Spice export target unlikely to be achieved

Exporters explain that last year India exceeded its target of spice export in terms of value and hence this year the target has been fixed marginally higher. The Spices Board has fixed an ambitious export target at 2,27,750 tonnes valued at Rs. 2,000 crore for the current year.

In the first two months of the current financial year, spices exports have dropped both in terms of quantity and value. Exports during April-May ’00 have dropped to 30,820 tonnes, valued at Rs.235.07 crore, from 52,254 tonnes, valued at Rs. 399.38 crore in the corresponding period of last year, as reported.

Overall exports during ‘99-00 touched about 2.08 lakh tonnes, valued at Rs. 1,861.02 crore against the target of 2.17 lakh tonnes, valued at Rs.1, 748 crore. In ‘98-99 exports touched 2.31 lakh tonnes, valued at Rs.1, 758.02 crore.


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