Focus: GS-III Agriculture
Why in news?
The pandemic appears to have added a new sheen to the export of spices considered to boost physical immunity.
- Export of the spices like ginger, turmeric, coriander and cumin has shown a sizable increase during April-July 2020.
- The increased demand is seen in big markets like the USA and Europe, and India had emerged as the largest exporter of spices in the world, ready to meet the increased demand.
- Spices export business crossed the US$3 billion-mark during 2019-20 for the first time with 10% growth in value even though the overall exports from the country showed a decrease of 5% for the whole of 2019-20.
- The spice which showed the most promise in 2019-20 was ginger, which registered an increase of 178% in volume of exports and 129% in value.
-Source: The Hindu