Exports of spices decline

By Our Economy Bureau | 21 May 2004

Kochi: Spices exports from the country declined by seven per cent in terms of quantity and during the last financial year according to Spices Board . Exports fell from 264,107 tonnes to 246,566 tonnes — a decline of Rs181.63 crore, from Rs2,086 crore to Rs1,905.08 crore. The export earnings fell from 431.45 million to 415.15 million in dollar terms.

Chilli exports registered an increase along with turmeric, coriander, vanilla, celery, fennel and garlic. However, the fall in revenue was owing to lower exports of pepper, fenugreek, cumin, curry powder, spice oils and oleoresins.

While the total quantity declined, the targets set for the year was achieved. Against an export target of 251,030 tonnes valued at 1,900 crore, the achievement was 246,566 tonnes valued at Rs 1,905.08 crore. Targets were achieved in the case of chilli, turmeric, coriander, celery, fennel, curry powder, mint products and garlic.

While exports of spice oils and oleoresins achieved quantity targets, vanilla crossed only the value target. The drop in export of mint products had contributed the fall in value. However, the figures were likely to improve, as several of the exporters were not registered with the Board. The different Commissioners of Customs at the major ports in the country had been asked to advise all the exporters to register with the Board.