An ancient land with a rich heritage of culture and trade spanning thousands of years, the history of the spice trade in India can be traced back as far as the birth of civilization. It has defined the course of history leading to the shaping of the modern world in more ways than one. The spice trade has fueled everything from war to progress and essentially given rise to rapid Globalisation. Mankind’s quest for spices began when the art of cooking took shape and flavours and aromas were discovered to make food more palatable.
The importance of the spice trade does not end with History alone but is just as relevant today in the post-pandemic world. International trade as a whole took a bad hit during the pandemic as countries closed their borders and put into place stronger safety measures, especially in the food industry. The industry emerged triumphant with the deployment of digital solutions where physical meetings were not possible. No matter what challenges the pandemic posed, the spice trade has met with a quick adaptation of new coping methods. Even in scenarios such as supervised cultivation or contract farming, IT solutions, and mobile apps have been leveraged to replace the physical interactions needed.
India leads the market with over 65% share in the production and export of spices such as mint, coriander, turmeric, and cumin. It also has a healthy share of the market in spices such as cardamom, chili, and ginger. The value-added produce market is the new focus of the industry in India to increase competitiveness in the global market when it comes to price advantage. Overall a healthy trend of recovery and growth is undeniably present with great things to look forward to.