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India's exports of agricultural and processed food products rise over 13% in first eight months of FY22 despite Covid-19 challenges

The target for exports under APEDA basket products has been fixed at USD 23,713 million in 2021-22.

December 06, 2021 12:04 IST | India Infoline News Service
The Ministry of Commerce & Industry says that notwithstanding logistical challenges posed by the COVID19 pandemic, India’s exports of Agricultural and Processed Food products rose by more than 13% in terms of $in the first eight months of the current fiscal (April-November, 2021-22) compared to the same period of the previous year.

The export of products under the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit increased from $11,671 million in April-November 2020-21 to $13,261 million in April-November 2021-22.

The target for exports under APEDA basket products has been fixed at $23,713 million in 2021-22.

The export of rice was the top forex earner at $5937 million during April-November 2021-22, growing 11% over the corresponding period in 2020-21 when it touched $5,341 million.

Meat, dairy and poultry products exports grew 12% standing at $2665 million in April-November 2021-22 compared to $2371 million in the corresponding eight-month period of 2020-21. Fruits and vegetables exports were up by 12% to touch $1720 million during April-November 2021-22 against $1536 million in April-November 2020-21.

Exports of cereal preparations and miscellaneous processed items grew by 26% during April-November 2021-22 to touch $1418 million against $1127 million in April-November, 2020-21. The cashew exports also grew by 29% to $302 million in the first eight months of the current fiscal compared to the same period the previous year.

The exports of oil meals declined by 12% to $626 million in April-November, 2021-22, compared to the same period in 2020-21.

As per the ministry, the significant rise 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.

“We continue to focus on creating infrastructure for boosting exports by focusing on clusters in collaboration with state governments while taking into consideration the objective of Agriculture Export Policy, 2018,” Dr M Angamuthu, Chairman, APEDA, said.

Notably, the rise in export of agricultural and processed food products has been largely due to the various initiatives taken by APEDA 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.

To ensure seamless quality certification of products to be exported, APEDA has recognized 220 labs across India to provide services of testing to a wide range of products and exporters.

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