Telangana spice exports up 37% in 5 yrs: Report

Hyderabad: Spice exports from Telangana have been growing at a compound annual growth rate (CAGR) of 37 per cent for the past five years till FY 2020-21, says a report. This is perhaps because of its extensive chilli exports.

Drip Capital Inc, a global trade finance company, recently released its latest commodity analysis on India's spice exports. The report discusses different spices exported by India from analysing proprietary and publicly available data to understand several emerging market trends within the industry.

According to the report, India is the largest exporter of spices globally, the western plateau and hills of Telangana, Maharashtra, and Karnataka produce over 60 per cent of the country's turmeric. Despite Telangana being the largest producer of turmeric, producing 30 per cent of the commodity, it barely contributes to its exports.

Telangana is also the second-largest producer of chillies in India and due to the highly suitable climatic conditionsfor chilli productionin Telangana.