We all know that India is the land of spices. Indian food without spices is considered incomplete and bland. Spices are one of India’s largest exports. There are many interesting facts about spices and their trade in India.
1) It Is The Largest Producer, Consumer, And Exporter Of Spices In The World
– Yes, it is true! You might have seen some other country claiming to be the largest producer or exporter of spices, but we have been doing this long before they could even think of it. India produces over 75% of the world’s total spices and contributes around 45% of the world’s spice export.
2) Pepper Was A Major Cause Of War
– When Columbus discovered America, he was actually looking for a new route to India so that he could get his hands on precious Indian pepper. Pepper is one of the most commonly used spices in our daily diet. It was so precious in those times that its cost was equivalent to Gold and resulted in many wars between different countries.
3) Spices Were Used As Currency In Ancient Times
– There was a time when spices were used as currency by people. They were also used as gifts to kings and queens during special occasions like birthdays, anniversaries, etc.
4) India is the world’s largest producer and exporter of spices
– The Indian spice industry is not only one of the oldest industries in India but also the most vital sector of agriculture. In fact, it is estimated that more than half of all agricultural production in India is related to spices! The country produces around 75% of the world’s spices and exports them to nearly 100 countries around the globe.
Spices consumption in India
Spices consumption in India has been on the rise in recent years, with over 35% of households consuming spices and a further 15% of households reporting purchase intent. There is also a strong correlation between age and income level with an increase in spice consumption.
The most popular Indian spices consumed by Indian households are turmeric (used in 77% of households), followed by chili (69%), cumin (64%), coriander (59%), black pepper (58%), fenugreek (52%), garlic powder (51%), ginger powder (50%) and cardamom (48%).
Spices production in India
Indian Spices are the hottest in the world. The total production of spices in India was 3.88 Million Metric Tons (MMT) during the year 2017-18 (July-June).
Spices Production in India is expected to grow at a CAGR of 5.5 percent to approximately 4.2 MMT by 2022, driven by rising disposable income and changing lifestyles, new product development, and increasing demand for ethnic food items around the globe.
India produces about 70 species of spices out of more than 300 species available globally. Of these, 53 are grown commercially in India. Major spices produced and exported from India include chili, pepper, turmeric, ginger, cumin, coriander and fennel. Turmeric and chili account for about 60% of the total value of Indian spice exports.
Buy spices online in India through Tradologie.com
Spices are the most important ingredient in every dish. They make your food tastier and healthier too. It is a natural way to add flavor and taste to the food. A dash of spice can do wonders to any recipe.
Spices are magical ingredients that can transform any bland dish into a delicious one. You can even add them while cooking or sprinkle them on the top after the dish is ready. You can also make spice mixes by combining several spices together and use them according to your requirements in different dishes.
Tradologie has brought you a delightful collection of fresh and aromatic spices which will turn your cooking into a delightful experience for everyone. This is the best place to buy spices online in India as you get all kinds of spices at one place only.
What is Tradologie.com
Tradologie.com is an online B2B Marketplace for Trade where global buyers and suppliers can connect with each other to fulfill their buying and selling requirements efficiently. It offers a comprehensive suite of services that aims to enhance the performance and efficiency of the supply chain industry, which includes:
● Bidding: It offers a platform to buyers and sellers to bid on products and services in real-time, which helps them in reducing the procurement costs significantly.
● Reverse Auction: It offers an electronic auctioning platform that enables buyers to buy bulk spices and multiple products by inviting bids from multiple sellers, who compete against each other to win the order.
● Request for Quote (RFQ): It offers an electronic way for buyers to request quotes from multiple suppliers on specific products or services they are looking forward to purchasing.
How Tradologie.com simplifies spices trade around the world
Tradologie.com has taken a bold step towards simplification of the spice trade in India and around the globe. At the inaugural event on International Spices Day (21st October 2017), Tradologie took the initiative to bring spices sellers and buyers on a common platform that is easily accessible to both sides using the internet and mobile phones.
Tradologie offers an effective blend of e-commerce and B2B platforms for spices trading. It prevents the spice sellers from exploitation by middlemen, which is the biggest problem for buyers, and hence spice prices are low.
Tradologie is not just a platform where sellers can register free of cost; it also offers free consultancy to sellers about quality-control mechanisms and price volatility of their products.
The platform also helps buyers to find verified spice suppliers from around the world, which will help them to eliminate or reduce the risk involved in trading. As Tradologie has incorporated all basic factors like payment terms, delivery time, and quality check mechanism in its agreement with sellers, buyers are assured of receiving their order on time with exactly the same quality as mentioned in product details.