Spices exports increased in terms of quantity and income during the first half

05-Dec-2024 04:29 PM

The export of spices from India saw significant growth in the first half of the current financial year (April-September 2024), with a 6% increase in quantity and a 9% rise in income compared to the same period last year. Data from the Spices Board shows that the quantity of spices exported rose from 7,49,877.55 tonnes to 7,92,723.57 tonnes, while export income grew from Rs 16,990.39 crore to Rs 18,591.65 crore.

Several spices performed particularly well during this period, with both export quantities and income seeing considerable gains. Key performers included cumin, fennel, fenugreek, cardamom, dry ginger, and tamarind. Notably, the export of cumin saw a remarkable 67% increase in quantity, from 76,969 tonnes to 1,28,505 tonnes, and a 29% rise in income, from Rs 2,741.89 crore to Rs 3,532.4 crore. Similarly, the export of fenugreek rose by 53% in quantity and 46% in income, while small cardamom exports grew by 37% in quantity and 87% in income.

Exports of fennel also saw an impressive growth in income, which increased from Rs 378.47 crore to Rs 493.25 crore, while dry ginger exports surged from Rs 157.87 crore to Rs 298.83 crore.

However, not all spices saw positive results. The export of coriander faced a notable decline, with both export quantity and income falling by 59% and 48%, respectively. The performance of garlic was also weak, though turmeric, big cardamom, and black pepper saw increases in their export quantities.

Overall, the data suggests that while certain spices, like cumin and cardamom, have experienced strong demand, others, such as coriander, are facing challenges in the global market.