Spice Exports Witness Increase

Spice Exports Witness IncreaseSpice exports from the country have increased both in terms of quantum and value during April-November period of this fiscal. It increased 15 per cent in rupee value and 6 per cent in quantity as compared to the same period of last year.

According to the data of Spice board in Kochi, spice oils and oleoresins, including mint products, contributed 42 per cent of the total export earnings while Chilli contributed 21 per cent, cumin 8 per cent, pepper 8 per cent and turmeric 5 per cent.

About 2,94,335 tonnes of spices worth Rs 3,010.25 crore ($742.95 million) were exported last year while 3,10,830 tonnes of spices worth Rs 3,450.50 crore ($786.25 million) were exported in the current fiscal.

Malaysia, Indonesia and Sri Lanka continued to import Indian Chilli for the current fiscal. Reports of low output and high quality helped to increase the demand of chilli in the market.

Total of 9,500 tonnes of curry powder and masala worth Rs 110.15 crore was exported in the current fiscal.

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