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India's spices exports marginally declined by 1% to $1.15 billion in the April-June quarter, primarily due to a 29% drop in chilli shipments, the largest spice export in terms of value and volume. Sluggish demand from China and Bangladesh contributed to the decline, with chilli exports falling to $265 million. Despite this, other spices like cumin, turmeric, and cardamom performed well, offsetting the drop. Cumin exports rose 13% in value, while turmeric surged 44%, despite a decline in volumes. Cardamom and pepper also saw notable growth. These gains helped stabilize overall exports, despite the significant decline in chilli shipments.

Key Highlights

# Spices exports dip 1% to $1.15 billion due to lower chilli shipments.

# Chilli exports dropped 29% in value and 17% in volume.

# Cumin and turmeric exports showed strong growth despite chilli’s decline.

# Turmeric exports surged 44%, with a 20% drop in volume.

# Cardamom and pepper exports also posted double-digit growth in both value and volume.

India’s spices exports witnessed a marginal decline of 1% in the April-June quarter, reaching $1.15 billion, primarily driven by a steep drop in chilli shipments. Chilli, which remains the largest spice commodity in both volume and value terms, experienced a 29% fall in value to $265 million compared to $376 million in the same period last year. In volume terms, chilli exports were down 17%, with sluggish demand from China and Bangladesh, the top two importers, negatively impacting the overall performance.

Despite this, other spices such as cumin, turmeric, and cardamom performed strongly, cushioning the decline in overall exports. Cumin exports increased by 13% in value, reaching $251 million, with a notable 46% rise in volume. Turmeric exports saw a 44% increase in value to $90.57 million, although its volume dropped by 20% to 46,497 tonnes.

Cardamom exports, both large and small, displayed significant growth with large cardamom up 179% and small cardamom up 107%. Pepper exports also recorded a 26% rise in value at $25.91 million, while its volume increased by 14%. Other spices, such as fennel and tamarind, also contributed positively, helping to offset the chilli decline.

The decline in chilli exports due to reduced demand from key buyers affected the overall performance, but the robust growth in cumin, turmeric, and cardamom helped stabilize India’s spices export market.

Finally

While chilli exports fell sharply, the growth in cumin, turmeric, and cardamom exports supported overall stability in India’s spices market.

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