India’s spice exports projected to reach $10 billion by 2030 ...Middle East

New Delhi: The domestic spice exports market is likely to reach $10 billion by 2030, entering newer geographies, according to Ramkumar Menon, chairman of the World Spice Organisation (WSO). At the ‘National Spice Conference (NSC) 2024’ event in Ahmedabad, Menon said the spice export growth in the first half this fiscal has seen 8.8 per cent growth (year-on-year). India’s spice exports for the first half of FY24 reached Rs 17,488 crore ($2.09 billion), according to Menon. The spice exports are set to surpass $4.7 billion for FY 24-25. To meet the ambitious $10 billion target, India needs to produce nearly 15 million tonnes of spices, he mentioned. The export of spices and spice products reac

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