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Price Of Spices On The Rise In India

India is the largest producer, consumer, and exporter of spices in the world, and over the years, the <br>domestic production of different spices have increased significantly. Madhya Pradesh, Rajasthan, <br>Gujarat, Andhra Pradesh, Telangana, etc. are some of the top spice producing states of India and <br>approximately 75 of the 109 varieties listed by the International Organization for Standardization<br>(ISO) are made in India.

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Price Of Spices On The Rise In India

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  1. Price Of Spices On The Rise In India India is the largest producer, consumer, and exporter of spices in the world, and over the years, the domestic production of different spices have increased significantly. Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Telangana, etc. are some of the top spice producing states of India and approximately 75 of the 109 varieties listed by the International Organization for Standardization (ISO) are made in India. The most widely produced and exported varieties of spices are pepper, cardamom, chili, ginger, turmeric, coriander, cumin, celery, fennel, fenugreek, garlic, nutmeg, and mace. Chili, cumin, turmeric, ginger, and coriander make up about 76% of the total production of spices. Rise in Prices Of Spices In India Following tomato, the cost of hot spices is currently skyrocketing. The average person has begun using cumin and turmeric less due to a 30% price increase of the commodities. Exports and high domestic demand have caused the price of jeera to increase to Rs 56,000 per quintal. Due to a decline in production following unseasonal rains in March, prices for cumin are continuously rising in Gujarat and Rajasthan, the two states that produce the majority of the crop. According to Mr. Mandi Pukhraj Chopra, a commodity expert from Rajasthan, standing crops have been harmed by Biparjoy hailstorm and unseasonal rain. Instead of 75 lakh bags of the crop, there is a chance that only 50–52 lakh bags will be available due to the good cumin yield in this area. This benefits those who stock spices, and prices start to soar. The cost of dry ginger and ginger is also increasing at the same time. According to APMC Secretary, Mr. Anil Chavan, Karnataka's unusually heavy rains are to blame for ginger's price increase to Rs 325 per kg.

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