India Spice Exports To Hit $10 Bln By 2017

India's spices exports is likely to touch $10 billion by 2017, the head of the state-run Spices Board said on Sunday. We have set up an ambitious target for ourselves and hope to have $10 billion exports by 2017," Chairman V.J Kurian told reporters at the United Planters' Association of Southern India's (UPASI) two-day meeting in the south Indian town.India, which is likely to export 380,000 tonnes in 2007/08, has a 47 percent share in the world market, he said.Exports of organic spices have increased, and we hope to see a major jump in the coming year, Kurian said.

Organic spices exports rose 58 percent to $3.19 million in 2006/07. India is the largest producer, consumer and exporter of spices. India's production in 2007/08 is expected to jump 10 percent from this year's 4 million tonnes.