HomeEconomyExports of agricultural and processed food products worth USD 25.6 billion in...

Exports of agricultural and processed food products worth USD 25.6 billion in 2021-22

Exports of agricultural and processed food products increased by 25 percent during the six months of the current financial year 2022-23 (April-September) compared to the corresponding period of the fiscal year 2021-22. According to preliminary data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), total exports of agricultural and processed food products increased by 25 percent in USD terms during April-September 2022.

Total exports of Agricultural and Processed Food Export Development Authority (APEDA) products increased to USD 13771 million in April-September 2022 from USD 11056 million in the same period last fiscal year. The initiatives of the Department of Commerce and Industry through APEDA have helped the country achieve 58 percent of its total export target for 2022-23 within six months of the current fiscal. For the year 2022-23, APEDA has set an export target of USD 23.56 billion for the basket of agricultural and processed food products and exports of USD 13.77 billion have already been achieved in these six months of the current fiscal.

According to preliminary DGCI&S data, processed fruits and vegetables registered a significant growth of 42.42 percent (April-September 2022), while fresh fruits registered a 4 percent increase over the corresponding months of the previous year. Also, processed food products such as cereals and various processed items showed a growth of 29.36 percent compared to the first six months of the previous year.

Fresh fruit worth USD 301 million was exported in April-September 2021, which increased to USD 313 million in the corresponding months of the current fiscal. Exports of processed fruits and vegetables jumped to $1,024 million in the six months of the current fiscal from $719 million in the corresponding months of the previous year. Pulses exports registered a 144 per cent increase in Q2 of the current fiscal compared to the corresponding months of the last fiscal as lentil exports increased from USD 135 million (April-September 2021-22) to USD 330 million ( April-September 2022-23 ).

Basmati rice exports registered a growth of 37.36 percent in the six months of FY2022-2023 as its exports increased from USD 1,660 million (April-September 2021) to USD 2,280 million (April-September 2022), while exports of non-Basmati rice registered a growth of 8 percent in the 2nd quarter of the current fiscal period. Its exports rose to $3,207 million in the six months of the current fiscal from $2,969 million in the corresponding months of the previous year.

Exports of meat, milk and poultry products grew by 10.29 per cent in the six months of the current fiscal and exports of other cereals registered a growth of 12.29 per cent. Poultry products alone registered a growth of 83 per cent as their exports rose to $57 million in the half-year period of the current fiscal from $31 million recorded in the corresponding months of the previous year. Likewise, dairy products registered a growth of 58 percent as its exports rose to USD 342 million in Q2 of the current fiscal from USD 216 million in Q2 of the previous year.

Wheat exports saw a 136 percent increase in the 2nd quarter of the current fiscal. Wheat exports rose to $1,487 million in April-September 2022 from $630 million in April-September 2021. Exports of other cereals increased from USD 467 million in April-September 2021 to USD 525 million in April-September 2022 and exports of livestock products increased from USD 1903 million in April-September 2021 to USD 2099 million in April-September 2022. Commenting on this achievement, M Angamuthu, Chairman, APEDA said, “We have been working with all stakeholders such as farmers, exporters and processors to ensure that quality agricultural and processed food products are exported from the country.”

According to DGCI&S data, the country’s agricultural exports rose 19.92 percent to $50.21 billion in the last fiscal year 2022. The growth rate is significant as it surpasses the 17.66 percent growth to $41.87 billion achieved in the previous fiscal year 2020-2021 and was achieved despite unprecedented logistical challenges of high freight rates and container shortages etc. APEDA made new history by facilitating exports of agricultural and processed food products worth USD 25.6 billion in 2021-22, which was about 51 percent of India’s total agricultural exports of over USD 50 billion.

“By creating the necessary export ecosystem along with working with key stakeholders in the agri-export value chains, we aim to sustain the growth of India’s agricultural and processed food exports in the current fiscal,” Angamuthu said. The increase in exports of agricultural and processed food products is the result of the center’s initiatives to promote the export of agricultural and processed food products such as holding B2B exhibitions in various countries, exploring new potential markets through product and general marketing campaigns and active involvement of Indian embassies.

The government has also taken several initiatives to promote products that have registered Geographical Indications (GI) in India by holding virtual buyer-seller meetings on agricultural and food products with the UAE and GI products including handicrafts with the US. In an effort to promote Indian wine exports, APEDA has enabled 10 wine exporters to participate in the London Wine Fair held between June 7-9, 2022.

APEDA launched an eight-day mango festival in the Kingdom of Bahrain

The Centre, through APEDA, recently organized a conference on enhancing the export potential of natural, organic and GI-agro products from North Eastern states in Guwahati, Assam. The objective of the conference was to promote the export of natural, organic and GI agro products grown in Assam and neighboring states by creating international market linkages.

In collaboration with the Union Territory of Ladakh, APEDA recently organized an international buyer-seller meeting aimed at promoting the export of apricots and other agricultural products from Ladakh. Eighteen entrepreneurs from UTs in Ladakh, Jammu and Kashmir exhibited a variety of apricots and other agricultural products. Twenty buyers from India, USA, Bangladesh, Oman and Dubai participated in this event.

APEDA launched an eight-day mango festival in the Kingdom of Bahrain on June 13. At the exhibition, 34 varieties of mangoes from eastern states including West Bengal, Bihar, Jharkhand and Odisha were on display at the Al Jazira Group supermarket in Bahrain. The Mango Show in Bahrain is part of APEDA’s new initiatives to explore international markets for Indian mangoes as part of the ‘Mango Festival 2022’. It is the result of APEDA’s commitment to provide a global platform for Indian mangoes. It should be noted that for the first time, 34 varieties of mangoes from the eastern states were exhibited in the exhibition.

Read Now :<strong>Money laundering case: Jharkhand CM Hemant Soren was summoned by ED for illegal mining in the state</strong>

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

Shehnaaz Gill Stuns in Ethereal White Salwar Suit, Sets Fashion Goals Ablaze

Shehnaaz Gill, known for her impeccable fashion sense, once again dazzles her fans with a mesmerizing ethnic look. In...

Ranbir Kapoor and Alia Bhatt Plan to Name ₹250 Crore Bungalow After Daughter Raha Kapoor

Ranbir Kapoor, Alia Bhatt, and Neetu Kapoor were recently spotted together at their under-construction bungalow in Mumbai's Bandra area....

PM Narendra Modi and Bill Gates Discuss AI, Technology Future, and Women Empowerment

New Delhi: Prime Minister Narendra Modi and Microsoft co-founder Bill Gates engaged in discussions covering a broad spectrum of...

Unraveling the Mystery of the Sun’s Bizarre Rotation with Varying Spin Rates Across Different Latitudes

The Sun's rotation is a peculiar phenomenon that has long baffled scientists. Unlike what one might expect, its surface...