The export of spices and spice products from the country have shown 10% decline in volume and stood at 2,01,410 tonnes during the April-August period of the current fiscal.
Compared to the same period last year, the exports in rupee value fell 9% to touch Rs 2,090.57 crore. In dollar terms, the exports stood at $429.7 million during the period, registering 21% fall over the same period of the previous year.
As against the export target of 435,000 tonnes, valued Rs 4,500 crore, the achievement so far is 46% in quantity and rupee value. In dollar terms, the achievement so far is 43%. Among the various items, spice oils and oleoresins, including mint products, contributed 35% of the total export earnings. Chilli contributed 20% while cumin and turmeric had 10% and 8% share each.
During the April-August period, the export of cardamom, turmeric, coriander, celery, fennel, fenugreek, garlic, nutmeg and mace, curry powder and other seeds are higher both in quantity and value.
However, the export of pepper, chilli, cumin, vanilla, mint products and spice oils and oleoresins are lower both in terms of quantity and value. The export of pepper fell by 25% and stood at 8,250 tonnes during the period. In value terms, the pepper exports fell by 32% to touch Rs 126.94 crore. There was a fall in the export of pepper to almost all major destinations like the US, EU, etc.
Absence of Pakistan from the market resulted in the fall in chilli exports by almost 30% in volume and 18% in value. Chilli exports stood at 67,500 tonnes, valued at Rs 417.65 crore. Among the processed spices, the export of curry powder increased by 12% in volume and 17% in value terms. However, the exports of spice extracts and mint products declined due to lower inventories in the major markets like the US and EU.