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Spice News

India: Targeting spice export of USD 2.3 billion for 2013-14

Kochi, March 27, 2014: India has set a target of $2.3 billion for spice exports for 2013-14. For the nine month period of April-December 2013, the total volume of spices and spices products exported was 5,71,680 tonnes, valued at Rs 9,433 crore, a growth of 41 per cent in rupee terms and a 27 per cent growth both in volume and dollar terms. According to Dr A Jayathilak, Chairman, Spices Board, as much as 4,49,926 tonnes valued at Rs 6,696 crore ($1232 million) was exported during the same period of previous fiscal.

The Board would give thrust to organic spices which accounted for only less than 2 per cent in the export basket, especially in the North eastern region as it has vast potential.

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