A spice is a bark, root, flavoring agent, seed, fruit, and other plant products that enhance the aroma and taste of the food. India is often called ‘The Land of Spices.’ The history of spices dates back to the Indus Valley civilization 4000 years ago. Spices were among the few grounds for outsiders to conquer India. Most spices in India are used in powder or seed form. Some popular spice yields in India are Turmeric, Cardamom, White Pepper, Black Pepper, Clove, and Cumin. Spices from India are still in high demand in the international market. Punjab, Kerala, Gujarat, and some north-eastern states of India are the most popular for the cultivation of spices. Top Importers of spices are the USA, Hong Kong, Vietnam, China, UK, Bangladesh, Thailand, Malaysia, Sri-Lanka, and UAE. In the fiscal year 2019, the export values of spice sum up to 231 million Rupees. The annual turnover of spice in India increases by 40,000 crores. The expansion of the spice business is a 7% gain in volume, 8% gain in currency.
The method of agricultural production that includes a high-level of biodiversity with Environmental preservation practices coupled with animal welfare is called Organic Farming. Organic products are always in demand due to sustainable development and fertilizer-free products.
Indian exporters face container shortages due to trading inconsistency.
The waiting time to obtain containers for exports has increased for Indian traders because of import/export mismatch. A sudden increase in exports from China is considered to be the main reason behind this delay.
The government on Thursday banned exports of onion seeds with immediate effect. Earlier, the export of onion seeds was in the restricted category.
“The export of onion seeds is prohibited, with immediate effect,” the Directorate General of Foreign Trade (DGFT) said in a notification.
Indian sugar export subsidies will not be renewed before state elections finish next month, trade and government sources said on Thursday, with New Delhi examining the level of subsidy needed to encourage shipments of surplus sugar.
The new market research added a research report focused on packaged basmati rice markert, delivering the in-depth market analysis and future outlook of the packaged basmati rice market.
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India’s export of agri-commodities elevated by 43.4 percent to 53,626.6 crore Indian Rupees (7 billion U.S. dollars) in the months April to September this year, from 37,397.3 crore Indian Rupees (5 billion U.S. dollars) a year earlier, said the Agriculture Ministry on Saturday.