Spice exports post 31% rise

Kochi, Jan 22 | Updated: Jan 23 2007, 05:30am hrs
Better prices helped spice exports post a 31% rise in value even as there was only a marginal rise in quantity shipped out during the first nine months of this fiscal.

According to Spices Board figures, the performance has been remarkable with around 93% achievement of target fixed for the whole year. Total exports were 2.5 lakh tonne worth Rs 2,335.24 crore compared to 2.5 lakh tonne worth Rs 1,781.8 crore during the same period last year. The quantity target fixed for the fiscal is Rs 3.06 lakh tonne and value Rs 2,500 crore.

The traditional item pepper saw the target of 20,000 tonne achieved while increase of price from Rs 84.34 to Rs 101.77 per kg saw a revenue realisation of Rs 203.53 crore, a 120% rise over the target.

During the same period last year 12,091 tonne worth Rs 101.98 crore was exported. But for small cardamom, garlic and oleoresins all other items improved on value-realisation while garlic, chilli, coriander, celery, fennel, fenugreek and other seeds declined in quantity exported.

Chilli exports decline marginally to 86,000 tonne against 88,261. But a unit value of Rs 51 a kg compared to Rs 34.60 last year helped shipments fetch Rs 440.35 crore when it was Rs 305.38 crore during the same period last year.

Riding on low production in competing countries like Syria and Turkey, cumin exports zoomed 199% in quantity and 194% in value despite a slightly lower unit price of Rs 75.48.

Surpassing the target of 20,000 tonne, exports during the three quarters went up to 22,000 tonne worth Rs 166.05 crore against 7,354 tonne worth Rs 565.3 crore last year. Though vanilla prices fell to Rs 1,629.25 from Rs 2,127, exports were up by 249% to 98 tonne worth Rs 15.93 crore against 28 tonne worth Rs 5.96 crore, a 167% jump. Value-added items like curry powders and pastes and mint products performed better. Against a target of 1,000 tonne of large cardamom, exports touched 900 tonne worth Rs 10.16 crore when it was 657 tonne worth Rs 6.56 crore last year.