Agri Picks Report January 08 2025: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

India's exports of spices rose 10% on year to 940,997.50 tonnes in Apr-Oct, according to data from the Spices Board of India. The country exported 146,557.83 tonnes of jeera during the period, up 73% on year, the data showed. In dollar terms, the total exports of spices were up 7% on year at $2.54 billion during Apr-Oct. In rupee terms, exports rose 9% to INR 212.6 billion, the data showed. Chilli exports were up 9% on year at 330,512.45 tonnes, according to the report. Fennel exports were up a whopping 148% on year at 59,830.98 tonnes. Ginger exports rose 60% on year to 34,504.82 tonnes in the first seven months of the current financial year. Exports of tamarind were up 65% on year at 23,225.32 tonnes, while those of fenugreek rose 53% to 25,167.02 tonnes, according to the data. Pepper exports rose 28% on year to 12,112.80 tonnes, the data showed. Exports of small cardamom rose 54% to 3,663.35 tonnes in Apr-Oct, and those of large cardamom rose 44% on year to 659.68 tonnes. Turmeric exports rose 7% on year to 108,879.97 tonnes, according to the data. Celery exports were up 39% on year at 5,275.12 tonnes, while nutmeg and mace exports rose 17% on year to 3,141.11 tonnes. On the other hand, garlic, coriander, other seeds, and mint products saw a notable fall in terms of quantity. Exports of garlic fell 64% on year to 22,051.76 tonnes, while that of coriander declined 55% to 34,365.31 tonnes. Exports of other seeds, which include ajwain seeds, dill seeds, poppy seeds, aniseeds, and mustard seeds, fell 18% on year to 21,842.22 tonnes. Similarly, exports of mint products, which include menthol, menthol crystals and other mint oils, declined 42% on year to 9,299.52 tonnes. The exports of other spices, such as asafoetida, cinnamon, cassia, cambodge, and saffron, rose 2% on year to 43,134.19 tonnes. India is the largest producer of turmeric, coriander, and jeera.

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