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Chilli exports may fall 64%

Chilli exports may fall 64%
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First Published: Mon, Jun 25 2007. 02 30 PM IST
Updated: Mon, Jun 25 2007. 02 30 PM IST
PTI
New Delhi: India’s chilli exports, which accounted for 22% of the total spices exports in the last fiscal, are likely to drop by a significant 64% to 135,000 tonnes in 2007-08 due to a fall in production.
“About 135,000 tonnes of chillies valued at Rs675 crore have been targeted for exports in 2007-08 against an estimated 373,000 tonnes worth Rs807 crore last fiscal,” a Spices Board official told PTI.
In terms of value, the exports are expected to decline by Rs132 crore, although they are likely to get a better price owing to global shortfall in production.
The provisional estimate for 2007-08 is yet to be approved by the government, he added.
The main reason for the expected decline in export is a 20% less production this year, the official said.
“Global supply of chillies is less this year as output is hit in both India and China,” he added.
China, a competitor to India in chilli exports till last year, is currently importing the hot spice from India, Kanan said.
Interestingly, the chilli exports in the first two months of the fiscal have already reached Rs223.7 crore, almost one-third of the target.
According to data released by the Spices Board, 18,000 tonnes of chillies valued at Rs97.20 crore were exported in May while there were 22,000 tonnes worth Rs126.5 crore shipped out of India in April.
Chillies accounted for 22% of the total spices exported from the country and 75% of it came from Andhra Pradesh, the main producing state.
In 2006-07, spices exports went up on the back of a bumper production in many spice crops, the official said, adding “every year cannot be a record year”.
The Rs807 crore export of chillies was a record in 2006-07 which also saw the highest ever exports in all spices at 373,750 tons worth Rs3,575.75 crore.
India commands a formidable position in the world spice trade with 47% share in volume and 40% in value.
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First Published: Mon, Jun 25 2007. 02 30 PM IST
More Topics: Chillies | exports | Money Matters | Commodities |