Spices export jumps by 19%
Published on: June 30, 2008 at 12:30
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KOCHI: Spices export is witnessing a surge in India with the shipments expected to touch $1.2 billion (Rs 5,100 crore) in 2008-09 (Apr-Mar).
According to Spices Board, the target for 2008-09 is 450,000-460,000 tonnes in volume terms. In 2007-08, India exported 445,250 tonnes of spices, up 19 per cent.
In value terms, exports rose 39 per cent to $1.10 billion (Rs 4,700 crore).
This year the board expects spices exports to grow, and chilli, cumin seed, coriander seed, and turmeric are likely to do well.
Exports of these commodities are likely to go up due to lower output in other exporting nations, and strong demand globally.
Cumin seed output in Syria is facing problems due to unfavourable climatic conditions. This will help Indian exports.
Coriander crop output in Bulgaria and Romania is also expected to be lower due to drought. Chilli crop output in China is expected to fall due to decline in acreage, while in Pakistan the crop has been affected due to unfavourable climate.
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