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G.K. Nair

Upward trend in pepper shipments

Kochi, Oct 20

Exports of spices during the first half of the current fiscal increased in terms of value but declined in volume.

Exports stood at 1,65,198 tonnes valued at Rs 1,405.34 crore against 1,71,616 tonnes worth Rs 1,208.64 crore in the corresponding previous period.

In terms of value there was an increase of Rs 196.70 crore, while in terms of volume, there was a decline of 6,418 tonnes.

Increase in unit value of value-added products and certain spices contributed to the rise in export value realisation.

Sharp fall in some of the items such as chilli and coriander led to the drop in total quantity exported, Spices Board sources told Business Line.

For the first time after 2002-03, shipments of pepper have shown an upward trend. During the first half, exports rose to 11,400 tonnes valued at Rs 98.96 crore from 7,469 tonnes worth Rs 63.62 crore earlier.

However, the increase in unit value was marginal, going up from Rs 85.18 a kg to Rs 86.80.

Tight pepper supply position in the world market coupled with the competitive prices due to export subsidy available to exporters paved the way for the increase, the sources said.

Other items that went up are ginger, celery, vanilla, curry powders, paste and condiments.

Though mint products, spice oils and oleoresins showed decline in volumes, the value realisation was on the higher side due to increase in unit value.

The unit value of mint products stood at Rs 622.62 a kg (Rs 518.37), while that of spice oils and oleoresins rose marginally from Rs 831.84 to Rs 833.67.

Total exports of mint products during the first half dropped to 5,975 tonnes (6,900 tonnes), while that of spice oils and oleoresins declined to 2,950 tonnes (2,982 tonnes).

Meanwhile, shipments of curry powder, paste and condiments rose to 4,675 tonnes (4,054 tonnes).

According to export sources, exports of nutmeg and mace are likely to go up after the Ramzan holidays, as West Asia the main market.

More Stories on : Spices & Condiments | Exports & Imports

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