Pepper, mint exports down in H1

Written by Commodities Bureau | Kochi, Oct 21 | Updated: Oct 23 2008, 05:24am hrs
Exports of spices are likely to witness a slowdown with major commodities like pepper and mint products recording a negative growth for the first half of the current fiscal (2008-09), while chilli exports declined. Chilli, mint products and pepper contribute more than 50% of the Indias spices exports.

During the first six months of the current fiscal, pepper exports fell by 33% in volume and 23% in value, when compared to the first six months of the last fiscal.

Revenue from exports for the six months stands at Rs 215.70 crore on a volume of 12,750 tonne. The performance stands at 36% of the volume target and 41% value target fixed by the board for the entire fiscal.

During 2007-08, India exported 35,000 tonne of pepper valued at Rs 519.50 crore, which is higher by 22% in volume and 70% in value when compared to the previous fiscal. Traders fear that the supply shortage in India could see exports falling further in the later half of the year.

Lesser global demand for export of mint products has resulted in exports for the six months having decreased by 18% in volume and 9% in value. India exported 9,550 tonne of mint products valued at Rs 659.9 crore during April-September 2008-09, as against 11,600 tonne valued at Rs 724.9 crore in the previous year.

Last fiscal, India exported 21,000 tonne valued at Rs 1,280 crore.