Agri exports rise 22% to $7.9 billion during April-August

Sustaining the expansion development witnessed final year, agri exports beneath APEDA’s portfolio grew 22 for each cent all through April-August time period of the current monetary year to $seven,902 million from $six,485 million in the same time period final year.

In rupee phrases, the exports grew 19.six for each cent at ₹58,478 crore as opposed with ₹48,885 crore in the same time period final year. .

This surge in exports is driven by sturdy demand for products and solutions this kind of as rice, cereal preparations, livestock products and solutions, fresh new fruits and veggies and cashew among the other people.

Citing fast estimates released by DGCIS, APEDA in a statement mentioned the increase in exports has been obtained notwithstanding the Covid limitations.

Flagship product or service rice registered a expansion thirteen.seven for each cent at $three,820 million ($three,359 million). The split up and volume aspects of basmati and non-basmati rice was not accessible.

Fresh new fruit and vegetable rose six.1 for each cent in benefit phrases to $1,075 million ($1,013 million).

Livestock products and solutions which includes meat, dairy and poultry registered a 31.1 for each cent boost at $1,554 million in opposition to $1,185 million in the same time period final year.

Shipments of other cereals this kind of as wheat and maize registered a 142 for each cent boost at $379 million ($157 million). Cashew exports registered a 28.five for each cent boost at $185 million.

The major spike in agri-exports is found as a government’s dedication to boost farmers cash flow via providing thrust on boosting exports of agricultural and processed food items products and solutions, APEDA mentioned.

Promotional pursuits by APEDA

The initiative taken by APEDA, which functions beneath the Ministry of Commerce, has helped the region attain this milestone at a time when most of the small business pursuits suffered a substantial setback owing to the limitations imposed immediately after the outbreak of second wave of the Covid pandemic.

Also, the increase in exports is due to the fact of APEDA’s a variety of initiatives taken for the export promotion of agri and processed foodstuff products and solutions this kind of as organising B2B exhibitions in distinctive countries, discovering new possible markets via product or service precise and basic advertising campaigns by active involvement of Indian Embassies.

APEDA mentioned it has taken many initiatives to endorse products and solutions acquiring registered geographical indications (GI) in India by organising virtual customer-seller fulfills on agri and fantastic products and solutions with UAE and on GI products and solutions which includes handicrafts with the US.