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Coir Export Volume Rises By 65%


Date : January 2, 2011	Number of Views : 339

Coir, the outer coating of skin that encircles the conch of coconut, is used to make rope, mattresses, rugs and carpets among others.

Export of coir, coir fibers and coir mats in the first four months of the current fiscal stood at 120,712 tonne, valued at Rs 264 crore, as against 72,913 tonne amounting Rs 226.33 crore in the corresponding period of the last fiscal.

India is the largest coir exporter in the world, Indian Coir and Coir Mat Exporters have exported around $70 million coir products in 2009.

Coir product making is an important cottage industry contributing significantly to the economy of the major coconut growing states such as Kerala, Tamil Nadu and Andhra Pradesh.

India and Sri Lanka are two major coir producers in the world as both countries account for more than 90% of the 3,50,000 tonne global production of coir.

The country’s coir exports grew by 65% to 24,809 tonne in July compared to 20,874 tonne in the same month last year. In value terms, coir exports were Rs 60.43 crore in July compared to Rs 66 crore in July 2009, according to Coir board.

News Category: Coir / Sisal / Hemp

News Type : Market News

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