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India FY11 spices exports up 4.6%: Spices Board

India FY11 spices exports up 4.6%: Spices Board
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First Published: Tue, May 31 2011. 11 23 AM IST
Updated: Tue, May 31 2011. 11 22 AM IST
Mumbai: India’s spices exports touched an all-time high of 525,750 tonnes in FY11 due to robust demand for chilli, garlic, ginger and spice oils and oleoresins, data from the Spices Board of India showed.
Total spices exports in April-March were up 4.57% from 502,750 tonnes in 2009/10, it said.
Chilli exports also rose to a record high of 240,000 tonnes, up 17.65% on year during the period.
Pepper exports, however, saw a decline, falling 4.56% to 18,850 tonnes. In 2010/11 the unit value of pepper increased to Rs 203.82 per kg from Rs 158.95 a year ago.
Turmeric exports fell 3% to 49,250 tonnes while jeera dropped by 34.7% to 32,500 tonnes.
“Exports of a few spices have come down because farmers are getting very good prices in the domestic market and they are not much interested in selling overseas,” said Ankita Parekh, research head, Vertex Commodities & Finpro Pvt Ltd.
“Export of jeera has come down significantly because of good production in other jeera producing countries such as Syria and Turkey, which has reduced the demand for Indian jeera,” said Parekh.
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First Published: Tue, May 31 2011. 11 23 AM IST
More Topics: Spices | Chilli | Garlic | Ginger | Spice oils |