Concerns over Indian spice quality prompt calls for urgent action from global trade analysts.
As concerns mount over the quality of Indian spices, international trade analysts are urging immediate attention from exporters. Despite India’s significant spice export value of $4.25 billion in FY24, constituting 12 percent of global spice exports, recent scrutiny from importing countries raises alarm. Delays in addressing quality issues could lead to substantial losses, with potential downturns estimated at $2.17 billion and $2.5 billion if China and the European Union follow suit.
The bans on Indian spice products by nations like Hong Kong and Singapore, coupled with recent pesticide contamination controversies involving Indian brands like MDH and Everest, underscore the urgency for action. Exporters are urged to prioritise transparency and resolution of quality issues to safeguard India’s position in the global spice market.
