INDIA'S spice shipments broke the export target and previous record in 2010/11 and the country's Spices Board believes this is the foundation for even stronger growth in the future. A new record for exports in the year ending March was set at 525,750 tonnes, a near-5% climb from the previous year's 502,750 tonnes. By value, the exports were an all-time high too of Rs68.41bn ($1.5bn), a 23% rise from Rs55.61bn a year before. The board had revised down its targets for the last fiscal year due to the economic slowdown in the US and EU markets to 465,000 tonnes valued at Rs51bn... Read More