Spice Export

The company is looking to expand its play in the international market-with a focus on Gulf Cooperation Council (GCC) countries

Zoff, founded by brothers Akash Agrawal and Ashish Agrawal, has achieved a 40 per cent compound annual growth rate (CAGR) over the past four years, leveraging e-commerce platforms, they said

Britain then tightened controls on all spice imports from India, while New Zealand, the United States and Australia have said they were looking into issues related to the brands

EtO is often used in the food industry to reduce bacterial load, yeast and mould, as a fumigant

After Singapore and Hong Kong, Nepal has also banned the sale and import of certain spice-mix products manufactured by Indian brands over alleged quality concerns. Four spice-mix products by MDH and Everest were banned in the Himalayan nation from Friday due to suspected ethylene oxide or EtO contamination, according to the Department of Food Technology and Quality Control here. Under this, Madras Curry Powder, Sambhar Mixed Masala Powder; Mixed Masala Curry Powder of MDH and Fish Curry Masala of Everest have been banned in Nepal. As residue contents of ethylene oxide are found to be exceeding the prescribed limit in these four products, the import and sale of these products are banned within the country as per Article 19 of the Food Regulation 2027 B.S., the department said in a notice issued on Friday. Our serious attention has been drawn towards media reports about the sale of these sub-standard products in the market, and they are harmful for consumption, it said. The food qua

Regulators in India have inspected MDH and Everest plants and sent samples for testing after the global scrutiny, though the results have not yet been made public

FSSAI's action is welcome but belated

Amid controversy over Indian spice exports, the Centre mandates state governments to conduct quality tests

Earlier, some MDH and Everest spice mixes were recalled in Singapore, while Hong Kong suspended their sales over high levels of ethylene oxide

The masala-maker company clarified that only one out of its 60 products have been held for examination in Singapore

Homegrown FMCG firm Dharampal Satyapal Group is planning to spend about Rs 125 crore this fiscal on advertising, marketing, stepping up distribution network in tier II and III cities and in quick commerce for its core brand Catch Spices, which has entered the Rs 1,000 crore club, a top company official said. The group plans to introduce new products such as rasam powder and others to suit tastes in south India under its Catch Spices brand as it seeks to penetrate in the region as part of an overall strategy to grow at a CAGR of 30 per cent in the next five years. "We are on the path of growth. In 2023-24 we crossed Rs 1,000 crore mark in salt and spices (under the Catch Spices brand) and we are optimistic about the category," Dharampal Satyapal (DS) Group Vice Chairman Rajiv Kumar told PTI. However, he said it is a very tough category for any new entrant to get into. "We have grown around 22 per cent CAGR over the years. In the last two years we have grown at a CAGR of 24 per cent.

Since 1950, India's per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1,28,829 in 2020-21

Union Minister of Commerce and Industry Piyush Goyal asked the spice exporters to strive to maintain the comparative advantage to sustain the growth in the spice sector

In domestic currency, thanks to forex advantage, spices exporters raked in even better realisations which rose by 34 per cent to Rs 2,721 crore in June 2020 from Rs 2,030 crore in the comparative mont

Indian cottons were prized for their fineness of weave, brilliance of colour, rich variety of designs and a dyeing technology that achieved a fastness of colour unrivalled in the world

The growth, according to the spice board, was mainly due to market interventions and emphasis on value-added products by the Board to promote Indian spices globally