Spices Exports Post Rise in April-Sept 2011 Period

The Indian export market saw a total of 2,37,585 tonnes of spices and spice products valued at Rs 4165.59 crores (US$920.55 million) being shipped from the country during April-September 2011, as against 2,94,925 tonnes valued at Rs 3220.16 crores (US$699.25 million) in April-September 2010 – registering an increase of 29% in rupee terms. In dollar terms, the increase stood at 32%. In the case of volume of export there has been a decline of 19%.

 During April-September 2011, the export of pepper, cardamom(small), cardamom (large), ginger, turmeric, nutmeg & mace and other spices like tamarind and  asafetida have shown an increase both in volume and value as compared to April-September 2010. During April-September 2011, the export of value added product, curry powder/paste has increased both in volume and value.

In the case of chilli, spice oils and oleoresins and mint products, the increase is in terms of value only. The export of other spice items has shown decline both in volume and value as compared to last year.

During April-September 2011, a total quantity of 11,250 tonnes of pepper valued Rs.311.52 crores have been exported as against 9,250 tonnes valued Rs.163.10 crores of April-September 2010.

The unit value of pepper has increased from Rs.176.32 per kg in Apr-September 2010 to Rs.276.91 per kg during April-September 2011. During April – September 2011, a total quantity of 1,825 tonnes of cardamom (Small) valued at Rs 161.00 crores as against 335 tonnes valued at Rs.39.84 crores of last year registering an increase of 445% in quantity and 304% in value.

During the period, a total quantity of 280 tonnes of cardamom(large) valued at Rs. 22.68 crores have been exported as against 210 tonnes valued at Rs. 9.97 crores of last year, registering an increase of 33% in quantity and 127% in value.

The unit value of cardamom (large) has increased from Rs.474.68 per kg in April-September 2010 to Rs.809.82 per kg during April-September 2011.  During April-September 2011,  we have exported 41,500 tonnes of turmeric valued Rs.450.76 crores as against 28,500 tonnes valued Rs.389.59 crores of last year registering an increase of  46% in quantity and 16% in value. During the period April-September2011, we have exported 8,000 tonnes of ginger valued Rs.90.02 crores as against 5,550 tonnes valued Rs.35.87 crores of last year registering an increase of 44% in quantity and 151% in value.

In the case of value added products, during April-September 2011, we have exported 8,000 tonnes of curry powder/paste valued Rs.115.53 crores as against 7,925 tonnes valued Rs.103.20 crores of April-September 2010. Also, the exports of spice oils and oleoresins have registered an increase of 34% in value and in the case of mint products there is an increase of 57% in value as compared to last year.

Compared to the spices export target of 500,000 tonnes valued Rs.6500.00 crores (US$ 1450 million) fixed for the financial year 2011-12,  the achievement of  2,37,585 tonnes valued  Rs.4165.59crores (US$920.55 million) during April-September 2011 is 48% in terms of quantity 64 % in rupee and 63% in dollar terms of value.

The period also saw the spices park in Jodhpur,  Rajasthan, set up by the Spices Board being commissioned (picture alongside).