Exports of agricultural and processed food products rose by 25 percent within six months of the current Financial Year 2022-23 (April-September) in comparison to the corresponding period of FY 2021-22. According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of agricultural and processed food products has witnessed a growth of 25 Percent in USD during April-September 2022.
The overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to USD 13771 million in April-September 2022 from USD 11056 million over the same period of the last fiscal year.
As per the Government, the initiatives taken by the Ministry of Commerce and Industry through APEDA have helped the country achieve 58 percent of its total export target for the year 2022-23 within six months of the current fiscal.
For the year 2022-23, an export target of USD 23.56 billion has been fixed by APEDA for the agricultural and processed food products basket and an export of USD 13.77 billion has already been achieved in these six months of the current fiscal.
As per the provisional data, processed fruits and vegetables recorded a significant growth of 42.42 percent (April-September 2022), while fresh fruits registered 4 percent growth as opposed to corresponding months of the previous year.
Processed food products like cereals and miscellaneous processed items reported a growth of 29.36 percent compared to the first six months of the previous year.
In April-September, 2021, fresh fruits were exported to the tune of USD 301 million which increased to USD 313 million in the corresponding months of the current fiscal. Exports of processed F&V jumped to USD 1024 million in six months of the current fiscal from USD 719 million in the corresponding months of the previous year.
The export of pulses has witnessed an increase of 144 percent in Q2 of the current fiscal in comparison to the corresponding months of the last fiscal as the export of lentils increased from USD 135 million (April-September 2021-22) to USD 330 million (April-September 2022-23).
Basmati Rice exports witnessed a growth of 37.36 percent in six months of FY 2022-23 as its export increased from USD 1660 million (April-September 2021) to USD 2280 million (April-September 2022), while the export of non-Basmati rice registered a growth of 8 percent in Q2 of current fiscal. Its exports increased to USD 3207 million in six months of the current fiscal from USD 2969 million in the corresponding months of the previous year.
The export of meat, dairy & poultry products increased by 10.29 percent and the export of other cereals recorded a growth of 12.29 percent in six months of the current fiscal. The poultry products alone registered a growth of 83 percent as its export rose to USD 57 million within the half-year bracket of the current fiscal from USD 31 million recorded for the corresponding months of the previous year.
Similarly, dairy products recorded a growth of 58 percent as its export rose to USD 342 million in Q2 of the current fiscal from USD 216 million in Q2 of the previous year.
Wheat exports registered an increase of 136 percent in Q2 of the current fiscal. Wheat exports rose to USD 1487 million in April-September 2022 from USD 630 million in April-September 2021.
Other cereals’ exports increased from USD 467 million in April-September 2021 to USD 525 million in April-September 2022 and the export of livestock products increased from USD 1903 million in April-September 2021 to USD 2099 million in April-September 2022.