Exports of Indian spices peaked to record high in fiscal 2012-2013, crossing the Rs 10,000-crore mark for the first time, revealed the statistics released by the Spices Board on Monday.

In the recently concluded fiscal 2012-2013, spices exports were up 22% in quantity to touch 6.9 lakh tonnes and 14% in value to reach Rs 11,171.16 crore, the Board said.
“As the exports of cumin, mint and chillies show sharp improvements, the pattern of trade is showing perceptible changes. New spices are gaining prominence in the export basket,” said A Jayathilak, chairman of the Spices Board.

During the financial year 2011-12, the country had exported 5,75,270 tonnes spices, valued at Rs 9,783.42 crore ($2,037.76 million). Fiscal 2012-13 exports also topped the Board’s estimated target of 5,66,000 tonnes, valued at Rs 8,203.50 crore ($1,650 million).

Exports of mint products, cardamom (large), chilli, coriander, cumin, fennel, fenugreek, celery, mustard, aniseed, nutmeg, garlic, asafetida and tamarind were higher during the period while pepper, cardamom (small) and ginger showed declines both in terms of volume and value.

Export of large cardamom increased 18% in quantity and 8% in value.

The Exports of value-added products like curry powder and pastes, spice oils, and oleoresin also showed increases, both in volume and value, as compared to the financial year 2011-12.

Source:-articles.timesofindia.indiatimes.com