Spices exports from India rose nine per cent in volume in 2011-12, at 575,720 tonnes, against 525,750 tonnes in the previous financial year. Total export earnings were up 43 per cent at Rs 9,783 crore compared to Rs 6,841 crore earlier; in dollar terms, up six per cent, according to the Spices Board.
The target set by the Board for the year was 500,000 tonnes and the achievement 113 per cent in terms of volume, 143 per cent in terms of rupee value and 137 per cent in terms of dollars.
Cardamom, the ‘queen of spices’, is inching to regain its lost position in international trade, fetching more value and volume; contributing to the upswing in spices’ exports crossing the $2-billion mark said, A Jayathilak, chairman, of the Board. Its export saw a phenomenal growth of 296 per cent in volume and 175 per cent in value.
The unprecedented rise in export of cardamom and sharp rise in the value of chilli exports have contributed to the all-time high achievement. Cardamom exports totalled 4,650 tonnes, valued at Rs 363 crore. The UAE, the UK, Pakistan and Kuwait remained the major importers. Chilli export rose 40 per cent in value compared to the previous year, though the increase in quantity was negligible.
America is the main importer of Indian spices, contributing to 16 per cent of the total export value. It is followed by China (nine per cent), UAE and Malaysia (six per cent each), Saudi Arabia, Germany, Sri Lanka, Singapore and the UK (four per cent each). Mint and mint products, spice oils and oleoresins, pepper, turmeric and cumin were the other key contributors in achieving the target, said Jayathilak.
Export of all the major spices such as pepper, ginger, turmeric, cumin, fennel, fenugreek, mustard, aniseed, ajwain seed, nutmeg, mace, asafoetida and tamarind rose in terms of volume and value. Export of mint products, spice oils and oleoresins increased in terms of value.
Export of coriander, celery and garlic for the year showed a decrease in both quantity and value.
As in earlier years, mint and mint products remained the single largest earner in the spices basket. During 2011-12 14,750 tonnes of mint and mint products were exported for Rs 2,224 crore as against the 17,450 tonnes valued Rs 1,697 crore in 2010-11. The lift in the value of exported mint and mint products is 31 per cent, whereas spice oils and oleoresins accomplished an increase of 43 per cent in value. India exported 7,265 tonnes of spice oils and oleoresins, for Rs 1,304 crore.
Pepper export for the year rose 42 per cent in quantity (26,700 tonnes in 2011-12 against 18,850 tonnes in 2010-11) and 129 per cent in value (Rs 878 crore against Rs 383 crore. The US, Vietnam, the UK, Germany, and Italy were top importers.
Export of turmeric also marked an all-time record, as the quantity exported reached 79,500 tonnes, fetching Rs 734 crore in 2011-12.
In the case of ginger, export was 21,550 tonnes valued at Rs 204 crore, as against 15,750 tonnes valued at Rs 121 crore in the previous year. Export of cumin increased 40 per cent in quantity and 63 per cent in value. It was 32,500 tonnes in 2010-11, valued Rs 396 crore; in 2011-12, it qent up to 45,500 tonnes, valued Rs 644 crore.
The export of fennel crossed 8,100 tonnes and fenugreek export reached 21,800 tonnes. The export of nutmeg and mace together was 3,620 tonnes, valued at Rs 241 crorel in 2010-11, it was 2,100 tonnes, valued Rs 98 crore.
The increase was 72 per cent in quantity and 146 per cent in value. In the case of chilli, the exported quantity was 241,000 tonnes at a value of Rs 2,144 crore, against 240,000 tonnes valued at Rs 1,536 crore.
On curry powders/paste, export growth in 2011-12 was 11 per cent in quantity and 20 per cent in value. About 17,000 tonnes of curry powder/ paste valued at Rs 252 crore was exported, against the 15,250 tonnes valued Rs 210 crore earlier.
Cardamom prices rose by Rs 15.20 to Rs 1,250 per kg in futures trade today as speculators enlarged their positions, supported by pick up in spot ...