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Agriculture, processed food exports grow 30% in first 4 months of current fiscal year

Updated: Sep 13, 2022 09:15:42am
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Agriculture, processed food exports grow 30% in first 4 months of current fiscal year

New Delhi, Sept 13 (KNN) The Agricultural and processed food exports from India have gone up by 30 per cent to USD 9,598 Million in April-July 2022 from USD 7,397 million over the same period of the last fiscal, as per the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S).

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The export target for the year 2022-23 for agricultural and processed food products has been fixed at USD 23.56 billion. of USD 9.59 billion has already been achieved in the first four months of the current fiscal. Exports worth USD 9.59 billion has already been achieved in the first four months of the current fiscal.

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 organising B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by the active involvement of Indian Embassies.

According the latest DGCI&S provisional data, fresh fruits & vegetables registered four percent growth, while processed fruits and vegetables recorded a significant growth of 51 percent (April-July, 2022) in comparison to corresponding months of the previous year.

In April-July, 2021, fresh fruits and vegetables were exported to the tune of USD 498 million that increased to USD 517 million in the corresponding months of the current fiscal. Exports of processed F&V grow to USD 665 million in four months of the current fiscal from USD 441million in the same months of the previous year.

Also, processed food products like cereals and miscellaneous processed items reported a growth of 37.75 per cent and 35.26 percent respectively in comparison to the first four months of the previous year.

Basmati Rice exports witnessed a growth of 29.13 percent in the first four months of FY 2022-23 as its export increased from USD 1,214 million (April-July 2021) to USD 1,567 million (April-July 2022), while the export of non-Basmati rice registered a growth of 9.24percent in first four months of current fiscal. Non-basmati rice export increased to USD 2,086 million in the first four months of the current fiscal from USD 1910 million in the corresponding months of the previous year.

The export of meat, dairy & poultry products increased by 11.69 percent and the export of other cereals recorded a growth of 22.26 percent in four months of the current fiscal.

In 2021-22, agricultural and processed food products were exported to the tune of USD 25.6 billion, which was around 51 per cent of India's total agricultural goods exports of more than USD 50 billion.

In order to ensure seamless quality certification of products to be exported, Government through APEDA has recognised 220 labs across India to provide services of testing to a wide range of products and exporters.  (KNN Bureau)

COMMENTS

  1. Munna
    Munna 03/04/2024 11:55 PM

    Potato buisness

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