India’s agricultural and processed food product exports rose by 13% in the nine months of the current Financial Year 2022-23 (April-December) compared to the same period in the previous year, as reported by the Directorate General of Commercial Intelligence and Statistics. The initiatives of the Agricultural and Processed Food Products Export Development Authority have contributed to India achieving 84% of its export target for the year. The export of pulses has increased by 80.38% in the current fiscal while dairy products recorded a growth of 19.45%.
Overview
The export of agricultural and processed food products in India has risen by 13% in the first 9 months of the current financial year (April-December 2022) compared to the same period in the previous year. This increase is due to the efforts made by the Agricultural and Processed Food Products Export Development Authority (APEDA) which works under the Indian Ministry of Commerce and Industry. In the first 9 months of the current financial year, the overall export of APEDA products reached USD 19.7 billion, achieving 84% of the export target set for the year 2022-23. The export of processed fruits and vegetables increased by 30.36%, while fresh fruits and vegetables saw a 4% increase. There was also a 24.35% increase in the export of processed food products like cereals and miscellaneous processed items. The export of pulses has risen by 80.38%, and the export of poultry products increased by 91.70%. The export of dairy products, wheat and other cereals also recorded an increase. The rise in the export of agricultural and processed food products is the result of APEDA’s initiatives to promote exports, such as organizing B2B exhibitions in different countries and promoting geographical indications in India.
The rise in exports of agricultural and processed food products in India is a positive outcome for farmers. The initiatives taken by the Agricultural and Processed Food Products Export Development Authority (APEDA) have helped increase exports, which means that more Indian agricultural products are being sold globally, providing more opportunities and markets for farmers to sell their products. The growth in exports, especially in areas such as processed fruits and vegetables, dairy products, and poultry products, shows that there is increased demand for Indian agricultural products, which can benefit farmers by potentially leading to higher prices for their products and increased income. Additionally, APEDA’s efforts to promote Indian products through B2B exhibitions in different countries and exploring new potential markets can open up new opportunities for farmers to sell their products in international markets.
Important points
- Agricultural and processed food exports rose by 13% in April-December 2022 compared to the same period in the previous fiscal year.
- 84% of the total export target of USD 23.6 billion has been achieved for 2022-23.
- Processed fruits and vegetables recorded a 30.36% growth and fresh fruits and vegetables had a 4% growth.
- Processed food products like cereals and miscellaneous items had a 24.35% growth.
- Lentil exports increased by 80.38% and poultry exports increased by 91.70%.
- Basmati rice exports increased by 40.26% and non-Basmati rice exports increased by 4%.
- Dairy products exports increased by 19.45% and wheat exports increased by 4%.
- Other cereals and milled product exports grew by 13.64% and 35.71% respectively.
- The country’s agricultural products exports grew 19.92% in 2021-22 to reach USD 50 billion.
- APEDA is responsible for these increases through various initiatives such as B2B exhibitions and marketing campaigns.
- APEDA also promotes products with geographical indications and has taken steps to boost Indian wine exports.
Conclusion
The recent rise in exports of agricultural and processed food products in India, due to the efforts of the Agricultural and Processed Food Products Export Development Authority (APEDA), is a major boost for farmers. Increased exports indicate more opportunities for farmers to sell their products globally, leading to potential price hikes and increased income. APEDA’s efforts to promote Indian agricultural products in different countries through B2B exhibitions and geographical indications are opening up new markets for farmers to tap into, providing them with even more opportunities to sell their products. Overall, this is a positive outcome for farmers in India.
Note: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. Pesticides are a considerable risk of loss in crops and viewers are advised to do their own research before making any decisions.
