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  1. Spices exports seen up 5% by volume in H1 of FY17

Spices exports seen up 5% by volume in H1 of FY17

Boosted by large shipments of nutmeg, mace, cumin and garlic, spices exports from India grew five per cent in volume in the first half of FY17 and rose to R8,415.97 crore during the period, registering a seven per cent increase in value.

By: | Kochi | Published: January 5, 2017 6:05 AM
The total value of exports was R7,892.65 crore during the corresponding period last fiscal year. The total value of exports was R7,892.65 crore during the corresponding period last fiscal year.

Boosted by large shipments of nutmeg, mace, cumin and garlic, spices exports from India grew five per cent in volume in the first half of FY17 and rose to R8,415.97 crore during the period, registering a seven per cent increase in value.

The total value of exports was R7,892.65 crore during the corresponding period last fiscal year.

“Export of spices rose to 4,37,360 tonnes during April–September 2016, compared to 4,14,780 tonnes in the first half of FY16.”

“Chilli became the most exported spice for the April–September 2016 period with the shipment of 1,65,000 tonnes, fetching R2,307.75 crore,” a Spices Board release said on Wednesday.

Garlic exports contributed substantially to the overall growth during the period, after rising 132% in value terms and 55% in quantity, it said.

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The exports of nutmeg and mace grew by 81% in quantity as compared to last year and saw a 69% increase in value, the release said.

Cumin exports rose by 49% to 68,600 tonnes, as compared to 45,894 tonnes during the same period in the previous year.

Turmeric, apart from fennel and celery, also contributed significantly to the total spices exports during April–September 2016.

The export of value-added products like curry powder and paste as well as spice oils and oleoresins also increased during the period, the release added. fe Bureau

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