The Spices Board has released its latest data on the export of various spices from India in the first eleven months of the financial year 2022-23.
The export of garlic has shown a maximum jump of 177% in quantitative exports, while the export of dry ginger has declined by 66%. The report also indicates that a total of 1.257615 million tonnes of spices worth 3804.06 million USD (approx) have been exported from the country during April-February 2022-23, representing a decrease of 9% in export on a quantitative basis and an increase of 5% in export on a value basis.
The export of large cardamom has increased by 18% in quantity and 7% in income; the quantitative export of fenugreek has also increased by 10% to 3.2882 million tonnes generating a gain of 3.15 million USD. However, there has been a massive decline in the export of dry ginger by 66% based on quantity and 50% based on price. The export of fennel has also decreased significantly, registering a decline of 48% on a quantity basis and 24% on a value basis.
The report further reveals that the export quantity of black pepper decreased by 16 %, small cardamom by 25%, red pepper by 9%, coriander by 7%, cumin by 17%, and tamarind by 11%. The Spices Board has identified the high prices of spices as a significant reason for the decline in their export. Thus, to conclude, the report reveals that there has been a decline of 9% in the quantitative export of spices, while their exports have increased marginally by 5% based on value.