In the last few years, the aroma of Indian spices has spread rapidly worldwide. There has been an increase in the export of Indian spices. In 2013, when the export of ginger, saffron, and turmeric was $ 30.29 million, now it has taken a market size of $90.62 crore. From this, it can be estimated how fast the export of Indian spices has increased.
Due to the smooth and organized policy of the central government, the demand for Indian spices has increased globally, and there has been a tremendous export jump.
One of the main reasons there has been an improvement in the export is the smooth and organized central government policy. Also, the demand for Indian spices has been good globally.
The export of turmeric, ginger, and saffron has increased by about 192 percent in the eight years.
According to last year’s figures, India’s total spice exports account for more than 40 percent and 29 percent by value. Turmeric accounts for 11 percent by volume and 6 percent by value in exports. India exported 1,36,000 tonnes of turmeric, $150 million.
Turmeric has become very popular during the pandemic due to its immunity-boosting properties. During the Covid pandemic, golden milk made using turmeric, and black pepper has become one of the most searched recipes for boosting immunity.
Due to this, its export demand has also increased. During the first half of the financial year 2020-21, there has been a significant increase of 42 percent in exports in terms of volume. Due to this, the farmers’ income has increased, and their economic condition is improving. This is proving very effective for the farmers who cultivate the spice.
The Turmeric Finger prices were Recorded at $1,11 per kg FOB
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