Spice exports slip 20% amid concern over safety of MDH, Everest products
After registering a 51 per cent and 12 per cent year-on-year jump in spice exports in March and April respectively, spice exports slipped by 20.28 per cent in May to $361.17 million.
This situation highlights the importance of food safety regulations and the need for regular testing to protect consumers from harmful substances. (EtO). Amid an overall uptick in India’s goods exports in May, spice exports slipped 20 per cent year-on-year, official trade data released Friday showed. This comes after Hong Kong and Singapore in April found higher than permissible levels of pesticide ethylene oxide (EtO) in MDH and Everest shipments.
After registering a 51 per cent and 12 per cent year-on-year jump in spice exports in March and April respectively, spice exports slipped by 20.28 per cent in May to $361.17 million. On a sequential basis too, spice exports slipped 10 per cent in May compared to $405.62 million exports in April this year.
Notably, in 2023-24, India’s spice exports totalled $4.25 billion compared to $3.7 billion in 2022-23. India’s exports account for a 12 per cent share of the global spice exports. The major spices exported from India include chilli powder, cumin, turmeric and cardamom among others.
