Categories: Business

Spices exports up 23% in June at Rs 2690 crore, 9,000 tons of spices sent to Bangladesh by rail route amid lockdown

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Spices exports up 23 pc to USD 359 mn in June

new Delhi. India's spice exports jumped 23 percent to Rs 2690 crore in June 2020, from Rs 2190 crore in the same month a year ago. Assocham said that there has been a strong increase in demand for spices in the domestic market as well, due to which the price of spices has increased by 12 percent in the month of June. On the other hand, more than 9,000 tonnes of spices like chilli, turmeric and cumin were sent to Bangladesh by rail for the first time due to roadway disruptions due to the lockdown enforced due to Corona virus epidemic.

In the last one month, more than 5000 tonnes of turmeric, 4300 tonnes of chilli and 100 tonnes of cumin have been exported to Bangladesh by rail route, an official said. These spices were sent from Andhra Pradesh, Telangana. Bangladesh is a major importer of Indian spices and accounts for nine percent of India's total spice exports in terms of quantity and five percent in terms of value.

During the year 2019-20, 1,09,950 tonnes of spices worth approximately Rs.1,005 crore were exported to Bangladesh. It mainly consists of cumin, chili, ginger and turmeric. Earlier, 95 percent of the spice exports from Bangladesh to India were done by road via Ghojadanga, Mundra, Hili, Mohdipur, Petrapole or Nhava Sheva. The official said that for the first time, exporters of turmeric and chilli exported through the rail route in collaboration with South Central Railway. In the last one month, 5250 tonnes of turmeric, 4300 tonnes of chilli and 100 tonnes of cumin have been exported by rail from Andhra, Telangana belt, the official said.

The country's total spice exports stood at $ 21.91 billion in June 2020, compared to $ 25.01 billion in the year-ago period. Exports in June in rupees stood at Rs 1,65,898.85 crore, which was Rs 1,73,682.55 crore in June 2019. Indian spices are shipped almost all over the world. Major importers include USA, UK, Germany, France, Italy, Canada, Australia, UAE, Iran, Singapore, China and Bangladesh etc.

This post was published on July 20, 2020 10:15 am

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