Spices exports seen up 10-15%: AISEF chairman.

MUMBAI: Spices export may rise 10-15 per cent in the financial year to March on increasing demand and deepening overseas market, All India Spices Exporters Forum (AISEF) chairman said.

"I expect a good rise in the export demand of chilli and turmeric in the coming months, while all other spices are also likely to perform well. We expect a rise of 10-15 per cent in the current financial year" said Philip Kuruvilla, chairman, All India Spices Exporters Forum (AISEF), a leading trade body.

In 2009-10, the export of spices from India stood at 502,750 tonnes, up 7 per cent in terms of volume against 470,520 tonnes last year, Spices Board data showed. The spices industry expects export earnings to grow ten fold to $ 10 billion by 2025 as India is looked as a quality supplier to the world and has the potential to grow various spices because of its rich biodiversity.

"With an aim to boost exports we are focusing on creating an exportable surplus and enhancing the quality of domestic produce," added Kuruvilla.


Source : economictimes.indiatimes.com