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Vol. 10, Special Issue 7 (2021)

An economics analysis of processing and marketing of spices in Mungeli district of Chhattisgarh

Author(s):
Shiv Kumar Bhaskar, Dr. AK Gauraha, Sanjay Joshi, Siddharth Kumar, Ayush and Dr. VK Choudhary
Abstract:
In general, all aromatic vegetable products that are used for flavouring foods and drinks are known as spices. According to the International organization for Standardization (ISO) the term spices and condiments applies to such natural plant or vegetable products of mixture thereof, in whole or ground form, as are used as flavour, aroma, frequency and for seasoning of foods. In these 3 products maximum Input- Output ratio was 1:1.25 and minimum Variable: Cost (V: C) ratio was 0.80 for turmeric powder. The minimum Input-Output ratio was 1:1.07 and maximum VC ratio was 0.93 for Chilli Powder. The business performance of Spices product Turmeric powder, Coriander powder and Chilli powder in Deep women SHG Gailugoan, Lormi were as follows. The total sale of Turmeric powder was4 quintal, net return 40 Rs/kg and total return was 16000 rupees/ year. This was the maximum among all three products. The total sale of Coriander powder was 3.5 quintal, net return 30Rs/kg and total return was 10500 rupees/ year. Whereas the total sale of Chilli powder was 3 quintal, net return 20 Rs/kg and total return was 6000 rupees/ year.
Pages: 817-821  |  610 Views  275 Downloads
How to cite this article:
Shiv Kumar Bhaskar, Dr. AK Gauraha, Sanjay Joshi, Siddharth Kumar, Ayush and Dr. VK Choudhary. An economics analysis of processing and marketing of spices in Mungeli district of Chhattisgarh. The Pharma Innovation Journal. 2021; 10(7S): 817-821.

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