India’s farm exports surge by 23% to $19.70 billion in Apr-Jan 2021-22

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Photo by Raphael Rychetsky on Unsplash

India’s exports of agricultural and processed food products rose by over 23 per cent to $19.70 billion in the first ten months of the current fiscal (April-January, 2021-22) compared to the same period of the previous year, government data showed.

The export of products under the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit increased from $15.97 billion in April-January 2020-21 to $19.70 billion during the first ten months of the current financial year.

The Ministry of Commerce & Industry has fixed the target for exports under APEDA basket products at $23.71 billion for the financial year 2021-22.

The export of rice was the top forex earner at $7.69 billion during April-January 2021-22, growing 13 per cent over the corresponding period in 2020-21 when it touched $6.79 billion, according to data released by the Ministry of Commerce and Industry.

The export of wheat recorded a huge surge at $1.74 billion during April-January 2021-22, growing 387 per cent over the corresponding period in 2020-21 when it touched $358 million, while other cereals registered a growth of 66 per cent by fetching $869 million during April-January 2021-22 over the corresponding period in 2020-21 when it touched $527 million.

Meat, dairy and poultry products exports grew over 13 per cent standing at $3408 million in April-January 2021-22 compared to $3005 million in the corresponding ten-month period of 2020-21.

Fruits and vegetables exports were up by 16 per cent to touch $1207 million during April-January 2021-22 against $1037 million in April-January 2020-21, while processed fruits and vegetables exports were up by 11 per cent to reach $1269 million during first ten months of 2021-22 against $1143 million in the corresponding period of the previous year. Exports of cereal preparations and other processed food items grew by 14 per cent during April-January 2021-22 to touch $2,956 million against $2,599 million in April-January, 2020-21. The cashew exports also grew by 11 per cent to $383 million in the first ten months of the current fiscal compared to the same period of the previous year.

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