NEW DELHI: India's spices exports rose by
36 per cent to USD 2.04 billion in value terms in 2011-12 fiscal on account of
increase in value realisation of spices, especially chilli and pepper.
In the previous fiscal, the country had
earned foreign exchange of USD 1.5 billion from spices exports, according to
the latest data released by the Spices Board of India.
The volume of shipments in the last fiscal
rose by almost 10 per cent to 5.75 lakh tonnes from 5.25 lakh tonnes in the
2010-11 financial years.
The earnings from export of spices in
rupee terms rose by 43 per cent to Rs 9,783.42 crore in 2011-12 fiscal as
against Rs 6,840.70 crore in the year-ago period.
The Spices Board had set a target of
earning forex revenue of Rs 6,500 crore (USD 1.45 billion) with a volume of 5
lakh tonnes in the last fiscal from export of spices.
Spices export earnings rose mainly on the
back of increased realisation from mint products, chilli, pepper and spice oils
& oleoresins.
The export value of mint products rose by
31 per cent to Rs 2,223.72 crore in 2011-12 fiscal from Rs 1,696.79 crore in
the 2010-11 fiscal, despite a decline of 15 per cent in its volume to 14,750
tonnes from 17,450 tonnes in the same period.
The unit value of mint produced rose to Rs
1,507.61 per kg last fiscal from Rs 972 per kg in 2010-11 fiscal.
In the case of chilli, export
earnings rose by 40 per cent to Rs 2,144.08 crore last fiscal from Rs 1,535.54
crore in the year-ago period. There was a marginal increase in the volumes to
2.41 lakh tonnes from 2.40 lakh tonnes in the reviewed period.
Similarly, unit value of chilli increased
to Rs 88.97 per kg as 2011-12 against Rs 63.98 per kg in 2010-11.
The earnings from export of spice oils
& oleoresins rose by 43 per cent to Rs 1,304.38 crore in 2011-12 compared
to Rs 910.62 crore in 2010-11, while volumes declined by 4 per cent to 7,265
tonnes from 7,600 tonnes in the same period.
The unit value of spice oils &
oleoresins, used in food and cosmetics, rose to Rs 1,795.43 per kg in 2011-12
from Rs 1,198.19 per kg in 2010-11.
Pepper export earnings rose by a whopping
129 per cent to Rs 878.13 crore in the last fiscal from Rs 383.18 crore in the
year-ago period, while volume of shipments rose by 42 per cent to 26,700 tonnes
from 18,850 tonnes in the same period.
The unit value of pepper rose to Rs 328.89
per kg in 2011-12 as against Rs 203.28 per kg in 2010-11.
Source: The Economic Times
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