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Date: 26/06/2024

Red chilli exports soar by 15 pc in FY24

Indian red chilli exports have hit a record value of $1.509 billion in FY23-24, an increase of 15 per cent over the previous year on the back of robust demand from China and Bangladesh. In 2022-23, chilli exports stood at $1.30 billion. In rupee terms, chilli exports during 2023-24 stood at Rs 12,492 crore, registering a growth of 18 per cent over the previous year’s Rs 10,564 crore. According to Spices Board data, red chilli export volume increased by 15 per cent in FY24 to 6.01 lakh tonnes from 5.24 lakh tonnes the previous year. Red chilli, worth $1.50 billion, comprised about 34% of India’s total spices exports which were valued at $4.46 billion in FY24. China was the top importer of Indian red chillies in FY24, purchasing over 1.79 lakh tonnes valued at Rs 4,123 crore, as per a report.
 
Source: Exim News Service: New Delhi, June 25



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