Exports of major agriculture and processed products, promoted by the Agricultural and Processed Food Products Export Development Authority (APEDA), have jumped by 15.68 percent to $17,43 billion during April-November of the current fiscal from $15,07 billion a year ago.
Exceeding the target, APEDA products registered a record $24,76 billion in FY22, still, the target for the current fiscal has been set at $23,56 billion.
Already 74 percent of the target has been achieved in eight months of the current fiscal and it is likely that in the remaining period the same growth momentum will be maintained, officials said.
On the achievement, APEDA Chairman M Angamuthu said: “We have been working with all the stakeholders such as farmers, exporters, and processors to ensure that quality agricultural and processed food products are exported from the country.”
For friendly countries
Even as the ban on wheat export continues, due to the decision to allow shipments on prior commitment, its export has jumped 29.29 percent to $1.50 billion during April-November this fiscal from $ 1.17 billion in the year-ago period, the commerce ministry said on Friday. The government also allowed shipments on diplomatic request to meet the food security of friendly countries.
Basmati rice exports have surged by 39.26 percent to $ 2.87 billion from $2.06 billion, while that of non-basmati rice registered a modest growth of 5 percent to $ 4.2 billion from $ 3.9 billion in the year-ago period.
Fresh fruit exports
Fresh fruits exports registered 3.9 percent growth to touch $991 million from $954 million, while that of pulses increased by 90.49 percent to $392 million from $206 million, the Ministry said. Exports of processed fruits and vegetables have jumped to $1.31 billion from $988 million and dairy products recorded a growth of 33.77 percent to $421 million from $315 million.
The export of poultry products increased by 88.45 percent to $82 million from $43 million and that of other cereals including maize by 12.9 percent to $699 million from $619 million.
The rise in the export of agricultural and processed food products is the outcome of various initiatives taken for the export promotion of agricultural and processed food products such as organizing B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by the active involvement of Indian Embassies, the ministry said.
APEDA has been given a mandate for the promotion of all agri products, broadly divided under 27 categories, except tea, coffee, spices and marine products. APEDA had a share of over 50 percent in the entire export in agriculture and allied sector valued at $50.21 billion during 2021-22.
Source: The Hindu Business line
Import/Export Statistics
Please click to reach our marketplace
The following reports may be of interest to you:
Author
Related posts:
Wheat Prices Continue to Grow in Ukrainian Seaports 
Wheat Prices Will Increase by $1,28 per KG Till Navratri, September End 
Wheat Prices High by 4%, Uptrend is Expected on Festive Demand 
Ukrainian Grain Has to Be Traded Below the Market 
Organic Buckwheat Kernel: Changes After Holiday at China During the Spring Festival in the domestic market, there was a small peak of organic buckwheat kernels, and prices rose 
Chinese Hulled Millet: Prices are at Risk of Falling The market supply pressure is apparent 
Organic buckwheat kernel: Price decline before the Spring Festival 
Buckwheat kernel: Producers are confident