Indian spices exports up in value, volume in Apr-Nov

Written by Commodities Bureau | Kochi | Updated: Dec 30 2008, 06:34am hrs
Export of spices during the April-November period of the current fiscal (2008-09) recorded an increase in volume and value despite a drop in volume of chilli, mint products and pepper. Compared to the corresponding period of the last fiscal, spices exports have shown an increase of 15% in rupee value, 6% in terms of volume and 6% in dollars. According to Spices Board figures, India exported 3,10,830 tonne of spices valued at Rs 3450.50 crore ($786.25 million) during April-November 2008 as against 2,94,335 tonne valued at Rs 3010.25 crore ($742.95 million) in the corresponding period of the last fiscal. Exports of pepper and mint products have declined both in terms of volume and value as compared to last year.

During April-November 2008, 16,850 tonne of pepper has exported at a value of Rs 281.77 crore as against 25,230 tonne valued at Rs 365.36 crore exported last year. Volume has declined by 33% and value by 23% when compared with the performance of the same period last year. Buyers opting for low inventories due to economic recession has been reported to be the major reason for the decline in exports.

Chilli exports declined by 2% in volume during April-November 2008. During the period, India has exported 1, 32,000 tonne of chilli valued at Rs 729.68 crore as against 1, 34,285 tonne valued at Rs 727.84 crore last year.