Agri Picks Report October 08, 2024: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

India's spice exports fell 2% on-year to 534,706 tonnes in Apr-Jul, according to the data from the Spices Board of India. However, in dollar terms, the exports were up 2% on year at $1.51 billion. In rupee terms, exports were up 4% to INR 126.3 billion, the data showed. Garlic, coriander, other seeds, and turmeric saw a notable fall in terms of quantity. Exports of garlic declined 66% on year to 13,882.51 tonnes, while coriander fell 65% to 21,074.79 tonnes. Turmeric exports fell 14% on year to 61,609.83 tonnes. Similarly, exports of other seeds, which include ajwanseed, dill seed, poppy seed, aniseed, and mustard, declined 24% on year to 13,411.27 tonnes, the data showed. On the other hand, fennel exports were up a whopping 111% on year at 41,701.32 tonnes. Ginger exports rose 68% on year to 12,472.04 tonnes, while tamarind exports rose 63% to 13,280.92 tonnes. Exports of small cardamom rose by 47% to 2,071.81 tonnes, according to the data. Exports of jeera also rose 57% on year at 97,168.40 tonnes. In terms of value, jeera exports were $317.82 million, up 24% on year, according to the data.

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