Minerals And Cardamom Export To Bangladesh Increased In 2017

Brown cardamom is valued by both by the government as well as farmers because of its high value and enormous export potential.

Cardamon cultivation in Bhutan. (Source: http://yesheydorji.blogspot.gr)

 

By Rajesh Rai | Kuensel

Based on the figures released by the Bhutan Exporters Association (BEA), the export of minerals to Bangladesh has increased by a huge margin in 2017.

Rise in the export of minerals to Bangladesh over the past 5 years

Bhutan exported about 2.12 million (M) metric tonnes (MT) of minerals worth USD 37.60M last year. This was a significant increase in comparison to 2016 in which Bhutan exported 4,23,300MT worth USD 10.58M of minerals.

BEA’s general secretary, Tshering Yeshi, said that the export increased due to the increase in export of stone chips and boulders. Stone boulders and stone chips are in huge demand in Bangladesh.

Last year, Bhutan exported 1.84M MT of stone chips and boulders. This alone contributed to earnings of USD 27.64M. In 2016, Bhutan was able to export 2,49,800MT of stone chips and boulders worth USD 3.65M.

Tshering Yeshi said that there was not much change in the export of other minerals like dolomite powder, dolomite lumps, limestone lumps, limestone powder, gypsum boulder and silicon.

Five years ago, Bhutan exported about 217,130.01MT of minerals worth USD 8.24M to Bangladesh. Since then, minerals export has steadily increased each year.

Cardamom is one of the top cash crop in Bhutan

According to the Royal Spices Company which is comprised of global spice merchants and investors, the cardamom are sourced from the Sarpang district in Southern Bhutan. The ‘Big’ species of cardamom is regarded as one of the top cash crop in Bhutan which contributes significantly to the GDP of Bhutan. In fact, the big cardamom is featured as one of the top 10 commodity exports of the country. The big cardamom is valued for its high quality essential oil.

In particular, the brown cardamom is valued by both by the government as well as farmers. The reason is that it is of high value, and is of enormous export potential. Thus the commodity fetches very attractive prices for the farmers. This is also the only spice grown in Bhutan that had little domestic consumption. Thus, whatever was produced was shipped abroad to earn foreign currency.

Increase in the export of cardamom to Bangladesh

Meanwhile, although the market for cardamom was sluggish with unpredictable prices, cardamom export to Bangladesh increased in 2017.

Bhutan exported 669MT of cardamom in 2017 and earned USD 7.35M. This is the highest quantity of cardamom exported to Bangladesh in the last eight years. In 2016, Bhutan exported 300MT of cardamom and earned USD 4.5M.

The proprietor of the Bhutan Export Business Line (BEBL) based in Phuentsholing, Yeshey Wangchuk, said that although the export increased in 2017 but the price was not good.

“Export would increase and that is when the price drops,” he said. “When the quantity is less, the price increases.”

At present, BEBL is exporting cardamom at USD 11,000 per MT to Bangladesh. Yeshey Wangchuk said that the price could increase during the festival season in Bangladesh.

The current market price for the cash crop has again dropped in Phuentsholing. A kilogramme (kg) of cardamom fetches between Nu 600 and Nu 640. Whereas in January and February this year, a kg of cardamom fetched between Nu 700 and Nu 840.

 

This article first appeared in Kuensel and has been edited for the New Bhutan Times.

 


Related Posts

Farmers in Samtse Ready To Reap Quinoa

Farmers in Samtse are gearing up to harvest quinoa, a new crop which they started cultivating on a small scale as a...

Jan 18, 2018 07:18

Eastern Farmers Cashing In On Watermelon Cultivation

Farmers said that growing watermelons is easier than cultivating other cash crops like chillies and potatoes, since...

Jan 28, 2018 16:34

Cultivating Hazelnuts in Bhutan

All across Bhutan, thousands of farmers are partnering with Mountain Hazelnuts to cultivate millions of hazelnut trees...

Feb 27, 2018 10:03

Villages in Wangdue Prepare for Kiwi Plantation

The Agriculture extension supervisor of Dakar said that people of the gewog are interested to grow kiwi due to good...

Mar 04, 2018 08:00

Growing Black Sesame in Nichula

“The weather and soil are suitable for this crop,” the manager said, adding that the Farm Machinery Centre (FMC) in...

Feb 02, 2018 07:17

Orange Trees Climb Higher in Bhutan with Climate Change

“Since the upper altitude regions are bearing more oranges than lower altitude regions, we believe it’s due to the...

Mar 25, 2018 21:13

Latest

News

Bhutanese Youth Devised Gross National Happiness Projects At The GNH Youth Leadership Programme

About 30 students attended the workshop from seven colleges in Bhutan.

Jul 16, 2018 18:41

Ashi Tashi Chodzom Dorji Becomes First Bhutanese To Be Honoured With Order Of Australia Award

She was instrumental in strengthening the relations between Bhutan and Australia.

Jul 12, 2018 11:38

Features

Bhutan's climb to medicines safety

Pharmacovigilance is the science and activities relating to the detection, assessment, understanding and prevention of adverse drug...

Jul 17, 2018 14:31

11th Golden Youth Award Camp Aims To Inspire Bhutanese Youth To Excel Holistically

The camp’s theme ‘Celebrating Unity for Excellence’, is a pledge by the youth to be advocators and agents of peace, harmony and...

Jul 12, 2018 16:14

Sports

Future Of Bhutan’s Women Football Depends On The Development Of Local Coaches

The football coach of the national women’s team, Sung Jea Lee said that there is a need to train local coaches.

Jul 08, 2018 18:16

Bhutan’s Two Young Representatives Shared Their Unforgettable Experiences At The 2018 FIFA World Cup in Russia

Bhutan was represented by two students, Rigzin Tenzin, 12, from Gelephu and Kinley Deki Yangzom, 12, from Lobesa Lower Secondary School,...

Jun 30, 2018 14:06

Business

Royal Bhutan Helicopter Services Has Generated Profits And Served More Than 500 Tourists And Locals Since 2016

The RBHS was launched with the primary objective of providing services during medical emergencies and natural disasters and also for tourism...

Jul 14, 2018 14:23

White Button Mushroom Trial Cultivation A Success In Chukha, Bhutan

In April this year, four areas were identified in Darla (Tala), Chasilakha and Tsimalakha for the trial programme.

Jul 09, 2018 18:27

Travel

Heading To Haa, Bhutan For The Summer Festival? Here Are Some Culinary Delights You Must Not Miss!

Savour the most delectable cuisine from the province of Haa in Bhutan.

Jul 13, 2018 14:54

Rare Masked Dances - One Of The Unique Features Of The Kholong Tshechu (Brawl Festival) In Bhutan

“Other dances like the Pha-dong chham, Sangling Ngachham, and Terchham among others are not performed in any part of the country,” said...

Jul 03, 2018 14:44

Lifestyle

Suja – Bhutanese Butter Tea Infused With Happiness To Kickstart Your Day

Traditionally, Suja is made from tea leaves, water, salt and yak butter.

Jul 17, 2018 17:19

Bhutan Film Festival Held In Sikkim To Commemorate 50 Years Of Bhutan-India Friendship Ended With Colourful Traditional Dances

Bhutanese celebrities and Sikkim’s local artists performed various traditional and cultural performances at the festival.

Jul 15, 2018 14:32

Subscribe to our newsletter

Never miss out on new happenings and news stories!