Thursday, May 24, 2018
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

INGREDIENTS AND FLAVOURS

Spices exports up 20%; expand to Rs 13,167.89 crore during April-Dec ‘17
Wednesday, 25 April, 2018, 08 : 00 AM [IST]
Our Bureau, New Delhi
Asserting their prominence and sustained demand in international markets, Indian spices and spice products surged to an appreciable export growth worth Rs 13,167.89 crore and a volume of 797,145 tonne during April-December 2017 as against 663,247 tonne valued at Rs 12607.46 crore in the corresponding period of 2016, registering an increase of 20% in volume and 4% in rupee terms.

In dollar terms, spices exports were pegged at US$2041.23 million as compared to US$1880.02 million, notching an increase of nine per cent in value.  

Large shipments of small cardamom, known as the ‘Queen of Spices,’ cumin, garlic, asafoetida, tamarind and other seeds (ajwain or Bishop's weed, mustard, dill and poppy seed) propelled an increase both in volume and value, thus contributing substantially to spice export basket and earning precious forex for the country.
The export of value-added products like curry powder, mint products, spice oils and oleoresins also increased in volume and value while the export of chilli, coriander, fennel and nutmeg and mace registered an increase in terms of volume only.

“India has been able to sustain the demand for its trademark spices in international markets in the face of stiff competition and stringent food safety regulations that now define the international commodity trade,” said Spices Board chairman Dr A Jayathilak.

He noted that exports of spices like chilli showed a decrease in value despite increase in export volumes. “This has happened because of volatility in international spices trade. The fact is Indian spices have become a trusted global brand, but there is an imperative need to give a huge impetus to value- added products and sustain their quality and flavour.”

By exporting 353,400 tonne, chilli earned Rs 3241.83 crore in April-December 2017 as against 260,250 tonne and Rs 3460.83 crore, respectively during the same period in 2016.

Cumin was the second-most exported spice, recording an increase of 15% in volume and 19% in value. A total volume of 104,260 tonne of cumin fetched Rs 1761.70 crore as against Rs 1480.79 crore and 91,024 tonne.

But it was small cardamom that registered maximum export growth both in terms of value and volume during the period. A total of 4,180 tonne of this spice, valued at Rs 456.01 crore, was exported during April-December 2017 as against 2,910 tonne worth Rs 297.80 crore during the corresponding period in 2016, registering an increase of 44% in volume and 53% in value.

Mint products accounted for 16,500 tonne in volume and Rs 2220.36 crore in value as compared to 14,850 tonne and Rs 1645.55 crore in 2016, registering an increase of 11% in volume and 35% in value, respectively.

Garlic also chipped in substantially with a total volume of 37,830 tonne valued at Rs 255.58 crore as against 19,729 tonne and Rs 196.06 crore, respectively in the first three quarters of FY 2016-17, registering an increase of 92% in volume and 30% in value.

As for value-added products, the export of curry powder/paste was 25,200 tonne worth Rs 517.52 crore as against 23,027 tonne valued at Rs 468.35 crore, registering an increase of 9% in volume and 10% in value.

During the period, 12,700 tonne of spice oils and oleoresins valued Rs 1873.22 crore were exported as against 9,251 tonne and Rs 1695.17 crore, respectively in April-December 2016, marking an increase of 37% in volume and 11% in value.
 
Print Article Back FNB News Twitter
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
 

 
 
Food and Beverage News ePaper
 
 
 
 
 
FiA2018_Webbanner150x60
 
VF118_Banner_150x60_E_D2
 
VFE18-banner-150x60
 
Advertise Here
 
 
Interview
“Bottlewash ensures cleaning of returnable bottles”
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
Advertise Here
 
Advertise Here
 
Recipe for Success
"Adaptability to Indian conditions made us look at capers," says Arakal
Past News...



Home | About Us | Contact Us | Feedback | Disclaimer
Copyright © Food And Beverage News. All rights reserved.
Designed & Maintained by Saffron Media Pvt Ltd