India’s agri exports up by 18 per cent to touch $ 10 billion in the first half of fiscal 2021

India’s exports of major 37 agriculture and processed products, promoted by Agricultural and Processed Food Products Export Development Authority (APEDA), jumped by 18 per cent to $ 10 billion during the first half of the current fiscal from the year-ago period.

Wheat, maize, meat, dairy and poultry products registered impressive export growths. The overall export of APEDA products was $ 8.51 billion in April-September 2020. However, agriculture economists believe it will be a challenge to sustain the momentum in the second half for APEDA to achieve the targeted 10-15 per cent growth this year as September had witnessed only about 4 per cent increase in shipments.

Exports of APEDA products basket had registered 23.8 per cent growth at $ 19.97 billion (Rs 1,47,814 crore) during 2020-21 as against $ 16.13 billion in FY20.

Export of rice, both basmati and non-basmati, recorded 12.3 per cent growth to $ 4.59 billion in April-September 2021. But there was a 110 per cent jump in other cereals like maize and wheat at $ 448 million during H1 FY22.

The export of meat, dairy and poultry products increased 20.7 per cent to $ 1.9 billion during H1 FY22. Similarly, cashew export witnessed an impressive 31.6 per cent growth at $ 222 million.

As per the Quick Estimates, the exports of fresh fruits and vegetables registered an 8.5 per cent growth at $ 1.3 billion while shipment of processed food products like cereals preparations and miscellaneous processed items increased 34.2 per cent at $ 1.07 billion. “The significant spike in agri-exports is seen as a testimony of the government’s commitment to increase farmers’ income through giving thrust on boosting exports of agricultural and processed food products of the country,” said M Angamuthu, chairman of Apeda.

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