Thursday 13 June 2013

Spices Exports Cross Rs 10,000 Crore Despite Global Slowdown

KOCHI: Mint products gained the most while cardamom fared the worst as spices exports crossed the Rs 10,000-crore mark for 2012-13. Spices exports for the year were at 6,99,170 tonne valued at Rs 11,171.16 crore despite recessionary trends in overseas markets, according to Spices Board.



Data show a 22 per cent increase in quantity and a 14 per cent rise in value over the year. Mint products at 19,980 tonne valued at Rs 3321.79 crore topped exports, showing 35 per cent and 49 per cent rise in quantity and value respectively. Chilli was the single largest exported item at 2,81,000 tonne valued at Rs 2,261.44 crore. The shipments were 17 per cent higher in quantity and 5 per cent in value over the year. Cumin at 79,900 tonne worth Rs 1,093.17 crore too logged a high growth.



However, in terms of growth, garlic was the star performer with the highest growth of 991 per cent in quantity and 426 per cent in value at 24,000 tonne worth Rs 74.49 crore due to a shortage in the global market. Small cardamom fared the worst falling 52 per cent in quantity and 49 per cent in value at 2,250 tonne worth Rs 185.05 crore.


Source:-economictimes.indiatimes.com





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