India’s April-Aug spices export jumps by over 12%

India’s April-Aug spices export jumps by over 12%

PTI

New Delhi: India’s spices exports surged by 12.62% to 2.23 lakh tonnes in the first five months of FY’09 in comparison with 1.98 lakh tonnes last year in the period under review mainly driven by cumin, vanila and other value-added spice products, the Spice Board said.

However, the set back was seen in pepper exports, which slumped sharply by 27.97 % at 11,250 tonnes.

“Impressive growth in export of cumin, vanila and value-added spices has pushed up the country’s total exports both in volumes and values terms by about 12 and 16% respectively," a senior official at Spices Board told PTI.

In value terms, exports rose by 16.16% at Rs2,265.25 crore against Rs1,950.09 crore in the review period, he added.

Sharp jump was witnessed in cumin (jeera), which rose more than two-fold at 21,250 tonnes during April-August of the current fiscal, the Board official said.

Vanila sale in overseas market also grew more than two-fold at Rs175 tonnes, while value-added products such as spice oil and oleoresins increased by 27% at Rs3,500 tonnes, he added.

Cardamom exports also increased marginally to 175 tonnes from 165 tonnes.

Asked about a decline in pepper exports, he said, “India could not compete in the global market as Vietnam reduced its pepper price drastically in the last month."

The Board has achieved 52% of total export target of 4.25 lakh tonnes set for the entire 2008-09 fiscal.

Of 52 items, India exports largely about 28 spices and value-added products to countries such as the US, the UK, Europe, Germany and East Asian nations.

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