India exported 11,83,000 tonne of spices and spice products during the last fiscal to realise Rs 21,515.4 crore, state-run Spices Board of India said. In dollar terms, the export value stands at $3,033.44 million. The spices export during 2019-20 exceeded the fixed targets in terms of volume, rupee value and dollar value.
During 2019-20, 225 spice items were exported, against 219 items in 2018-19. Chilli, mint products, cumin, spice oils & oleoresins, and turmeric continued to be the major contributors in the spices basket, contributing 80 per cent of the total earnings.
Indian spices are exported to 185 countries. China gets 24 per cent share of these exports while US with 16 per cent are the two major consumers. Chilli continued to be the most demanded spice in FY20 with exports of 4,84,000 tonne amounting to Rs 6,221.70 crore, registering an increase of 15 per cent in value.
Cumin was the second-most exported spice, recording an increase of 16 per cent in volume and 12 per cent in value. “India has fulfilled the increasing international demand for its quality spices in the face of tough competition in global markets. In view of the global pandemic situation, the demand for quality Indian spices is on the rise for their immunity-boosting properties”, said Spices Board secretary D Sathiyan. The spice which showed the maximum increase as compared to the previous financial year was ginger, registering a 178 per cent increase in volume and 129 per cent in value at 50,410 tonne and Rs 449.05 crore, respectively.