May 18, 2024


Make Every Business

Agri, processed food exports top $10 billion in H1FY22

Exports of 37 important agricultural and processed foods topped $ten billion in the initial 50 % of the present-day fiscal with the shipments rising by seventeen.6 per cent to $ten.07 billion.

The exports, promoted by the Agricultural and Processed Meals Goods Export Progress Authority (APEDA), ended up $8.51 billion all through the exact same period a year in the past.

Also see: ₹28,655-crore Centre’s subsidy on fertilisers for rabi time to advantage farmers, business

An APEDA statement said exports surged even with challenges to the world-wide provide chain posed by Covid-19 pandemic and the figures ended up primarily based on swift estimates launched by the Directorate Typical of Business Intelligence and Statistics (DGCI&S), Kolkata.

Exports of rice, which have been carrying out effectively considering the fact that the last fiscal, amplified by twelve.3 per cent in the initial 50 % to $4.five billion from $4.08 billion.

Other cereals surge

Shipments of other cereals, mostly maize, surged by 110 per cent, whilst exports of meat, dairy and poultry goods ended up up per cent.

Other cereals’ export amplified to $448 million in April–September this year from $213 million all through the exact same period a year in the past. Meat, dairy and poultry goods shipments rose to $1.9 billion from $1.fifty seven billion in the year-in the past period.

Exports of refreshing fruits and greens ended up higher by 8.five per cent growth at $1.3 billion versus $1.two billion and cargo of processed food goods like cereals preparations and miscellaneous processed objects grew by 34.two per cent.

Also see: Bigger tariff value on edible oils to lessen advantage of lower in import levies

Cashew exports grew by 31.6 per cent to $222 million from $169 million, whilst shipments of oilmeals ended up up only by a meagre 1.two per cent. Oilmeals exports amplified to $467.3 million from $461.sixty five million.

“The significant spike in agri-exports is witnessed as a testimony of the government’s commitment to enhance farmers’ earnings as a result of supplying thrust on boosting exports of agricultural and processed food goods of the state,” the statement said, adding that the export efficiency was a continuation of the growth witnessed last fiscal.