The All-India Spices Exporters’ Forum has voiced concern over the US tariff hike, saying that it could negatively impact the sector’s export competitiveness, supply chain economics, and long-term trade relationships.
The US has long been a key destination for Indian spices, with total spice exports to the US reaching 111,484 tonnes valued at ₹5,127 crore in 2023-24. The US government’s decision to impose higher tariffs on Indian exports is a significant development for the industry, said Emmanuel Nambusseril, Chairman, AISEF.
US buyers may shift their sourcing patterns due to higher tariffs, which could affect the demand for Indian spices. It is likely that these additional costs will reduce profit margins for Indian exporters in the sector, especially for small and medium-sized enterprises (SMEs), he said.
“We urge both governments to engage in meaningful dialogue to find solutions that ensure continued trade cooperation. The Indian spice industry has built a strong reputation for quality, sustainability, and reliability in global markets, and we are committed to maintaining this standing,” he added.
AISEF is watching developments and will continue to work with industry stakeholders to navigate these changes, and advocate for policies that support a resilient and sustainable spice trade. “We remain hopeful that trade negotiations will lead to fairer outcomes that benefit both Indian exporters and American consumers alike”, he said.
Published on April 3, 2025
The All-India Spices Exporters’ Forum has voiced concern over the US tariff hike, saying that it could negatively impact the sector’s export competitiveness, supply chain economics, and long-term trade relationships.
The US has long been a key destination for Indian spices, with total spice exports to the US reaching 111,484 tonnes valued at ₹5,127 crore in 2023-24. The US government’s decision to impose higher tariffs on Indian exports is a significant development for the industry, said Emmanuel Nambusseril, Chairman, AISEF.
US buyers may shift their sourcing patterns due to higher tariffs, which could affect the demand for Indian spices. It is likely that these additional costs will reduce profit margins for Indian exporters in the sector, especially for small and medium-sized enterprises (SMEs), he said.
“We urge both governments to engage in meaningful dialogue to find solutions that ensure continued trade cooperation. The Indian spice industry has built a strong reputation for quality, sustainability, and reliability in global markets, and we are committed to maintaining this standing,” he added.
AISEF is watching developments and will continue to work with industry stakeholders to navigate these changes, and advocate for policies that support a resilient and sustainable spice trade. “We remain hopeful that trade negotiations will lead to fairer outcomes that benefit both Indian exporters and American consumers alike”, he said.
Published on April 3, 2025
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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