Spices exports head northward

Written by Commodities Bureau | Kochi, Sep 27 | Updated: Sep 28 2007, 05:44am hrs
The countrys spices export for the first five months of the current financial year has shown an impressive increase of 50% in dollar terms to touch $ 421.16 million, as against $ 280.71 million in the same period last year. For the period April-August 2007, India exported 1,87,000 tonne of spices valued at Rs 1725.09 crore as against 1,49,000 tonne valued at Rs 1290.05 crore during the corresponding period of last year. Compared to last year, the export has shown an increase of 26% in terms of quantity and 34% in rupee value.

Spice oils, oleoresins and mint products that accounted for 40% of the total export earnings led the rally. Chilli contributed 28% followed by pepper 11%, cumin 5% and turmeric 4%.

During April-August 2007, the nation exported 12,900 tonne of pepper worth Rs 183.40 crore as against 9,853 tonne worth Rs 81.99 crore last year, showing an increase of 31% in quantity and 124% in value terms. Cardamom exports stood at 495 tonne valued at Rs 5.62 crore as against 294 tonne worth Rs 3.37 crore last year.

For the same period, India exported 88,000 tonne of chilli valued at Rs 487 crore as against 47,249 tonne valued at Rs 225.81 crore last year, registering an increase of 86% in quantity and 116% in value terms. The export of coriander seed has been 10,650 tonne valued at Rs 39.93 crore as against 7,966 tonne worth Rs 29.73 crore last year.