Sunday, October 24, 2021

India records 22% rise in export of agricultural & processed food products in April-August

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

Quick estimates released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) showed that total exports of Agricultural and Processed Food Products Export Development Authority (APEDA) products increased from $6,485 million in April-August 2020 to $7,902 million in April-August 2021.

“The huge jump in exports of agricultural and processed food products during the first five months of the current financial year is in continuation of the growth in exports witnessed in the financial year 2020-21. According to the WTO trade map, India is ranked 9th in the world ranking with the total agri-exports of $37 billion in the year 2019,” the Ministry of Commerce and Industry said in a statement on Tuesday.

Increase in export of APEDA products

– The export of rice increased 13.7 per cent from $3,359 million in April-August 2020 to $3,820 million in April-August 2021. The exports of fresh fruits and vegetables registered a 6.1 per cent growth.

– Shipments of processed food products such as cereal preparations and miscellaneous processed goods registered a growth of 41.9 per cent. In April-August 2020-21, the export of fresh fruits and vegetables stood at $1,013 million which increased to $1,075 million in April-August 2021-22.

– India recorded a significant growth of 142.1 per cent in exports of other cereals, while exports of meat, dairy and poultry products saw a growth of 31.1 per cent in the first five months of the current financial year 2021-22.

– Exports of other cereals increased from $157 million in April-August 2020 to $379 million in April-August 2021 and exports of meat, dairy and poultry products increased from $1,185 million in April-August 2020 to $1,554 million in April-August 2021.

– Cashew exports witnessed a growth of 28.5 per cent in April-August 2021 as cashew exports increased from $144 million in April-August 2020 to $185 million in April-August 2021.

Initiatives taken by APEDA to increase exports

The increase in export of agricultural and processed food products is because of APEDA’s various initiatives taken for the export promotion of agricultural and processed food products, such as organizing B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by the active involvement of Indian Embassies.

– APEDA has also taken several initiatives to promote registered Geographical Indication (GI) products in India by conducting Virtual Buyer-Seller Meetings (VBSM) on agriculture and food products with UAE and GI products, including handicrafts with the USA.

– In order to ensure seamless quality certification of the products being exported, APEDA has accredited 220 laboratories across India for providing testing services to a wide range of products and exporters.

– APEDA also provides assistance under financial assistance schemes of infrastructure development, quality improvement and market development to promote the export of agricultural products.

– APEDA organizes exporters’ participation in international trade fairs, which provide a platform for exporters to market their food products in the global market.

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