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Spices export jumps 49% in April 2012

19 Jul 2012 Evaluate

The Spices exports in the month of April 2012 stood at 58,685 tonnes, a jump of 49% as compared with 39,396 tonnes in the same period a year ago. Strong overseas sales of cardamom, chilli and garlic have led to the rise in the export front in the first month of the on-going 2012-13 financial year.

As per the data compiled by Spices Board, for the month of April, the overseas sales of cardamom (large) has more than tripled to 100 tonnes from a year ago period while chilli sales too have more than doubled to 30,000 tonnes. Similarly, cumin shipments rose 6% to 2,500 tonnes while turmeric edged up 1% to 7,300 tonnes. Also, exports of spice oils & oleoresins rose 23% to 600 tonnes in April.

On the other hand, pepper exports, dropped 47% to 1,200 tonnes as it was offered at a premium to its competitors in the international market. For FY 2012-13, the Spices Board has set a target to export 566,000 tonnes of spices up from 500,000 tonnes last year.