Spices Exports Jump 35% To 3,06,990 Tonnes In Q1FY18 - Commodity Market Tips

The exports of spices from India grew by 35% in quantitative terms in the first quarter of fiscal 2017–18. The total export of spices rose to 3,06,990 tonnes in terms of quantity during the period from 2,27, 938 tonnes a year ago. The jump in export was on account of large shipment of chilli which stood at 1,33,000 tonnes.

Garlic has registered the maximum growth in terms of quantity and value. It contributed substantially to the overall exports during the period, rising 169% in quantity. Fennel registered a growth of 92% in quantity. The exports of other seed spices such as mustard, aniseed and dill seed grew by 83% in quantity.

Further, 1,220 tonnes of small cardamom, valued at Rs 134.55 crore, were exported as against 1,106 tonnes worth Rs 90.81 crore during the corresponding period last year, registering an increase of 10% in volume and 48% in value.

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