Minerals And Cardamom Export To Bangladesh Increased In 2017

Email

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 Daily Bhutan.

 


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

Her Majesty the Gyalyum Sangay Choden Wangchuck is the individual laureate for 2020 UN Population Award

Nov 15, 2020 11:56

The Great Fourth King and Fifth King of Bhutan on Royal Tours amid the COVID-19 pandemic brought tears to many Bhutanese.

Many Bhutanese people eyes brimmed with tears. The heart was a knot of inexplicable emotions when they saw His Majesty the fourth King...

Oct 07, 2020 09:16

Features

First streaming platform for Bhutanese films

Check out BESKOP - the first streaming platform for Bhutanese films!

Nov 18, 2020 16:05

If you can land in Paro Airport, you can land anywhere in the world

William Fernando Reyes Rosal hailing from Guatemala shares his experience living and working in Bhutan.

Nov 06, 2020 11:37

Sports

Football clubs in Bhutan gearing up for Bhutan Premier League (BPL) 2020

Bhutan Premier League (BPL), the top national football tournament in Bhutan is set to commence on August 1.

Jul 24, 2020 14:33

Karma – Female Archer From Bhutan Qualified For Tokyo 2020 Olympic Quota

Karma has been specialising in Olympics-style archery since 2009.

Nov 30, 2019 13:18

Business

Bhutan- The Kingdom of Peppers

Bhutan is a country with the highest per-capita consumption of chilli.

Sep 26, 2020 09:15

Are Local Vendors Earning More Money Than the Civil Servant?

A Farmer from Lango, Paro gave up farming to be vendor while office goers are switching into agriculture as the remedy to curb their...

Jul 27, 2020 19:15

Travel

Mt. Jomolhari in Every Trekkers Bucket list Around the World

Hundreds of tourist’s trek to wake up at the base of Jomolhari (Jangothang) to see the most spectacular Mt. Jomolhari, Mt. Tseringang and...

Nov 26, 2020 12:21

Lingzhi Yugyal Dzong; The Fortress located at Highest Altitude in Bhutan

The pilgrim/ visitors will either have to trek from Paro or Thimphu or effortlessly avail of helicopter service from Bhutan Heli service to...

Nov 14, 2020 17:36

Lifestyle

Food on Wheels- First of its kind in Bhutan

The World's Largest Fast Food Restaurant Chains doesn't exist in Bhutan.

Mar 04, 2020 09:39

Amazing Stories from the Eastern Part of Bhutan

You can't say you have visited the eastern part of Bhutan unless you have experienced the following bizarre things.

Mar 02, 2020 19:02

Subscribe to our newsletter

Never miss out on new happenings and news stories!

Download Daily Bhutan Mobile App

Connecting with us just got easier!