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Indian spice exports volume up 1pc, value takes a hit

Indian spice exports for the first 11 months of the previous financial year have risen by 1 percent in volume while total value realisation in rupee terms is down by 1 percent as compared to the same period of last fiscal, officials of the country’s Spices Board said.

The dollar realisation for the period is lower by almost 6 percent at USD1,015.15 million compared with USD1,083.89 million during the year-ago period. However, the sector has witnessed a turnaround with exports of some spices like chilli, cardamom and oleoresin reviving.