As per the data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), Indian agricultural and processed food products exports rose by 31%, from $5663 million dollars to $7408 million dollars in the first three months of the current financial year. This shows an increase of $1745 million for the same period in comparison to the last fiscal.
APEDA or Agriculture and Processed Food Products Export Development Authority which comes under the authority of the Ministry of Commerce and Industry has taken multiple initiatives over time. This has resulted in the country achieving 31 percent of the total export target in the first quarter of the current fiscal itself.
What’s Behind The Growth?
Multiple commodities ranging from fruit, vegetables, processed food, and dairy displayed significant growth. In comparison to the corresponding months of last year, as per DGCI&S provisional data, fresh fruits and vegetables recorded a growth of four percent. While the sale of processed fruits and vegetables registered a growth of 59.71 percent (April-June 2022). Moreover, processed food and products like cereals and miscellaneous saw an increase of 37.6 percent.
As compared to the second quarter of 2021, fresh fruits and vegetables showed a rise of $15 million, going from $394 million to $409 million in the current fiscal. Likewise, exports of processed Fruits and Vegetables jumped from $307 million to $490 million. Basmati Rice exports grew by 25.54 percent in Q1 of 2022. Its exports increased from $922 million to $1157 million as compared to the Q1 of 2021. Non-basmati on the other hand registered a growth of 5 percent, going from $1491 million in Q1 of 2021 to $1566 in the current fiscal.
An increase of 9.5 percent has been seen in the export of meat, dairy, and poultry products. The exports of other cereals recorded a growth of 29 percent in the first quarter of the current fiscal. If we count the dairy products alone, they have seen a growth of 67.15 percent which when translated into sales is a jump from $114 million to $191 million compared to last year’s first quarter. A huge rise in the export of cereals and livestock has also been recorded.
The country’s Agricultural Products Exports touched $50.21 billion, recording a growth of 19.92 percent. This is significant because the same has been achieved in spite of the logistical challenges like high freight charges and container storage shortages. An official statement released by the Ministry of Commerce and Industry flaunted that- APEDA recorded history, as out of all the agricultural goods exported, around 51 percent were agricultural and processed food products which reached to the tune of $25.6 billion in 2021-22.
“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,” M Angamuthu, Chairman, APEDA, said in a statement.
The 31 percent increase in exports is a result of APEDA’s initiatives taken for the promotion of India’s agricultural and processed foods. Moreover, sellers shifting to online B2B platforms have also led to the jump. Reputed B2B marketplaces like Tradologie make your presence visible to sellers around the world. With a database of 600,000+ sellers from 100+ countries, register on Tradologie and boost your sales. For more information, call +91 85959 57412 or visit www.tradologie.com.