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30/01/21 12:20 PM IST

14th BSM conducted by Spices Board in FY 2020-21

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Spices Board conducted the Virtual Buyer Seller Meet(BSM) for Chili and Turmeric, with focus on Andhra Pradesh, which saw participation from 245 stakeholders

Highlights
  • This was the 14th BSM conducted by the Board in FY 2020-21.  
  • India is the world’s largest exporter of chili and turmeric, the exports of which have recorded a steady progress, over the years. During 2019-20, India exported 4,84,000 tonnes of chili and chili products valued at Rs.6211.70 crores which contributed to more than 40 per cent in volume and 29 per cent in value of India’s total spice exports.
  • Turmeric held a share of 11 per cent in volume and 6 per cent in value of the export basket, with an export of 1,36,000 tonnes valued at Rs.1216.40 crores.
  • Spices items in 225 categories were exported to 185 countries in the last year.
Requirements
  • Integration between all segments of value chain will help to derive better value in export.
  • Their is need for more value addition in spices and urged the exporters to come up with ideas for enhancing export of value addition in chili and ways of investment in spice processing.
Source: PIB

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