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

Trashigang Dzong Renovation to be Completed By June 2018

The Department of Culture’s Division for the Conservation of Heritage Sites has initiated the Trashigang Dzong conservation project worth Nu...

Apr 24, 2018 09:52

Japanese Language and Judo Centres to be Established in Bhutan

At the meeting with Lyonchhen Tshering Tobgay in Tokyo, the Prime Minister of Japan, Shinzo Abe said that Japan would support the...

Apr 19, 2018 00:21

Features

Combating Fallow Land in Bhutan

This phenomenon - the fallowing of land has been increasing over the years, causing concern to both villagers and authorities alike.

Apr 25, 2018 00:10

TSEM – Innovative Toys Made in Bhutan

“Incorporating our culture, our local folk stories and art in our toys is also a goal. Our mission is to keep learning and improving the...

Apr 23, 2018 00:55

Sports

Motivating Bhutanese Women’s Participation and Representation in Sports

A committee member with the WSCB, Tshering Zangmo said that there is a need to encourage more women to take up leadership roles in sports.

Apr 22, 2018 21:21

Bhutan’s Pelden Dorji Wins the First Asian Enduro Series in Nepal

Bhutan’s Pelden Dorji, 35 won gold in the masters A-category title at the recent Asian Enduro series held in the Nagarkot hills of...

Apr 18, 2018 06:13

Business

First Bhutanese Instant Noodles Hit Market

KP Noodles, manufactured by KP Foods in Chengmari, Samtse, has come up with noodles of three flavours – Hot Garlic Chicken, Spicy Chicken...

Apr 20, 2018 04:34

Demand for Bhutanese Honey Encourages Farmers To Take Up Bee-keeping

Bhutan’s organic honey is highly sought after for its fine quality.

Apr 16, 2018 00:31

Travel

New Film Shows How These Elite Runners Finished World's Hardest Trek In Just 2 Weeks

It usually takes a month to complete the Snowman Trek, but this group of athletes have done it in just two weeks.

Apr 23, 2018 10:41

Guidelines To Manage Bhutanese Heritage Sites

The guideline will identify the roles and responsibilities of cultural heritage professionals during response and recovery events as well as...

Apr 10, 2018 16:53

Lifestyle

Dhaari Nhaaba – A Movie Not to Be Missed

The veteran director, Kesang P. Jigme has used all the magic tricks in his bag again to weave a compelling narrative.

Apr 21, 2018 21:14

Mama's Dream - Bhutanese Clothing Line For Children

Mama’s Dream also manufactures its entire clothing items in Bhutan, hence it helps to create various employment opportunities.

Apr 16, 2018 21:50

Subscribe to our newsletter

Never miss out on new happenings and news stories!