Spice Exports Dip In H1

Kochi, Nov 9: | Updated: Nov 10 2003, 05:30am hrs
Spice exports from the country during the first half of this fiscal declined by 17 per cent in quantity terms. In rupee terms there was a six per cent fall.

Spices Board chairman CJ Jose told FE that the situation was expected to improve. With an export target of 251,030 tonne valued at Rs 1,900 crore ($393 million) for the whole year, the achievement of 1,04,302 tonne valued at Rs 820.52 crore ($176.44 million) up to September was 42 per cent in quantity, 43 per cent in rupee terms and 45 per cent in dollar terms. During the same period last year, spice exports were to the tune of 1,25,131 tonne worth Rs 868 crore ($178.1 million).

World Spice Congress in Hyderabad
Our Commodities Bureau

Kochi, Nov 9: Flavours and beyond would be the theme for the next world spice congress to be held in Hyderabad from January 29 to 31. Major retail chains from all over the world are expected at the
Attempts were also being made to bring in regulatory agencies from outside so that producers would get to interact with them and learn about the regulations and norms abroad.
Andhra Pradesh Chief Minister Chandrababu Naidu is expected to
inaugurate the congress and Union commerce minister Arun Jaitely will address it.

Spice oils and oleoresins, including mint products, have contributed 41 per cent of the total exports, followed by chilli at 15 and pepper at nine. Export of pepper, ginger, coriander, clelery, fennel, garlic, nutmeg, vanilla, curry powder and spice oils and oleoresins were higher in terms of quantity and value compared to last year. The export of other spices, mainly chilli, was down though turmeric showed a slight increase in terms of value only.

Chilli exports fell from 43,750 tonnes valued at Rs 153.29 crore to 28,250 tonnes at Rs 125.5 crore. Indications of export picking up with the season just starting were showing, though Indian varieties were slightly priced higher. During September alone, 8,000 tonnes worth Rs 28 crore were exported compared to 4,000 tonnes worth Rs 18 crore during last September. During the first half, imports too declined from 49,073 tonnes valued at Rs 304.71 crore ($52.36 million) to 42,955 tonnes worth Rs 207.04 crore ($44.51 million). Import of pepper, cardamom (small), poppy seed, garlic and cassia declined significantly. However, there was an increase in the import of ginger, turmeric, coriander and cumin.