The $3 billion spices export business has found an unlikely ally in COVID-19 as the pandemic appears to have added a new sheen to the export of spices considered to boost immunity.
"Export of spices like ginger, turmeric, coriander and cumin has shown a considerable increase during April-July this year compared to the same period last year",said D.Sathiyan, secretary of the Spices Board. The increased demand was seen in big markets like the U.S. and Europe, he said.
Demand from other countries such as Bangladesh, Morocco, Iran, Malaysia, China and Pakistan is also showing encouraging signs. A communication from the Spices Board earlier this year has said that the spice which showed the most promise in 2019-2020 was ginger, which registered an increase of 178% in volume of exports and 129% in value at 50,410 tonnes and Rs.449 crores respectively.
Spices export business crossed the $3 billion mark during 2019-20 for the first time with 10% growth in value, even though the overall export from the country showed a decrease of 5% for the whole of 2019-20.