The government will soon unveil long- and short-term policies to help vanilla growers garner greater market share in the domestic and international markets, commerce and industry minister Kamal Nath said Monday. |
Vanilla is a very important commercial spice for India and there is a need to create a "huge" market for the commodity, Nath said at a meeting with parliamentarians, who had called on to apprise him of the problems being faced by vanilla growers. |
The minister asked the State Trading Corp. of India to conduct a study to figure out the exact demand for vanilla in India and abroad. The study is also aimed at increasing vanilla consumption in the country. |
He said the government would monitor imports of natural vanilla beans to protect the interests of Indian vanilla growers. |
Officials from the agriculture ministry, Spices Board and representatives from vanilla growers associations also took part in the meeting. |
Early this month, the Spices Board had said it has stepped up relief measures for vanilla growers who are reeling under the impact of declining prices. The centre has provided a Rs 1,400 crore assistance to the Board"" the bulk of which would be spent to boost vanilla exports. |
India's vanilla farming was severely affected after global prices fell in the last couple of years with production in Madagascar "" the world's largest vanilla producer--picking up after a devastating cyclone of 2001. |
A cyclone in the Indian Ocean island--the world's largest vanilla producer"" had hampered vanilla supplies over the next three years. |
Indian vanilla farmers had increased production after the cyclone hoping for better prices in global markets. However, with the resurgence of Madagascar output, Indian farmers took a hit as global prices started falling. |
Vanilla farming is carried out in Kerala, Tamil Nadu and Karnataka by small and marginal farmers. It is grown over nearly 1,000 hectares. |
The Board official said the government is helping farmers tap the US market as the country consumes about 30 per cent of the world's vanilla output. |