Revenue from spice exports over Rs 4,400 cr

Last year, the Spices Board estimated revenue of Rs 3,600 Crore through exports, but the revenue increased to 4,435.50 crore.

While the quantity estimated rose to 117 per cent in rupee terms 123 per cent, in Dollar value it jumped up to 126 per cent, Spices Board sources said.   

Though the board exports spices to 130 countries, 80 per cent of revenue is received from 20 countries. Of the 40 lakh tonne production, the country exports only 10 per cent.   

Last year, export of Pepper was at a new high. India exported 35,000 tonnes and earned Rs 519.50 crore, while the target was 30,000 tonnes and Rs 450 crore respectively, an increase of 22 per cent in quantity and 70 per cent price-wise.