India’s agricultural and processed food exports grew by 14% in the first 3 months of the current fiscal year

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Continuing the trend of the previous year, exports of agricultural and processed food products increased by 14% in the first three months of the current financial year 2022-23 (April-June) compared to the corresponding period of l 2021-22 financial year.

For the year 2022-23, the government had set an export target of USD 23.56 billion for the basket of processed agricultural and food products under the APEDA. Initiatives taken by the Ministry of Trade and Industry have helped the country achieve 25% of the total annual export target in the first three months of the current fiscal year.

According to data from flash estimates published by the General Directorate of Intelligence and Trade Statistics (DGCI&S), the overall export of products under the control of APEDA (Authority for the Development of Exports of Processed Food and Agricultural Products) has increased to USD 5,987 million in April-June 2022 from USD 5,256 million over the same period last year. The export target for April-June 2022-23 was 5890 million USD. The APEDA basket excludes tea, coffee, spices, cotton and maritime exports.

Exports of fresh fruits and vegetables recorded a growth of 8.6%, while processed food products such as cereals and various processed products recorded an impressive growth of 36.4% (April-June 2022-23) compared to in the corresponding months of the previous year. In April-June, 2021, fresh fruits and vegetables were exported at the amount of USD 642 million which increased to USD 697 million in the corresponding months of the current financial year. Exports of other cereals increased from USD 237 million in April-June 2021 to USD 306 million in April-June 2022 and exports of meat, dairy products and poultry increased from USD 1023 million in April-June 2021 to 1120 million USD in April-June 2022.

Rice exports grew by 13% in the first three months of FY 2022-23, while meat, dairy and poultry exports increased by 9.5% and exports of other cereals increased by 29%. 2412 million in April-June 2021 to 2723 million USD in April-June 2022. Dairy products were exported to the tune of 1120 million USD in the first three months of the current financial year against millions in the same period last year last.

“We continue to provide technical and financial assistance to various actors in agricultural commodity value chains to boost exports of the country’s unique products. By creating a necessary ecosystem of exports as well as collaborating with key stakeholders in agricultural export value chains, we also aim to support the growth of India’s agricultural and processed food exports in the current fiscal year. Mr. Angamuthu, President, APEDA, said.

India’s agricultural exports grew by 19.92% in 2021-22 to $50.21 billion. The growth rate is remarkable as it exceeds the 17.66% growth to USD 41.87 billion achieved in 2020-21 and was achieved despite unprecedented logistical challenges in the form of high freight rates and container shortages , etc.

The increase in exports of agricultural and processed food products is the result of the various initiatives taken by the government for the promotion of agricultural and processed food exports, such as holding B2B exhibitions in different countries, exploring potential new markets through specific and general marketing campaigns through the active involvement of Indian Embassies. United States.

To ensure transparent quality certification of products for export, the government has recognized 220 laboratories across India to provide testing services to a wide range of products and exporters.

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