India to maintain dominance in spices this year

In 2019, India is planning to extend its dominance in spices like turmeric, chilli, cumin and many others.  As on the other side plantation crops such as rubber, coffee and pepper are facing fall during this year.

India to maintain dominance in spices this year

India to maintain dominance in spices this year

Due to the heavy rainfall, rubber production in 2018-19 is likely to fall below the revised target of 6 lakh tonnes set by the Rubber Board. Also, it was reported that there has been a drop in latex yield even before the lean season in summer.

Anu Pai, research analyst at Geojit Commodity said on the low international prices of rubber due to the oversupply in 2019. She added, “The rise in price will depend on China, the largest consumer, the trade war between US and China, crude oil prices and the decision of the tripartite council of Thailand, Indonesia and Malaysia to cut exports.”

MB Ganapathy, chairman of Karnataka Planters’ Association said, “It looks like another bad year for coffee. Last two years, the output dropped because of drought.” This year he is expecting the crop to be well short of 3 lakh tonnes, whereas the production was 3.16 lakh tonnes in the year 2017-18.

It is expected in India, the largest producer and exporter of chilli is seeking to consolidate its position as a normal crop. It is assumed that there will not be any increase in the prices and also India, as usual, will produce 23-24 lakh tonnes of chilly annually.

Cumin is the second largest exported spice and India is expecting a good harvest of this spice. Rajiv Palicha, chairman of All India Spices Exporters Forum said, “Political issues in the competing countries will make India the dominant supplier in the global market NSE 0.00 %.” Palicha also added, “Indian pepper crop may be good in Coorg and northern Kerala but could be lower in Idukki.”

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