Spice exports have doubled in the past nine years, Piyush Goyal tweeted

Exports of spices from India have doubled over the past nine years, reaching Rs.3,995 crore in FY2022-23 compared to Rs.1,778 crore in 2013-14. Trade and Industry Minister Piyush Goyal took to Twitter to share the achievements of the spice industry.

Department of Commerce data shows that in fiscal year 2022/23 spices were exported from India to over 165 countries. The most important export destinations for Indian spices include Bangladesh, the United Arab Emirates, Morocco, the Netherlands, Germany and the USA.

India is the world’s top spice producer, producing 15.31 lakh tons of spices in 2021-22 and 2022-23. The data comes from the Spice Board of India, the statutory body of the Union’s Ministry of Trade and Industry.

Viren Khona, secretary of the All India Spices Exporters Forum, an association of more than 170 spice exporters based in Ernakulam, Kerala, said: “Over the years, the government’s export promotion activities have benefited exporters. During the Corona phase, the demand for immune-boosting spices such as turmeric and ginger experienced a sharp increase. Also, people tried different cuisines at home, which increased the demand for spices in both the domestic and international markets.”

However, Khona added that the post-pandemic demand surge has cooled, leaving the export value flat at $4 billion over the past two years.

The spice industry in India is mainly composed of a large number of rural MSMEs mainly located in the states of Kerala, Tamil Nadu, Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Assam, Orissa, Uttar Pradesh and West Bengal.

Siby Chacko, a Kerala-based exporter who trades in cardamom and cloves, said there are several obstacles hampering the growth of micro-enterprises in the spice sector. These include seeking demand in the international market, dealing with fraudulent customers, high interest rates on bank packaging loans (loans made to an exporter to finance the purchase, manufacture or packaging of goods before shipment), and reluctance to pay of pre-shipment fees.

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