,060 tonnes in 2017-18 as compared to 9,47,790 tonnes exported in the 2016-17, registering a growth of 8%. According to the Spices Board data, in rupee terms, exports increased marginally by 1% to Rs 17,929.55 crore during the period under review as against Rs 17,664.61 crore in the last year. Besides, in dollar terms, exports of spices stood at $2,781.46 million, up 5% from the 2016-17 fiscal.

Spices Board Secretary A Jayathilak said that 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. He added that the increase in exports was because of innovative market interventions and the emphasis on value added products by the board to promote Indian Spices globally.

As per the data, the export of small cardamom touched an all-time record with shipments of 5,680 tonnes valued at Rs 609.08 crore as against 3,850 tonnes worth Rs 421.50 crore in the previous fiscal. Chilli exports stood at 4,43,900 tonnes worth Rs 4,256.33 crore, as compared to 4,00,250 tonnes worth Rs 5,070.75 crore in 2016-17. The decline in value terms was due to volatility in prices of chilli in international markets. The exports of mint products were 21,500 tonnes worth Rs 3,228.35 crore as against 22,300 tonnes valued at Rs 2,527.50 crore.

During 2017-18, 1,43,670 tonnes of cumin valued at Rs 2,418 crore was exported as against 1,19,000 tonnes worth Rs 1,963.20 crore in the previous fiscal, registering an increase of 21% in volume and 23% in value. Garlic, with an export of 46,980 tonnes, fetched Rs 309.36 crore as compared to 32,200 tonnes valued at Rs 307.12 crore in FY 2016-17. As for value added products, the export of curry powder/ paste was 30,150 tonnes with an earning of Rs 616.20 crore. During the review period, a total volume of 17,200 tonnes of spice oils and oleoresins worth Rs 2,661.72 crore were exported.

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