THE value of India's spices exports grew by a healthy 36% during the recently completed 2006/07 season, boosted by greater efforts to become a global processing hub. While the export growth in volume terms was limited to 7%, the unit value realised showed a significant increase. According to the Indian Spices Board, 374,000 tonnes of spices were exported earning Rs35.75bn ($792.95m) compared with a revenue of Rs26.27bn from 350,000 tonnes in 2005/06. The export target was exceeded by 22% in volume terms and 43% in dollar value, according to VJ Kurian, chairman of the Indian Spices Board... Read More