Indian spices exports crossed $4 billion in last 2 years, covering more than 180 countries
World Spice Organisation (WSO), a non-profit technical partner for the All India Spices Exporters Forum (AISEF), concludes the 2-day National Spices Conference 2022 in Mumbai. The conference witnessed the presence of over 300 delegates, including 100 farmers, along with other key government and industry stakeholders.
This was a one-of-its-first kind conference organised by the World Spice Organisation in collaboration with GIZ and IDH-the Sustainable Trade Initiative.
D Sathiyan, Secretary of the Spices Board, spoke, “Indian spices exports crossed $4 billion in the last 2 years, covering more than 180 countries. The spice exports contribute around 10 percent of the agri exports and about 40 percent of the horticulture sector exports. India’s exports form only 15 percent of total spice production and balance is consumed in the domestic market. “
“According to international trade projections, demand for spices is poised to grow at a CAGR of 6.5 percent in the next decade, indicating the huge opportunity for exports” he further adds.
Ramkumar Menon, Chairman of the World Spice Organisation, spoke, “It was overwhelming to witness such an amazing turnout at our first National Spice Conference. The topics discussed were relevant and will help regulate the spice trade for both Indian and international markets. As the theme for the conference was “Food Safety,” we at the World Spice Organisation would like to emphasise how Indian Farmers and other stakeholders in the supply chain should work towards ensuring food safety.
The conference was attended by FSSAI, Spice Board and National Research Organisation like IISR and senior executives from leading spice-related firms.
