A sharp increase in the exports of chilli, cardamom and ginger has propelled the spices sector to post an impressive 18 per cent rise in exports in value terms for January 2010, as compared to the same month of 2009. According to Spices Board data, exports registered an increase of 25 per cent in dollar terms in January.
In January 2010, around 34,436 tonnes of spices valued at Rs 430 crore ($ 93.57 million) were exported, as against 30,870 tonnes valued at Rs 365.43 crore ($ 74.83 million) in January 2009. While exports of cardamom, chilli, garlic, nutmeg and mace, curry powder and spice oils and oleoresins rose substantially, those of pepper, cumin and mint products stayed dismal due to economic slowdown in the developed markets.
The Board had scaled down the target for the current fiscal to 4,35,000 tonnes valued at Rs 4,500 crore ($ 1,000 million) because of lower demand from the US and Europe.A shortfall in the Chinese chilli crop is expected to help India improve its export figure. Chilli exports had fallen in the first half of the current fiscal due to the high domestic prices.
China has displaced India in the Pakistan market. In the first half of 2009-10, chilli exports to Pakistan were nil, as against 22,000 tonnes during the first half of 2008-09. Chilli provided 40 per cent of the volume of 4,70,520 tonnes in 2008-09.In January 2010, chilli exports were estimated to be 17,500 tonnes valued at Rs 120 crore, as against 11,500 tonnes valued at Rs 69 crore during January 2009. This shows a 52 per cent increase in volume terms.
Similarly, a global shortage of cardamom helped boost its export substantially. A total of 310 tonnes of cardamom (small) valued at Rs 75 crore was exported in January 2010, as against 55 tonnes valued at around Rs 5 crore in January 2009.Exports of spice oils and oleoresins during the month increased to 525 tonnes from 450 tonnes in January 2009.
Exports of nutmeg during the period have increased to 3,025 tonnes valued at Rs 83.42 crore from 1,550 tonnes valued at Rs 43.72 crore. Other spices that showed substantial increases in the current year were garlic, curry powder and paste.
Source : Exim News Service - Kochi, March 3
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