Coir export surges

Written by Commodities Bureau | Kochi, Oct 22 | Updated: Oct 23 2008, 05:49am hrs
Coir exports have increased in volume and value during the first half of the current fiscal (2008-09). During the six months (April-September 2008), exports increased by 5.75% in volume and 9.76% in value, when compared to the performance of the first half of 2007-08.

However, exports for September registered a fall in volume by 16.7% and in value terms by 9.76%.

The country exported 97,137 tonne of coir and coir products valued at Rs 310.22 crore during the current fiscal, as against 91,852 tonne valued at Rs 288.02 crore during the first half of 2007-08. India exported 1,87,566 tonne of coir products in fiscal 2007-08 valued at Rs 592.88 crore.

Coir exports have suffered due to the slowdown in European and the US economies and are reporting a decline in the past few months. With the Indian rupee weakening against the dollar, exporters see an opportunity in pruning the rates and regaining the losses.

Coir rugs and carpets exports have seen volume and value drop by 89% and 85%,respectively, during the current fiscal, while curled coir has decreased by 82% in volume.

Rubberised coir, coir pith and coir fibre have recorded increase in volume and value during the period.