India’s agri, processed food exports rise over 21% YoY

This rise in exports has been achieved notwithstanding Covid-19 restrictions.

   
India's agri, processed food exports rise over 21 percent YoY

In a major boost to export prospects of agricultural produce, India has achieved a significant increase of 21.8 per cent in export of agricultural and processed food products in the 2021-22 (April-August) in comparison to the corresponding period of 2020-21.

According to the Quick Estimates released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products has witnessed 21.8 per cent growth in terms of US$ during April-August 2021 over the same period of the previous year.

The overall export of APEDA products increased from US$ 6485 million in April-August 2020 to US$ 7902 million in April-August 2021.

This rise in exports has been achieved notwithstanding Covid-19 restrictions. The significant spike 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.

Further, the huge jump in exports of agricultural and processed food products during the first five months of current fiscal is in continuation of growth in exports witnessed in the financial year 2020-21. According to WTO’s trade map, with the total agri-exports of US$ 37 billion in the year 2019, India is ranked at 9th position in the world ranking.

The export of rice, which recorded a positive growth of 13.7 per cent , increased from US$ 3359 million in April-August 2020 to US$ 3820 million in April-August 2021.

As per the Quick Estimates, the exports of fresh fruits & vegetables registered a 6.1 per cent growth in terms of US$, while shipment of processed food products like cereals preparations and miscellaneous processed items reported a growth of 41.9 per cent. In April-August 2020-21, fresh fruits and vegetables were exported to the tune of US$ 1013 million which rose to US$ 1075 million in April-August 2021-22.

India reported a significant 142.1 per cent jump in export of other cereals while the export of meat, dairy & poultry products witnessed an increase 31.1 per cent in the first five months of the current fiscal (2021-22).

The export of other cereals increased from US$ 157 million in April-August 2020 to US$ 379 million in April-August 2021 and the export of meat, dairy and poultry products increased from US$ 1185 million in April-August 2020 to US$ 1554 million in April-August 2021.

The cashew export witnessed a growth of 28.5 per cent in April-August 2021 as the export of cashew rose from US$ 144 million in April-August 2020 to US$ 185 million in April-August 2021.