Export potential of indian spices - a perspective
2003
Parthasarathy, V.A. | Madan, M.S. | Zachariah, T.J. (Indian Institute of Spice Research, Kerala (India))
With a variety of spices in its inventory, almost one-third of the world demand is being met by the Indian exports. In terms of value, spice exports from India has grown from US $ 430.2 million in 1999-2000, registering an average growth rate of more than 25% / annum. Spics exports contributed about 19.37% of the total export earnings of all agricultural commodities, valued at Rs 7,270.6 crores (1997-98) and unit value earned by spices (Rs 61,546/tonne), 3.6 times more than that for other horticultural exports. Under WTO regime, our country has to face many challenges both in production and export marketing spices. India lost its monopoly supply to new entrants in the world trade for spices. During 2000-2001, the export has shown a decline of 3% in terms of quantity and 20% in rupee value. In dollar terms the decline is 25%. The trend continued during the post-QRs free trade period, i.e. during 2001-02 . Exports declined by 12% , both in terms of quantity and value.
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