December 9, 2022

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Growth in agri products exports hits 7-month high in December

APEDA’s Exports (USD million)
2021 2020 % alter

December was the brightest period of time for the Agricultural and Processed Meals Items Export Improvement Authority (APEDA) as exports of the products promoted by it ended up the best in a thirty day period this fiscal. The worth of shipments elevated to a seven-month large of 37 per cent ($2.44 billion). With the escalation of tension in Ukraine, if the global commodities prices flare up, it may assist APEDA to accomplish its concentrate on of $23.7 billion for the recent fiscal.

Exports of APEDA-promoted main agriculture and processed goods, broadly divided into 27 categories, touched $17.47 billion (₹1,29,782 crore), up by 23.83 per cent above the $14.11 billion registered in the yr-ago period, in accordance to the newest export information. Even so, to attain the focus on the recent volume of shipments need to have to be managed through January-March quarter at past quarter stage, authorities explained.

74% export goal achieved

“Already 74 for each cent of the concentrate on has been realized in 1st a few quarters and development momentum is most likely to be identical in last quarter (January-March) as effectively,” mentioned M Angamuthu, Chairman of APEDA. There was a slight slowdown in the course of July-September, if not goal could have fulfilled prior to finish of this fiscal, he said.

APEDA has made solution metrics for about 75 products and solutions in the major 50 nations around the world and will actively persuade sustainable progress in their shipments, Angamuthu explained. “Our endeavour is to make India a trusted food and dietary security service provider, globally,” he stated.

According to formal info, exports of non-Basmati rice grew 46 per cent to $4.49 billion (₹33,350 crore), buffalo meat by 6 per cent to $2.5 billion (₹18,674 crore) and wheat 417 per cent to $1.44 billion (₹10,694 crore), though Basmati rice dropped 19 per cent to $2.38 billion (₹ 17,689 crore) through April-December of present-day fiscal. These four commodities make up 62 for each cent of the full exports of the APEDA-promoted merchandise this calendar year.

Option for barley

“The Ukrainian disaster will strengthen wheat, maize and honey exports from India. It opens up an possibility in barley exports, also. All these export options could be realised if there is no supply chain impediments,” mentioned S Chandrasekaran, a international trade plan pro. As international prices of commodities may possibly flare up amid the geopolitical pressure, it may well enable the place to get better realisation in world wide marketplaces in agri commodities, he additional.

APEDA-promoted products and solutions have almost 50 for every cent share in the country’s general agricultural export of $41.25 billion (in 2020-21), whilst marine merchandise are the 2nd most contributor with 14 for every cent share, adopted by spices with 10 for each cent share.

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February 22, 2022