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THE CONFERENCE PROCEEDINGS - IFEAT

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INDIA’S SPICE OLEORESIN INDUSTRY: WAY FORWARD INITIATIVESShanavas BavuSynthite Industries Ltd,Kolenchery,Cochin – 682311,Indiashanavas@synthite.com“Globalization began with the spice trade. It was the world’s first long distance exchange, its mostprofitable and for two millennia its most mysterious.”Source: Historical classic, ‘The Spice Route’ by John KeayINTRODUCTIONThe Indian story of value added spice products began in the early 1970s. Over the years, withinvestments in quality and supply chain management, it has emerged to be the largest in the world. Itis not only a local sourcing and processing point but also changed itself as a value addition hub for thespice crops from the Asia-Pacific region and elsewhere across the globe.This paper reviews the industry’s current position, the challenges and its efforts to maintain theprogress and deliver the best to the world.OVERVIEW OF <strong>THE</strong> INDUSTRYThe export of spice oleoresins and essential oils from India amounts to 7,800 tonnes in volume andUS$ 255 million in value7800760074007200700068006600640062006000Quantity, MT2007-08 2008-09 2009-10 2010-11 2011-12Figure 1: Oleoresins & Essential Oils Exports (Volume)39

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