Spices exports are faring well this year. According to data released recently, the export of spices has shown a growth of 25 per cent to 1,11,420 tonnes in the first quarter of the current year.
In value terms, the exports increased by 36 per cent to touch Rs 967.30 crore (Rs 9.67 billion) during the quarter.
The achievement in the first quarter is 29 per cent of the quantity target of 3,80,000 tonnes for the year. Exports earnings in the first quarter are 27 per cent of the value target of Rs 3,600 crore (Rs 36 billion) for the year.
Exports in dollar terms stood at $234.53 million during the quarter against $156.63 million during the same period of the previous year.
Spices