More Stories

Informist, Monday, Oct. 7, 2024

 

MUMBAI – India's spice exports fell 2% on-year to 534,706 tonnes in Apr-Jul, according to the data from the Spices Board of India. However, in dollar terms, the exports were up 2% on year at $1.51 billion. In rupee terms, exports were up 4% to INR 126.3 billion, the data showed.

 

Garlic, coriander, other seeds, and turmeric saw a notable fall in terms of quantity. Exports of garlic declined 66% on year to 13,882.51 tonnes, while coriander fell 65% to 21,074.79 tonnes. Turmeric exports fell 14% on year to 61,609.83 tonnes. Similarly, exports of other seeds, which include ajwanseed, dill seed, poppy seed, aniseed, and mustard, declined 24% on year to 13,411.27 tonnes, the data showed.

 

Exports of coriander were down as buying from China and Bangladesh has come down in recent months, according to SMC Global Securities.

 

On the other hand, fennel exports were up a whopping 111% on year at 41,701.32 tonnes. Ginger exports rose 68% on year to 12,472.04 tonnes, while tamarind exports rose 63% to 13,280.92 tonnes. Exports of small cardamom rose by 47% to 2,071.81 tonnes, according to the data.

 

Exports of jeera also rose 57% on year at 97,168.40 tonnes. In terms of value, jeera exports were $317.82 million, up 24% on year, according to the data. Jeera exports have been impressive so far in the year 2024-25 as the Indian spice has remained more competitive as compared to those from Syria and Turkey, SMC Global Securities said.

 

India is the largest producer of turmeric, coriander, and jeera. 

 

The following table details the commodity-wise break-up of exports, in tonnes, of India's major spices in 2024-25 (Apr-Jul), compared with the previous year, and on-year change in percentage terms:

 

Exports	2024-25 (Apr-Jul)	2023-24 (Apr-Jul)	Change  (in %)
Jeera	97,168.40	61,697.44	57%
Turmeric	61,609.83	71,616.73	(-)14%
Fennel	41,701.32	19,726.72	111%
Coriander	21,074.79	59,647.21	(-)65%
Garlic	13,882.51	40,468.88	(-)66%
Other seeds	13,411.27	17,651.59	(-)24%
Tamarind	13,280.92	8,154.55	63%
Ginger	12,472.04	7,424.42	68%
Small Cardamom	2,071.81	1,406.18	47%
Total	534,706	546,746	(-)2%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Total may not tally as only major items have been included.

End

 

US$1 = INR 83.98

 

Reported by Shreya Shetty

Edited by Saji George Titus

 

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2024. All rights reserved.