Spices exports jump 25% in Q1
Exports stood at $234.53 million during the quarter against $156.63 million during the same period of previous year.
By TNN |
KOCHI: Export of spices increased 25% to 1,11,420 tonnes in the first quarter of the current year. In value terms, the exports increased by 36% to touch Rs 967.30 crore during the quarter.
Exports in dollar terms stood at $234.53 million during the quarter against $156.63 million during the same period of the previous year.
The achievement in the first quarter is 29% of the quantity target of 3,80,000 tonnes for the year. Exports earnings in the first quarter are 27% of the value target of Rs 3,600 crore for the year.
Spices such as pepper, large cardamom, chilli, coriander, fennel, fenugreek and nutmeg and mace performed better than last year. Among the value-added spices, curry powder and spice oils and oleoresins have done better. In the case of mint products, even though there is a marginal decline in the quantity of exports, the value realised has shown significant improvement.
Performance of some of the items like small cardamom, ginger, cumin, celery, garlic and vanilla fell short of last year’s levels.
The appreciation in rupee will have an impact on India’s competitive edge over other producing countries, which may result in a drop in the export of spices and spice products in the coming months.
Exports in dollar terms stood at $234.53 million during the quarter against $156.63 million during the same period of the previous year.
The achievement in the first quarter is 29% of the quantity target of 3,80,000 tonnes for the year. Exports earnings in the first quarter are 27% of the value target of Rs 3,600 crore for the year.
Spices such as pepper, large cardamom, chilli, coriander, fennel, fenugreek and nutmeg and mace performed better than last year. Among the value-added spices, curry powder and spice oils and oleoresins have done better. In the case of mint products, even though there is a marginal decline in the quantity of exports, the value realised has shown significant improvement.
Performance of some of the items like small cardamom, ginger, cumin, celery, garlic and vanilla fell short of last year’s levels.
The appreciation in rupee will have an impact on India’s competitive edge over other producing countries, which may result in a drop in the export of spices and spice products in the coming months.
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