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India's spices exports grow 7% in value in first half of FY17

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India's spices exports grow 7% in value in first half of FY17

Economic Times:  January, 2017

Kichi: Boosted by large shipments of chilli, nutmeg, mace, cumin and garlic, spices exports from India grew 5 per cent in volume and 7 per cent in value in the first half of 2016-17 from a year ago.

Export of spices rose to 4,37,360 tonnes valued at Rs 8415.97 crore in first half of 2016-17 compared with 4,14,780 tonnes worth Rs 7892.65 crore in the first half of last year.

Chilli became the most exported spice for the six-month period with the shipment of 1,65,000 tonnes, fetching Rs 2307.75 crores.

Garlic exports contributed substantially to the overall growth during the period, after rising 132 per cent in value terms and 55 per cent in quantity.The exports of nutmeg and mace grew by 81 per cent in quantity as compared to last year and saw a 69 per cent increase in value.Cumin exports rose by 49 per cent to 68,600 tonnes, as compared to 45,894 tonnes during the same period in the previous year.

Turmeric,, apart from fennel and celery, also contributed significantly to the total spices exports during April-September 2016. The export of value-added products like curry powder and paste as well as spice oils & oleoresins also increased during the period, according to data released by Spices Board