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India: Strong spice exports

India: Strong spice exports

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Jun 17, 2013 9:21 AM

Spice exports from India crossed the INR 10,000 crore mark during 2012-13. With over 6,99,170 tonnes of spices and spice products valued at INR 11,171.16 crore (US$ 2,040.18 million) exported in fiscal year 2012-13, spice exports registered an all-time high of 22 per cent in volume and 14 per cent in value as compared to the previous fiscal. Exports of mint products, chilli, coriander, cumin, fennel, fenugreek, celery, mustard and tamarind along with value-added products like curry powder and pastes, spice oils, and oleoresin registered growth both in volume and value during 2012-13.

With new spices gaining prominence in the exports market, spice exports from India are expected to sustain growth momentum in the coming years. In fact, despite the challenging global economic scenario, the strong growth of India’s spice exports during the previous fiscal is an encouraging sign pointing to the growth potential for Indian spices in the global markets.

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