Spices export clocks 50 p c increase in value

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Kochi, Nov 28 (UNI) The export of spices recorded an increase of 50 per cent in value in the first seven months of the fiscal compared to the same period last year.

India exported 2,62,250 tonne valued at Rs 2540.15 crore compared to 2,06,150 tonne at Rs 1918.94 crore in the corresponding period of 2006-07, according to an official release here today.

In value terms, the export increased by 50 per cent (in dollar terms), volume-wise 27 per cent and in rupee terms of value 29 per cent.

Against the target of 3,80,000 tonne valued at Rs 3,600 crore fixed for the year, the achievement, so far, was 69 per cent in quantity and 71 per cent in value.

The trade in pepper, cardamom (large) chilli and seed spices like coriander, celery, fennel and fenugreek was better than last year.

Value-added spices like curry powder, spice oils and oleoresins and mint products had also done better.

However, the performance of garlic, nutmeg and mace and vanilla was not encouraging both in terms of quantity and value, the release added.

UNI

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