All That You Need to Know About Turmeric Export in India

Featured Image Caption: Turmeric Powder in Wood Bowls on Wooden Table and Herbs

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Planning to start a turmeric export business in India? If yes, then this is the right time you initiate it.

Turmeric has been famous around the globe since ancient days. It has a lot of benefits, especially medicinal and culinary. India exports most of its turmeric to the United States, Iran, and UAE. Popularly known as Haldi, Turmeric is one of the most used spices having a history of almost 4500 years.

Over these recent years, India’s domestic and foreign exports have witnessed a rise because it is seen as an immunity-boosting product.

India is the largest producer of turmeric and it produces around 70-75% of the world’s total turmeric production. Therefore, turmeric exports from India offer huge benefits to the Indian economy. India also dominates the global turmeric production scenario.

Turmeric Exports from India – Latest Market Trends

India acts as a major turmeric exporter. Previously in 2020, India earned around $201,152 thousand net profit from exporting turmeric. The demand for turmeric has also increased in the international market, while the value of India’s turmeric export has risen by 20% during last year, compared to a 6% growth in 2016-20.

The northeastern states Sikkim and Mizoram have higher production of turmeric and they have recently gained the opportunity of being recognised at the global level for turmeric exports. Both states now play a leading role when it comes to exporting turmeric from India.

Another important fact about turmeric is that it has evolved to be one of the most rapidly growing nutritional supplements since the Covid-19 global pandemic. During these covid years, India evolved to be the largest turmeric exporter in the world. Turmeric-growing lands in the country had increased by 12.5% between 2018-19 and 2020-21, from 261,922 hectares to 294,542 hectares. The country exported 1,36,000 tonnes of turmeric produced in 2019-20 which was worth Rs 1,216.4 crore.

How to start a turmeric export business?

If you want to start a turmeric export business, you need to get an IEC Code. You need to register your business with India’s Spice Board. As an exporter, you will require all the product certificates, and choose your target market.

You need to analyze the demand for your product in the foreign markets that you have chosen.

Here is everything you need to begin a turmeric export business in India.

Import-Export Code (IEC)
FSSAI Food License (Food Safety and Standards Authority of India)
GST Registration for your business
Registration of your business with the Indian Ministry of Corporate Affairs (MCA)
Certificate of Registration as Export of Spices (CRES) from the Spice Board of India.

Documents needed for Turmeric Exports

IEC
GST
An AD Letter from the bank
Certificate from the Spice Board of India
Plant & Quarantine Certificate known as the Phytho Certificate
A certificate of origin
Invoice
Packing List
Tax Invoice

Which are the top ports exporting turmeric from India?

There are several ports that export turmeric from India. As an exporter, you must know these ports.

Kolkata Sea Port (140)
Coimbatore Port (221)
Bangalore Air Cargo Port (251)
Trivandrum Air Cargo Port (425)
Raxaul Port (116)
Tuticorin Sea Port (496)

Benefits of starting a turmeric export business

Turmeric has a high demand in the global market. Moreover, it also commands high credibility within the global market.
Turmeric belongs to India’s spice industry. Therefore, it is considered to be a sustainable and viable option for making great profits for the Indian economy every year.
Turmeric exporters in the country are provided with a lot of subsidies that enable them to send their samples to foreign countries at reasonable rates.

Why do we need to focus more on turmeric production?

The turmeric industry has witnessed a significant increase in turmeric production and export over the covid years. It is because during that time people became more aware of the medicinal uses of turmeric and how it boosts the immune system.

Turmeric ranks third in the list of spices exported from India. This is due to the increase in demand for curcumin, a substance present in turmeric, which is vital in pharmaceuticals, cosmetics, and food-producing industries. It is a major factor leading to the rising importance of turmeric.

Conclusion

In this post, we have guided you with everything that you must know before starting a turmeric export business. In the coming years, turmeric might also take the exporters to great heights due to its positioning as an anti-cancer pharma brand.

As an exporter, you must study everything related to turmeric before planning to start a turmeric export business. The best thing that you can do is connect with a dgft consultant to guide you. They will offer the best possible guidance regarding how to start a turmeric export business from India and make a place in the targeted international markets.