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In First Half Of Fiscal Spices Exports Increase By 24%

Spices ExportsDuring April-September 2017, India has exported 5.57 lakh tonnes of spices and items made out of spices that are of Rs.8, 850.53 crores in value. The spice and spice product export of India was at 4.5 lakh loads of value Rs.8, 700 crores during the period of April-September 2016.

A news launch revealed this evaluation which provides an increase of 24% in quantity and 2% in value in conditions of the rupee. In the conditions of dollars, the income improved by 6% that is from $1,299.96 thousand to $1,373.97 thousand.

This news launch also had an argument of Spices Panel chairman A. Jayathilak which said that chilli, cumin, turmeric, cardamom, garlic and mint products were in ‘great’ requirement amongst the Indian spices.

He also acknowledged the Board’s initiatives that assisted in helping the spice export.  Spices Board chairman said, “What is fulfilling is that India’s exports of spices and spice products have been continually moving up in the face of movements in international markets and stringent food safety regulations enforced by countries across the globe.”

Chilli was the spice with the maximum requirement this season also with its export increasing 42% in quantity from 1.65 lakh loads in the previous financial season to 2.35 lakh loads with a rupee value of Rs. 2,125.90 crore in this fiscal.

Cumin was the next maximum released spice with an export of 79,460 loads worth Rs. 1,324.58 crore. The third maximum released spice was turmeric with an export volume of 59,000 tonnes with a value of Rs. 547.63 crore.