Tuesday, June 25, 2024
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

You can get e-magazine links on WhatsApp. Click here

POLICY & REGULATIONS

Masala row: Govt to do comprehensive analysis of spice products
Friday, 03 May, 2024, 08 : 00 AM [IST]
Ashwani Maindola, New Delhi
Concerned over the alleged findings of contaminants in two Indian masala products in Hong Kong and Singapore, the Union Government has decided to do a comprehensive analysis of spice products across India.

Although, the national food regulator, FSSAI already swung into action and ordered the analysis, according to reports, the Government wants to clear the clouds of uncertainty over spice trade.

The Government appeared concerned about the impact on spice trade of India which is approximately USD700 million and after the initial reports from Singapore and Hong Kong, now many other countries including Australia and New Zealand have flagged same concerns about quality of Indian spices.

Meanwhile, in an assessment report by Global Trade Research Initiative, an economic think tank, over half of the spice export is at risk due to the cascading impact of this controversy.

"The potential repercussions could affect exports valued at $2.17 billion, representing 51.1% of India's global spice export," reads the report.

The report also suggests that India needs to address the quality issues with urgency and transparency.

According to the report, in fiscal year 2024, India's spice exports totaled $4.25 billion, accounting for a 12% share of the global spice exports.

The major spices exported from India included chilli powder, which topped the list with $1.3 billion in exports, followed by cumin at $550 million, turmeric at $220 million, cardamom at $130 million, mixed spices at $110 million, and spice oils and oleoresins at $1 billion.

Other notable exports were asafoetida, saffron, anise, nutmeg, mace, clove, and cinnamon.
 
Print Article Back
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
   
Captcha :
 

 
 
 
 
 
 
Food and Beverage News ePaper
 
 
Interview
“Our gross system sales are beyond Rs 150 cr”
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
 
Subscribe Now
 
 
Recipe for Success
Her expertise lies in storytelling through each dish
Past News...



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