Spices Export Up (02-Mar-2010)

The export of spices surged 18 per cent in January 2010 in value terms over the same month last year. Te official sources said that the increase was 25 per cent in dollar terms. In January 2010, spices of 34,436 tonnes valued at Rs.430 crore ($93.57 million) was exported as compared to 30,870 tonnes valued at Rs.365.43 crore ($74.83 million) in January 2009.
The exports of cardamom (small) as well as chilli, garlic, nutmeg and mace, curry powder and spice oils and oleoresins also recorded a growth in January 2010. During the period, the export of Cardamom was 310 tonnes valued at Rs.28.68 crore, with an average FOB unit value of Rs.925 per kg. Moreover, it was 55 tonnes valued at Rs.3.13 crore with an FOB unit value of Rs.569 per kg in January 2009.
In line with this, the total exports of cardamom during April to January 2010 stood at 1,500 tonnes valued Rs.118.71 crore as against 490 tonnes valued at Rs.31.01 crore reported during the corresponding period last year.
Besides this, chilli around 1,58,500 tonnes valued at Rs.1030.44 crore was exported during April to January 2009-10.
While, it was 1,57,500 tonnes valued at Rs.897.88 crore during the same period last year. However, in terms of value, the growth was 15 percent. Nutmeg exports during the period surged to 3,025 tonnes valued at Rs.83.42 crore as against 1,550 tonnes valued at Rs.43.72 crore during the same period last year.
Moreover, the other spices that posted a growth were garlic as well as curry powder and paste. The export of Garlic surged to 8,800 tonnes valued at Rs.23.55 crores in 2009-10 from 650 tonne valued at Rs.2.72 crore.
On the other hand, the curry powder exports grew to 12,500 tonnes valued at Rs.160.50 crore from 11,250 tonnes valued at Rs.139.49 crore.
Top News Today
Reliance Power, the Anil Ambani group company's 2,400-MW Samalkot plant in Andhra Pradesh is likely to be ready for electricity generation this fiscal. It will install six gas turbines at the plant having
CMI FPE, one of CMI Industry's Indian subsidiaries, has entered into a new agreement with Indian steelmaker Bhushan Steel for the supply of seven major steel processing equipments. All these equipments
NIIT Technologies, the global IT solutions provider has successfully deployed its cargo operations intelligent system (COSYS), a complete cargo management platform, to manage cargo handling operations
|
International Stock News
The US markets made a mix closing on Thursday, as a drop in jobless claims fueled optimism about the economy and investors looked to the next day's employment report as the next indicator of the economic
The US markets made a mixed closing on Tuesday, with the indices mostly slipping after US economic data failed to live up to expectation. The reports showed that American consumer confidence trailed estimates
The US markets closed lower on Monday, as leaders in Europe gather to discuss the debt crisis for the seventeenth time in two years and tensions remained high with Portugal’s soaring borrowing costs. On
|
|
Recent Commodity-Market News
|
|