Friday May 25, 2018
Home India Indian spice ...

Indian spice exports touch Rs. 14,899 crores in international markets

0
//
779
Republish
Reprint

Traditional spices market in India.

Kochi: Despite having stiff global competition, Indian spices maintained their robust demand in the international market, with exports touching a whopping Rs.14,899 crore in 2014-15, as compared to Rs.13,735 crore a year ago.

Chilli, mint and mint products, cumin, spice oils, and oleoresins, pepper, turmeric, coriander, small cardamom, curry powder/paste, and fenugreek contributed substantially to the spice export basket as the demand for the Indian spices scaled up phenomenally at the global level.

In the fiscal 2014-15, a total of 8,93,920 tonnes of spices and spice products, valued at Rs.14,899.68 crore ($ 2,432.85 million), were exported, registering a nine percent increase in volume, and eight percent in rupee terms, and seven percent in dollar terms, in value, as compared to 8,17,250 tonnes valued at Rs.13,735.39 crore ($2,267.67 million) in 2013-14.

Spices Board, the flagship organization under the union Commerce and Industry Ministry, has been able to meet the export target by devising multifaceted activities for promotion of Indian spices and sustaining their demand in the global market.

“The achievement is substantial, and it was achieved in the face of tough competition. Increased demand for Indian spices in the international market is a testimony to their unmatched quality, and the escalating faith in their sustainability,” Spices Board chairman, A. Jayathilak said.

Chilli continued to propel the growth story as India’s largest exported spice, accounting for 347,000 tonnes in quantity, and Rs.3,51,710 lakh in value during 2014-15.

The export grew by 11.04 percent in quantity, and 29.20 percent in value as compared to 2013-14.

Mint and mint products (mint oils, menthol and menthol crystals) earned substantial foreign exchange worth Rs.2,68,925 lakh through exports of 25,750 tonnes, emerging as a major money-spinning commodity in international spice markets.

Pepper, ‘the King of Spices’, contributed significantly to export earnings by bringing home Rs.1,20,842.16 lakh, with a corresponding export volume of 21,450 tonnes in 2014-15.

“Indian spices are not only lucrative products for the national exchequer, but have also become a trusted global brand,” Jayathilak added. (IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Land of Spices: India is Hosting Annual meet for Head of State Chefs from across the World

Chefs are going to visit the spice market in Old Delhi and will go to Agra and Jaipur, where they will be enjoying camel and elephant rides

0
//
180
Indian spice. Flickr

October 26, 2016: Indian food comes with a perfect balance of fresh vegetables and fruits, that can be teamed up with high notes of spices like turmeric, cumin, cardamom, cinnamon and saffron which makes a dish full of flavour, colourful and aromatic.

This week India is going to host the Annual meet for Head of State Chefs, including personal chefs to the US President Barack Obama, Queen Elizabeth II of the United Kingdom, French President François Hollande, and Canadian prime minister Justin Trudeau.

NewsGram brings to you latest new stories in India.

Montu Saini, the executive chef to President Pranab Mukherjee said to HT, “India has been a member of this club for three decades and never once had it hosted the general assembly.”

Saini wants to show them the flavours of Indian cuisine and culture. Chefs are going to visit the spice market in Old Delhi and will go to Agra and Jaipur, where they will be enjoying camel and elephant rides.

Go to NewsGram and check out news related to political current issues.

White House chef Cristeta Comerford, who cooks for Barack and Michelle Obama and their children- wants to take Indian spices back as much as she can, considering the luggage she will be allowed to carry, mentioned the HT report.

Michelle Obama laughs with White House executive chef Cristeta Comerford. Flickr
Michelle Obama laughs with White House executive chef Cristeta Comerford. Flickr

On her return to Washington DC, President Barack Obama and his family is going to enjoy some Indian spicy curries.

Not only spices, India also have a wide range of mouth-watering and pocket-friendly street food. All guests are eager to taste some authentic Indian street food during their visit.

Look for latest news from India in NewsGram.

The British royal chef, Mark Flanagan, says London has many Indian restaurants, but the country’s street food is so rich that he has to try it here, where it originated.

According to HT, Christian Garcia, chef to Prince Albert II of Monaco, said they were looking forward to becoming “ambassadors of Indian gastronomy” after their visit.

– Prepared by Ruchika Kumari of NewsGram. Twitter: @RuchiUjjaini