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2011-05-31

Spice exports at all-time-high in 2010-11

The Spice Board aims to increase the spices export to 3 billion by 2017 and 10 billion by 2025

India's spice exports for 2010-11 financial year have registered an-all-time-high both in quantity and value, surpassing the export target of 465,000 tonnes valued Rs 5,100 crore for the period, a top Spice Board official said on Monday.

In 2010-11, a total of 525,750 tonnes of spices and spice products valued at Rs 6,840.71 crore (USD 1,502.85 million) were exported, as against 502,750 tonnes valued at Rs 5,560.50 crore (USD 1,173.75 million) in 2009-10, Spices Board Chairman V J Kurian told reporters in Kochi.

This is an increase of five percent in volume and 23 percent in rupee terms of value. In dollar terms the increase was 28 per cent, he said.

The Spice Board aims to increase the spices export to 3 billion by 2017 and 10 billion by 2025, Kurian added.

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