Despite of a decline in the total export in the Country, Indian spices exports have been
able to record strident gains in both volume and value in Rupee terms. It is first time in
the history of Spices export the growth in volume registered an all time growth of 26%.
Spices exports have registered substantial growth during the last five years, registering an
compound annual average growth rate of 23% in value and 11% in volume and India
commands a formidable position in the World Spice Trade
During the 2012-13, a total of 7,26,613 tons of spices and spice products valued
Rs.12112.76 crore (US$2212.13 Million) has been exported from the country as against
5,75,270 tons valued Rs.9783.42 crore (US$ 2037.76 Million) in 2011-12, registering an
increase of 26% in volume and 24% in rupee terms and 8.5% in dollar terms of value. .
Compared to the target of fixed 5,66,000 tons valued Rs.8203.50 crore (US$1650
million) for the financial year 2012-13, the achievement is 128% in terms of quantity and
148 % in rupee and 134% dollar terms of value. During this period, the achievement in
export earning is high and it is mainly due to the rigorous focus and initiatives taken by
the Board for value addition and higher end processing of Spices.s.
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