SME Times is powered by   
Search News
Just in:   • Modi in UP to address farmers  • Dollar declines amid Trump comments  • Wipro ties up with US-based Alight Solutions  • Facebook wants to launch own Internet satellite in 2019: Report  • Sebi proposes framework for corporates borrowings from bond market 
Last updated: 03 Jan, 2018  

Spice.9.Thmb.jpg Spice exports jumps 24 pc in Apr-Sept

spices-new.jpg
   Top Stories
» Modi accuses Congress of 'underground loot of banks'
» India's joining of TIR convention to help exporters: Official
» Forex reserves falls to $405.08 billion
» SEBI to introduce warehousing norms for non-agri commodities
» Khadi to boost econommic growth, create jobs: Prabhu
SME Times News Bureau | 02 Jan, 2018
Spice exports from India during April to September 2017 grew 24 per cent and touched 557,525 tonnes, valued at Rs 8,850.53 crore, as compared to the same period in 2016 when 450,700 tonnes fetched Rs 8,700.15 crore.

In dollar terms, India's exports of spices and spice products during the first half of the current fiscal were pegged at $1,373.97 million as against $1,299.96 million during the same period in 2016.

Spices Board Chairman A. Jayathilak on Tuesday said chilli, cumin, turmeric, cardamom, garlic and mint products were amongst the most sought after Indian spices, meeting the increasing demand for quality spices in global markets.

"India's exports of spices and spice products have been consistently moving up in the face of volatility in international markets and stringent food safety regulations imposed by countries across the globe," said Jayathilak.

Chilli retained its position as the most demanded spice, with exports of 235,000 tonnes and amounting to Rs 2,125.90 crore in value, followed by cumin (79,460 tonnes, Rs 1,324.58 crore).

Turmeric accounted for 59,000 tonnes and Rs 547.63 crore.

The export of small cardamom, cumin, garlic, tamarind and seeds like ajwain, mustard, dill and poppy registered an increase both in volume and value as compared to April-September 2016.

The export of value-added products like curry powder, mint products and spice oils and oleoresins also increased in volume and value.

In case of value-added products, the export of curry powder/paste totalled 17,030 tonnes worth Rs 348.88 crore.

A total of 8,800 tonnes of spice oils and oleoresins valued at Rs 1,332.22 crore were also exported.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 22 Jul, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(11)
» Review of Companies Act 2013: A welcome step(10)
» Tech exchange centre launched for Indian, S Korean MSMEs(1)
» Muthoot Finance Starts Mobile Surveillance Squads (1)
» RBI, FinMin must work together for rupee stability: Assocham(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter