Spices Board wins award as exports touch 421,570 tonnes


Kochi: Sustaining robust demand in international markets in face of stiff competition, Indian spices registered an export volume of 421,570 tonnes during April-September this year with their value pegged at Rs. 6962.86 crore as compared to 376,584 tonnes and Rs. 6,364.64 crore, respectively during the corresponding period a year earlier.

The relentless support and guidance rendered to the Indian spice industry for export promotion of spices has earned for the Board the prestigious ‘Niryat Bandhu’ award. Set up by Federation of Indian Export Organisations (FIEO) that works under the Union Commerce Ministry, the award is given to banks, export promotion councils and commodity boards for excellent support services for promotion of exports.

Spices Board Chairman, Dr. A Jayathilak IAS, received the award from President, Shri Pranab Mukherjee at a function held at New Dlehi.

Chilli, mint products, cumin, spice oils & oleoresins, pepper, turmeric, coriander, curry powder / paste and fenugreek contributed substantially to spice export basket as the demand for Indian spices surged phenomenally at the global level.

“Spices export has been in tune with the targets set up by the Commerce Ministry for the current fiscal. As compared to April-September 2013, the export registered a growth of 12 per cent and 9 per cent in terms of volume and value, respectively,” said Jayathilak.

Chilli continued to propel the growth story as India’s largest exported spice, accounting for 161,000 tonnes in quantity and Rs 1,547.30 crore in value during April-September 2014. The export grew by 17 per cent in quantity and 23 per cent in value compared to the corresponding period in 2013.

Mint and mint products (mint oils, menthol and menthol crystals) earned substantial foreign exchange worth Rs 1463.25 crore through exports of 13,300 tonnes, emerging as a major money-spinning commodity in international spice markets.

Value added spice products like spice oils and oleoresins notched a significant high with figures of 5925 tonnes (exports) and Rs 877.45 crore (earnings), registering a growth of 21 per cent and 22 per cent, respectively. The figures for the corresponding period in 2013 stood at 4,901 tonnes and Rs 719.85 crore, respectively.

Pepper, ‘The King of Spices’, contributed significantly to export earnings by bringing home Rs. 514.86 crore with a corresponding export volume of 10,100 tonnes.

Kerala Biz News


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