In Andhra Pradesh, exotic breed of shrimp called litopenaeus vannamei has triggered a boom that saw the state grab a 45% share of the Indian seafood exports.
Cumin exports at 41,000 tonnes valued at Rs 637.50 crore for three months to June 2016 had shown 55% increase in quantity and 50% rise in value from a year ago.
Several exporters have been unable to meet the demand because of shortage of live crabs. India annually exports about Rs 300 crore worth of live crabs which are airlifted mostly to Southeast Asia.
A bumper crop last year has ensured that the daily cardamom auctions in Kerala and Tamil Nadu haven't stopped despite a drought before monsoon damaging the crop and delaying the harvest season in Kerala.
"Exports are tapering as Indian robusta prices are ruling high in the global market with restricted availability in the local market,” said Ramesh Rajah.
Indian pepper export volumes increased with more raw pepper imports last year. At 28,100 tonne, valued at Rs 1,730 crore, the export is the highest in almost a decade.
Neera sugar, prepared using a technology developed by CPCRI, has low glycemic index and, hence, can be consumed by those having high sugar levels.
Indian nutmeg prices, which touched Rs 1,000 per kg some years ago with short supply in Indonesia, have crashed to around 400 per kg level, which growers find unprofitable.
The improvement in shrimp prices in world markets has encouraged farms, mostly concentrated in Andhra Pradesh, to increase harvest.
The jeera July futures for delivery on NCDEX on Tuesday hovered around Rs 175 per kg, about 10% higher from a year earlier.
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