Kochi: Exports of chilli have surpassed the target set by the Union Commerce Ministry for 2007-08 by 10,000 tonnes during the first nine months of the current fiscal.
For the first time, shipments during April - December 2007 stood at 1,45,000 tonnes valued at Rs 785.37 crore against the target of 1,35,000 tonnes valued at Rs 675 crore, according to Spices Board sources. The increase mainly in chilli, pepper, coriander, fenugreek, other spices, curry powder/paste and mint products has pushed up the total spice exports from the country to 3,18,635 tonnes valued at Rs 3,155.20 crore as against 2,68,120 tonnes worth Rs 2,575.08 crore in the first nine months of the previous fiscal.
Shipments of black pepper have also shown a tangible increase with exports touching 27,000 tonnes valued at Rs 391.63 crore from 21,780 tonnes worth Rs 221.82 crore in April- December 2006. The unit value of pepper shot up to Rs 145.05 a kg from 101.84 a kg.
Exports of coriander also increased to 18,500 tonnes valued at Rs 75.42 crore, from 15,080 tonnes worth Rs 55.36 crore while that of fenugreek went up to 8,750 tonnes valued at Rs 25.36 crore, from 5,965 tonnes worth Rs 19.11 crore.
Despite an increase in the unit value to Rs 53.98 a kg from Rs 52.50 a kg in the corresponding period last year, export of chilli has shot up on short supply from other origins, they pointed out.
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According to the sources, the demand from traditional buyers such as Malaysia, Sri Lanka, Indonesia and Bangladesh is on the rise. The export of chilli accounts for around 48 per cent in terms of quantity and about 27 per cent in terms of value of the total export of spices from India.
Currently, India is the main source of red chilli for the international market. After the lean production last year, the new Chinese crop will reach the market only by October.
Exports of cardamom (small) has fallen sharply so far during the current fiscal after its prices shot up. Total shipments during April - December 2007 stood at 290 tonnes valued at Rs 12.83 crore as against 405 tonnes worth Rs 13.29 crore. The unit value went up to Rs 442.39 a kg from Rs 328.31 a kg. Mint products remained major contributors to spices exports in terms of value with 14,250 tonnes valued at Rs 888.95 crore as against 12,290 tonnes worth Rs 818.26 crore in April -December 2006. The unit value for this commodity dropped to Rs 623.82 a kg from Rs 665.80 a kg.
Meanwhile, shipments of curry powder/paste increased to 8,400 tonnes valued at Rs 82.18 crore from 7,010 tonnes worth Rs 63.52 crore despite an increase in the unit value to Rs 97.83 a kg from Rs 90.60 a kg.
Spices oils and oleoresins also went up by 100 tonnes to 4,800 tonnes valued at Rs 402.93 crore from 4,700 tonnes worth Rs 388.89 crore. Unit value increased to Rs 839.44 a kg from Rs 827.42 a kg. Sharp fall in the prices of vanilla has pushed up shipments from the country to 140 tonnes valued at Rs 11.65 from 100 tonnes worth Rs 15.98 crore in April - December 2006. The unit value dropped sharply to Rs 835.20 a kg from 1,598.50 a kg during the first nine months of the last fiscal.
For the first time, shipments during April - December 2007 stood at 1,45,000 tonnes valued at Rs 785.37 crore against the target of 1,35,000 tonnes valued at Rs 675 crore, according to Spices Board sources. The increase mainly in chilli, pepper, coriander, fenugreek, other spices, curry powder/paste and mint products has pushed up the total spice exports from the country to 3,18,635 tonnes valued at Rs 3,155.20 crore as against 2,68,120 tonnes worth Rs 2,575.08 crore in the first nine months of the previous fiscal.
Shipments of black pepper have also shown a tangible increase with exports touching 27,000 tonnes valued at Rs 391.63 crore from 21,780 tonnes worth Rs 221.82 crore in April- December 2006. The unit value of pepper shot up to Rs 145.05 a kg from 101.84 a kg.
Exports of coriander also increased to 18,500 tonnes valued at Rs 75.42 crore, from 15,080 tonnes worth Rs 55.36 crore while that of fenugreek went up to 8,750 tonnes valued at Rs 25.36 crore, from 5,965 tonnes worth Rs 19.11 crore.
Despite an increase in the unit value to Rs 53.98 a kg from Rs 52.50 a kg in the corresponding period last year, export of chilli has shot up on short supply from other origins, they pointed out.
• Quarterly results of corporates: Check out
According to the sources, the demand from traditional buyers such as Malaysia, Sri Lanka, Indonesia and Bangladesh is on the rise. The export of chilli accounts for around 48 per cent in terms of quantity and about 27 per cent in terms of value of the total export of spices from India.
Currently, India is the main source of red chilli for the international market. After the lean production last year, the new Chinese crop will reach the market only by October.
Exports of cardamom (small) has fallen sharply so far during the current fiscal after its prices shot up. Total shipments during April - December 2007 stood at 290 tonnes valued at Rs 12.83 crore as against 405 tonnes worth Rs 13.29 crore. The unit value went up to Rs 442.39 a kg from Rs 328.31 a kg. Mint products remained major contributors to spices exports in terms of value with 14,250 tonnes valued at Rs 888.95 crore as against 12,290 tonnes worth Rs 818.26 crore in April -December 2006. The unit value for this commodity dropped to Rs 623.82 a kg from Rs 665.80 a kg.
Meanwhile, shipments of curry powder/paste increased to 8,400 tonnes valued at Rs 82.18 crore from 7,010 tonnes worth Rs 63.52 crore despite an increase in the unit value to Rs 97.83 a kg from Rs 90.60 a kg.
Spices oils and oleoresins also went up by 100 tonnes to 4,800 tonnes valued at Rs 402.93 crore from 4,700 tonnes worth Rs 388.89 crore. Unit value increased to Rs 839.44 a kg from Rs 827.42 a kg. Sharp fall in the prices of vanilla has pushed up shipments from the country to 140 tonnes valued at Rs 11.65 from 100 tonnes worth Rs 15.98 crore in April - December 2006. The unit value dropped sharply to Rs 835.20 a kg from 1,598.50 a kg during the first nine months of the last fiscal.
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