Agri Picks Report February 18, 2025: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

India exported 1.1 million tonnes of spices in Apr-Nov, up 11% on year from 955,477 tonnes exported a year ago, according to data from the Spices Board of India. Total exports of spices in dollar terms rose 7% on year to $2.87 billion during Apr-Nov. In rupee terms, exports rose 8% to INR 240.32 billion, the data showed. The exports of jeera rose 70% on year to 159,201 tonnes in the first eight months of the year, the data showed. Chilli exports rose 10% on year at 377,778 tonnes, according to the report. The exports of turmeric rose 10% on year to 121,601 tonnes, while fennel exports grew a whopping 135% on year at 62,629 tonnes. Fenugreek exports were up 51% on year to 28,069 tonnes, and those of ginger rose 52% on year to 49,199 tonnes, the data showed. Exports of small cardamom rose 57% on year to 4,402 tonnes, while those of large cardamom rose 28% on year to 785 tonnes. Pepper exports rose 24% to 13,654 tonnes in the first eight months of the current financial year. Exports of other spices, which include asafoetida, cinnamon, cassia, cambodge, and saffron, rose by 3% to 48,580 tonnes, the report showed. Celery exports were up 36% on year at 5,750 tonnes, while nutmeg and mace exports rose 8% on year to 3,476 tonnes. Exports of garlic, coriander, other seeds, and mint products fell in terms of volume. Exports of coriander fell 53% on year to 38,314 tonnes, while that of garlic declined 63% to 23,464 tonnes. Exports of other seeds, which include ajwain seeds, dill seeds, poppy seeds, aniseeds, and mustard seeds, fell 17% on year to 23,604 tonnes. Exports of mint products, which include menthol, menthol crystals and other mint oils, declined 40% on year to 10,607 tonnes. India is the largest producer of turmeric, coriander, and jeera.

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