ARTICLE 4 #GlobalTrade

A related Index Box report focused on the broader Asia-Pacific region forecasts the wheat bran market to reach 58 million tons in volume and $14.6 billion in value by 2035 (slightly different regional scope).

Vietnam has also set ambitious targets to boost overall annual export turnover in the wider cashew industry, with total export revenue reaching historic highs in 2025 and new milestones being reported beyond mid‑year figures.

the development underscores the need for India to focus on quality differentiation, branding, and value-added spice products. Market analysts suggest that India still holds significant advantages, including established trade relationships, diverse spice varieties, and a strong reputation for quality.

The higher growth in export volume compared to value suggests increased shipment quantities, while moderate value growth reflects price trends and global market dynamics during the year. The Spices Board highlighted that the performance demonstrates the resilience of India’s spice sector and its expanding footprint in international trade.

Africa’s dominance in cashew production makes it a key player in global food supply chains. Any changes in production levels, climate conditions, or trade policies across the continent can significantly influence global cashew prices and availability.

The rise of e-commerce platforms has also made a wide variety of spices more accessible to both domestic and international consumers. Moreover, Southeast Asian cuisine is gaining popularity worldwide, contributing to rising exports and global demand for authentic flavors. As a result, the region is not only strengthening its position as a major consumer market but also as a key supplier in the global spices trade.