Spices Exports Up 19% In Value Terms During April-Feb 2010-11.

Exports of spices and spices products from India have registered an increase of four per cent in volume and 19 per cent in terms of value during April-February 2010-11, as per the latest release from the Spices Board of India. In dollar terms the rise in exports is 24 per cent.

A total of 471,165 tonnes of spices and spice products valued Rs. 6030.74 crores (US$1323.28 Million) got exported from the country as against 453,495 tonnes valued Rs. 5058.26 crores (US$ 1063.44 Million) in April-February 2009-10.The spices exports during the period have also surpassed last year's exports of Rs. 5560.50 crores.

The exports of spices from India during April- February 2010-11 have already exceeded the target in terms of both quantity and value. Compared to the spices export target of 465,000 tonnes valued Rs. 5100.00 crores (US$1125 million) fixed for the financial year 2010-11, the achievement of 471,165 tonnes valued Rs. 6030.74 crores (US$ 1323.28 million) during April-February 2010-11 is 101 per cent in terms of quantity and 118 per cent in rupee and dollar terms of value.

During April-February 2010-11, a total quantity of 16,600 tonnes of pepper valued Rs. 334.62 crores was exported as against 18,425 tonnes valued Rs. 293.00 crores of last year. The unit value of pepper has increased from Rs. 159.02 per kg in 2009-10 to Rs. 201.58 per kg during 2010-11.

Jeera exports dipped 39% to 27,500 tonnes and earnings also dipped by 33% to Rs. 333.72 crores. Coriander exports slumped by 9% to 37,500 tonnes while earnings dipped 26%to Rs. 149.98 crores.

A total quantity of 865 tonnes of cardamom (Small) valued Rs. 100.41 crores as against 1765 tonnes valued Rs. 143.62 crores of last year. In the case of cardamom (Small) the unit value has increased from Rs. 813.59 per Kg in 2009-10 to Rs. 1160.84 per kg in 2010-11.

A total quantity of 2,18,500 tonnes of chilli valued Rs. 1379.52 crores have been exported as against 1,80,750 tonnes valued Rs. 1156.57 crores of last year, registering an increase of 21 per cent in quantity and 19 per cent in value.

Exports of turmeric was down around 9% to 42,500 tonnes with value of exports was up by 78% to Rs. 608.85 crores.

The export of spice oils and oleoresins has also increased to 6,800 tonnes valued Rs. 803.02crores from 6,225 tonnes valued Rs. 651.68 crores of last year.

We have exported 13,250 tonnes of curry powder/paste valued Rs. 178.76 crores as against 13,100 tonnes valued Rs. 173.30 crores of last year.

Source : indiainfoline.com