Spices exports seen up 5% by volume in H1 of FY17

Posted by Daily Shipping Times on 06-01-2017        Tweet

NEW DELHI: Boosted by large shipments of nutmeg, mace, cumin and garlic, spices exports from India grew five per cent in volume in the first half of FY17 and rose to Rs. 8,415.97 crore during the period, registering a seven per cent increase in value.

The total value of exports was Rs. 7,892.65 crore during the corresponding period last fiscal year.

“Export of spices rose to 4,37,360 tonnes during April–September 2016, compared to 4,14,780 tonnes in the first half of FY16.”

“Chilli became the most exported spice for the April–September 2016 period with the shipment of 1,65,000 tonnes, fetching Rs.2,307.75 crore,” a Spices Board release said.

Garlic exports contributed substantially to the overall growth during the period, after rising 132% in value terms and 55% in quantity, it said.