The value of export of spices of India during April to December 2013 (of current fiscal year 2013-14) in terms of rupee registered an increase of 41 percent. This was revealed by the figures released by the Spices Board of India at Kochi.
The export of the value added spice products also registered a growth of 46 percent till 31 December 2013. Pepper and Cardamom were the leading contributors in the spices export with Pepper with 1846 crore rupees.
Overall, the total export between April 2013 and December 2013 of spices and spice products was 571680 tonnes, which generated 9433 crore rupees. Earlier during April to December 2012, the total exports were of 449926 tonnes valued 6696 crore rupees. This was a hike of 27 percent both in terms of volume and value of dollars.
This increase of exports has achieved 92 percent of the set target in terms of volume and 91 percent in terms of value for the fiscal year 2013-14.
Spices Board of India
Spices Board is a part of Union Ministry of Commerce and Industry. It is the flagship organization for the development and worldwide promotion of Indian spices. The Board is an international link between the Indian exporters and the importers abroad. The Board performs activities for excellence of Indian spices, involving every segment of the industry.
Chairman, Spices Board India – A Jayathilak
Who: Spice Board of India
When: 27 March 2014