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Spices Exported Till November Worth Over Rs 6,000 Crore

Date : January 28, 2012
Number of Views : 2033

Offshore shipments by Indian spice exporters were approximately 3,51,900 tonne of spices valued at Rs 6,209.08 crore (USD 1,332.25 million) up to November in the current fiscal. The total export of spices during the same period of the previous year was 3,72,010 tonnes valued at Rs 4,336 crore (USD 948.68 million).

The percentage increase in the total export of Spices during April-November, 2011 is 43 per cent in rupee terms, and 40 per cent in dollar terms as compared to the same period of last year. However, in the case of volume, the export has shown a decline of 5 per cent in the current year as compared to the previous year, an official release said.

During the April-November period, Indian exporters have shown an increase, both in volume and value, in exports of Pepper, cardamom (small), cardamom(large), ginger, turmeric, cumin, celery, fenugreek, nutmeg and mace and other spices like tamarind, asafeotida, as compared to April-November, 2010.

The export of value added product, curry powder/paste has increased both in volume and value in the last-year period. During April-November, 2011, a total of 17,000 tonnes of pepper worth Rs 518.80 crore have been exported as against 11,850 tonnes worth Rs 217.32 crore in the year-ago period.

The unit value of pepper has increased to Rs.305.18 per kg during April-November, 2011 from Rs 183.39 per kg in the same period in previous fiscal.

News Category: Spices

News Type : Market News


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