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.