Spices export up by 32%, chilly and cumin main contributors
Updated: Jan 28, 2014 05:52:29pm
New Delhi, Jan 28 (KNN) Following increased demand for Indian spices in the international market, India's Spices exports increased to USD 1,396.51 million during April-November 2013, registering a 28 per cent increase in volume, 46 per cent in rupee terms and 32 per cent in dollar terms compared to April-November 2012.
"Increased demand for Indian spices in the international arena is a testimony to their nonpareil quality and escalating faith in their sustainability," Chairman, Spices Board India, A Jayathilak said in a statement.
In terms of US dollar value, spices exports rose by 32 per cent in the first eight months of the current fiscal while in rupee term the jump was 46 per cent. This was due to a sharp depreciation in the value of rupee.
Volume of spices exports rose by 28 per cent in April-November period year-on-year.
The exported quantity of spices jumped to 5,08,555 metric tonne (MT) in April-November 2013 from 3,98,000 MT recorded in the same period in the previous year.
The mint basket with products such as mint oils, menthol and menthol crystals rule the roost with an export of 15,850 MT which earned a sum of Rs 1975.17 crore.
It showed an increase of 129 per cent in volume and 62 per cent in value when compared to the export of 6,916 MT during the same period in the previous year, which fetched Rs 1,222.99 crores.
Pepper and Turmeric have asserted their prominent position in the spices export arena with an export value of Rs 572.26 crore and Rs 408.28 crore respectively.
Coriander, during the period recorded Rs 235.57 crore enjoying a 119 percentage increase in value.
Small Cardamom, popularly known as 'The Queen of Spices', accounted for 1805 MT valued at Rs 144.35 crore.
Fennel showed great promise with exports of 13,100 MT in volume, valued at Rs 116.40 crore.
Jayathilak also said the future of spices trade looks promising and secure with the current trend that has surpassed the export figures for the corresponding period in the previous year. (KNN/SD)
"Increased demand for Indian spices in the international arena is a testimony to their nonpareil quality and escalating faith in their sustainability," Chairman, Spices Board India, A Jayathilak said in a statement.
In terms of US dollar value, spices exports rose by 32 per cent in the first eight months of the current fiscal while in rupee term the jump was 46 per cent. This was due to a sharp depreciation in the value of rupee.
Volume of spices exports rose by 28 per cent in April-November period year-on-year.
The exported quantity of spices jumped to 5,08,555 metric tonne (MT) in April-November 2013 from 3,98,000 MT recorded in the same period in the previous year.
The mint basket with products such as mint oils, menthol and menthol crystals rule the roost with an export of 15,850 MT which earned a sum of Rs 1975.17 crore.
It showed an increase of 129 per cent in volume and 62 per cent in value when compared to the export of 6,916 MT during the same period in the previous year, which fetched Rs 1,222.99 crores.
Pepper and Turmeric have asserted their prominent position in the spices export arena with an export value of Rs 572.26 crore and Rs 408.28 crore respectively.
Coriander, during the period recorded Rs 235.57 crore enjoying a 119 percentage increase in value.
Small Cardamom, popularly known as 'The Queen of Spices', accounted for 1805 MT valued at Rs 144.35 crore.
Fennel showed great promise with exports of 13,100 MT in volume, valued at Rs 116.40 crore.
Jayathilak also said the future of spices trade looks promising and secure with the current trend that has surpassed the export figures for the corresponding period in the previous year. (KNN/SD)
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