India’s spice export breaks all records; earns Rs 17,664 Cr with growth of 12%
 Source : News Bharati English  Date : 16-Jun-2017

New Delhi, June 16: The export of spices and spice products achieved a growth of 12 per cent during 2016-17. Sustaining their robust demand in international markets in face of stiff competition, 9.48 lakhs tons of spices were exported earning over 17 thousand crore rupee.

According to Spices Board, Chilli continued to be the most sought after spice, registering an increase of 27 per cent in value in the last fiscal year and Cumin was the second most exported spice recording a rise of 22 per cent in quantity and 28 per cent in value.

In 2015-16, the country had exported 8.43 lakhs tons worth around 16 thousand crores, thereby registering an increase of 12 per cent in volume, nine per cent in rupee terms and six per cent in dollar terms.

“India has surpassed all previous export records and has fulfilled the increasing international demand for its quality spices in the face of tough competition in global markets. More satisfying was the fact that the appreciable increase in exports came in the face of strict food safety regulations that now define and determine the international commodity trade,” said Spices Board Chairman Dr A. Jayathilak.

Increased global demand for turmeric, especially in the pharmaceutical sector, drove its exports to attain figures of 1,16,500 tonnes in volume and crossed Rs 1,241 crores in value terms in 2016-17.

Also, Garlic exports contributed substantially to the overall growth during the year, notching figures of 92 per cent in value terms and 39 per cent in quantity.

The export demand of nutmeg and mace was also on a higher side, registering an increase of 25 per cent to 5,070 tonnes, as compared to 4,050 tonnes during 2015-16. And export of celery rose from 5,310 tonnes valued at Rs.53.28 crore in 2015-16 to 6,250 tonnes worth Rs. 62.46 crore in 2016-17.