Spices exports have registered substantial growth during the last one-decade, registering an annual average growth rate of 11.1% in value terms. During the year 2007-08, the export earnings from spices have surpassed 1 billion $ mark for the first time and registered an all time high both in terms of quantity and value in spice exports. In 2007-08 the export of spices from India has been 444,250 tonnes valued MLN US $ 1101.80 million registering an increase of 39% in value over 2006-07. India commands a formidable position in the World Spice Trade with 48% share in Volume and 44% in Value.
With the support of the Spices Board, exporters have established adequate infrastructure for improving quality on a sustained basis. Quality improvement and technological upgradation are taken up by exporters as an on-going programme. These developments are in tune with the changing levels of market acceptance. Other areas focused upon by the Board are export promotion in identified markets, interaction with policy makers in the importing countries, development of new end uses, farm level training for farmers etc.
With the support of the Spices Board, exporters have established adequate infrastructure for improving quality on a sustained basis. Quality improvement and technological upgradation are taken up by exporters as an on-going programme. These developments are in tune with the changing levels of market acceptance. Other areas focused upon by the Board are export promotion in identified markets, interaction with policy makers in the importing countries, development of new end uses, farm level training for farmers etc.