Bhoomika Singh
According to data released by the Ministry of Commerce and Industry, agricultural and processed food product exports increased by 14 per cent in the first three months of the current Fiscal Year 2022-23 (April-June) compared to the same period in FY 2021-22.
Under the Agricultural and Processed Food Products Export Development Authority, the government set an export target of US$ 23.56 billion for the agricultural and processed food products basket for the fiscal year 2022-23. (APEDA). In the first three months of the current fiscal year, India’s agriculture and processed food exports achieved 25 per cent of the total annual export target.
According to data released by the Commercial Intelligence and Statistics, the overall export of products covered by APEDA increased to US$ 5987 million from US$ 5256 million in the previous fiscal period. The export target for April-June 2022-23 was 5890 million US dollars. Tea, coffee, spices, cotton, and marine exports are not included in the APEDA basket.
Also Read: India’s agricultural products exports cross $50 billion for first time
Fresh fruit and vegetable exports increased by 8.6 percent, while processed food products such as cereals and miscellaneous processed items increased by 36.4 percent. Fresh fruit and vegetable exports increased to US$ 697 million in the current fiscal year’s corresponding months. Other cereals exports increased to US$ 306 million, while meat, dairy, and poultry exports increased to US$ 1120 million in April-June 2022.
“We continue to provide technical and financial assistance to various stakeholders in the agricultural goods value chains for boosting exports of unique products from the country. Through creating a necessary eco-system of exports along with collaboration with key stakeholders in the agri-exports value chains, we are aiming to sustain the growth in India’s agricultural and processed food exports in the current fiscal as well,” M Angamuthu, Chairman, APEDA, said.
Agricultural product exports from India increased by 19.92 per cent during 2021-22, reaching USD 50.21 billion. Rice exports increased by 13 per cent, while exports of meat, dairy, and poultry products increased by 9.5 per cent and exports of other cereals increased by 29 per cent.
The government has taken several initiatives to promote products with registered geographical indications (GI) in India, including virtual Buyer Seller Meets on agricultural and food products with the UAE and GI products, including handicrafts, with the United States.
