Spices export up despite reversals

Written by Commodities Bureau | Kochi, Sep 24 | Updated: Sep 25 2008, 06:03am hrs
Despite exports of pepper, chilli and mint products suffering reversals in the month of August, the cumulative export for the first five months of the current fiscal of 2008-09, recorded an increase of 12% in terms of quantity and 16% in rupee-value. In dollar terms, the increase is 13%.

Total exports during the period of April-August 2008 is estimated as 223,050 tonne valued at Rs 2,265.25 crore ($ 537.30 million) as against 198,985 tonne valued at Rs 1,950.09 crore ($476.45 million). Export of spices like pepper, ginger, nutmeg - mace and mint products have declined in terms of both quantity and value as compared to last year. During April-August 2008, the export of pepper from India has been 11,250 tonne valued at Rs 190.65 crore, as against 15,620 tonne valued at Rs 226.44 crore in 2007-08. Volume has fallen by 28% and value by 16% during the period when compared to the same period of last fiscal. However, the average export price of pepper has gone up from Rs 144.97 per kg in 2007 to Rs 169.47 per kg in 2008.

Meanwhile during the same period, 96,500 tonne of chilli was exported at a value of Rs 509.18 crore. During the same period in the last fiscal, 93,845 tonne of chilli valued at Rs 513.50 crore was shipped from India.

For the five months, chilli exports showed a volume increase of 3% and a drop in value of 1%. Board sources said that traditional buyers of Indian chilli like Malaysia, Indonesia and Sri Lanka continued their buying in the current season. The export of value-added products like curry powder and spice oils, and oleoresins have shown substantial increase, both in terms of quantity and value, sources said.

Crop failure in Syria, Turkey and Iran helped India to achieve an increase of 157% in quantity and 152% in value terms for cumin exports.