COCHIN, JUNE 28:“India, the largest exporter, producer and consumer of spices is marching towards its goal of $ 3 billion by 2017. But now in 2012, it has already crossed the $ 2 billion mark”, said the Spices Board India Chairman, Dr. A Jayathilak IAS. With over 90 percent of spices consumed domestically, India retains its supreme position as the global hub of spices and it is no surprise package that the meagre 10 percent of the spice cultivated reaches to almost 50 percent of the world production of spices.
From the review of export performance of spices from India, the export registered an all time high in terms of both quantity and value. The present statistics shows an alarming rise in the export and it has crossed the mark of $ 2 billion. The financial year 2011-2012 saw a total of 5,75,270 MT of spices and spice products with a value of Rs. 9783.42 crore being exported from the country as against 5,25,750 MT valued at Rs 6840.70 crore in the financial year 2010-11. There was an increase of 9 percent in volume and 43 percent in value in rupee terms, and 36 percent increase in dollar terms over the previous year.
Chilli with 241000 MT worth Rs 2144.08 crore topped the chart of spices exported from India in quantity terms. Although there was only a slight increase in terms of quantity when compared to the previous year (240,000 MT), there was a massive increase (40 percent) in value terms (Rs 1535.54 crore). Mint products (mint oils, menthol and menthol crystal) topped the chart with Rs 2223.72 crore in value terms (14,750 MT). Next in the list is spice oils and oleoresins valued at Rs 1304.38 crore with 7265 MT being exported. There was a decrease in quantity when compared to the previous year but the value increased almost 43 percent when compared to the previous year. Turmeric (79,500 MT valued at Rs 734.34 crore), Cumin (45,500 MT valued at Rs 644.42 crore), Coriander (28,100 MT valued at Rs 164.01 crore), Pepper (26,700 MT valued at Rs 878.13 crore), Ginger (21,550 MT valued at Rs 204.20 crore) continue to be the topmost when it comes to the quantity exported.
Small cardamom showed an increase of 296 percent in volume and 175 percent in value in the export figures which is an all time record in the export of cardamom from the country (4650 MT valued at Rs 363.22 crore) when compared to the financial year 2010-11 where it was just 1175 MT at Rs 132.16 crore. There was also a rise in the quantity of large cardamom when it reached 935 MT at Rs 68.30 crore from 775 MT at Rs 44.62 crore. In the case of fenugreek 21800 MT valued at Rs 72.75 crore showing a rise from 18500 MT at Rs 65.48 crore when compared to 2010-11. For fennel there was an increase in both quantity and value, 8100 MT at Rs 72.09 crore from the previous. Nutmeg and mace showed a tremendous increase in value which touched Rs 240.97 crore which was Rs 97.76 crore in 2010-11. In terms of quantity it increased to 3,620 MT.
Coriander, Celery and Garlic showed a decrease trend in both quantity and value. From 40,500 MT valued at Rs 16,6.63 crore during the 2010-2011 it reduced to 28,100 MT at Rs 164.01 crore. Celery showed a marginal fall to 3650 MT (Rs 23.40 crore). For garlic the decrease was quite big when 17,300 MT reached 2,200 MT during the current financial year. In case of other seeds and other spices there was an increase in terms of both quantity and value. In the case of value added products 17000 MT of Curry powder/pastes valued at Rs 252.08 crore was exported during 2011-2012
When it comes to major countries which imports Indian spices for the financial year 2011-12, USA comes first in value terms, followed by China and UAE. In terms of quantity, UAE, Malaysia and Sri Lanka enjoy the top positions. In the zone-wise export of spices from India, East-Asia comes first with 282624 MT valued at Rs 3845.92 crore.
About Spices Board:
Spices Board, the nodal organization under the Ministry of Commerce and Industry, Government of India, helps in the development and worldwide promotion of Indian spices. Established in 1987, with the merging of Spices Export Promotion Council and Cardamom Board, Spices Board acts as a link between the importers and exporters abroad. It has been involved in various activities which touch upon every segment of the spices sector. Spices Board has also been involved in various multi faceted activities which include the promotion of exports of spices and spice products, maintenance and monitoring of quality of exports, development and implementation of better production methods, guidance to farmers, provision of financial and material support to growers, encouraging organic production and export of spices, facilitating infrastructure, registration and licensing of all spice exporters, assistance for studies and research on better processing practices, foolproof quality management systems, improved grading methods and effective packaging techniques. Spices Board also publishes magazines like Spice India to make people, and other beneficiaries aware of the Board and its activities.
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