Agricultural products exports hit $598 million in the first quarter

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18 July 2022, New Delhi: Continuing the trend of the previous year, during the first three months of the current financial year 2022-23, the export of agricultural and processed food products has registered a growth of 14 percent over the previous year 2021-22.

For the fiscal year 2022-23, the government had set an export target of $23.56 billion for agricultural and processed food products under APEDA. The initiative taken by the Ministry of Commerce and Industry has helped the country achieve 25 per cent of the total annual export target during the first three months of the current financial year.

According to the quick estimate data released by the Directorate General of Commercial Information and Statistics (DGCI&S), the total exports of products under APEDA (Agriculture and Processed Food Products Export Development Authority) increased to $5987 million in April-June 2022 as compared to the same period of the previous fiscal. The figure stood at $5256 million during the period. The export target for April-June 2022-23 was $589 million. The APEDA basket does not include tea, coffee, spices, cotton and marine exports.

During April-June 2022-23, the export of fresh fruits and vegetables registered a growth of 8.6 per cent while processed food products like cereals and various processed items registered a growth of 36.4 per cent (April-June 2022- 23) registered impressive growth. Fresh fruit and vegetable exports stood at $642 million in April-June 2021, which increased to $697 million in the same period of the current fiscal.

Rice exports registered a growth of 13 per cent during the first three months of the financial year 2022-23. Rice exports increased to $2723 million in April-June 2022 from $2412 million in April-June 2021. During the first three months of the current fiscal, exports of dairy products rose to $112 million.

M. Angamuthu, Chairman, APEDA said, “We are continuously providing technical and financial assistance to various stakeholders in the agri commodity value chain to promote export of unique products from the country. ,

In order to ensure seamless quality certification for the products being exported and to provide testing facilities for a wide range of products and exporters, the Government has recognized 220 laboratories across the country.

Also Read: World Food Prize Foundation Announces New Director of Communications

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