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Exports of agricultural & processed food products rise by 16%

Processed food products like cereals and miscellaneous processed items reported a growth of 28.29 per cent as compared to the first eight months of the previous year.

Exports of agricultural & processed food products rise by 16%

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The exports of agricultural and processed food products rose by 16 per cent in the eight months (April-November) of the current Financial Year in comparison to the corresponding period of 2021-22.

According to the provisional data by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products increased by 16 per cent during April-November 2022 to $17.43 billion from $15.07 billion over the same period of the last fiscal.

The initiatives taken by the APEDA (Agricultural and Processed Food Products Export Development Authority) which works under the Ministry of Commerce and Industry have helped the country in achieving 74 per cent of its total export target for the year 2022-23 in eight months of the current fiscal.

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For the year 2022-23, an export target of $23.56 billion has been fixed for the agricultural and processed food products basket and an export of $17.435 billion has already been achieved in eight months of the current fiscal.
As per the DGCI&S provisional data, processed fruits and vegetables recorded a growth of 32.60 per cent (April-November 2022), while fresh fruits registered four per cent growth in comparison to the corresponding months of the previous year.

Also, processed food products like cereals and miscellaneous processed items reported a growth of 28.29 per cent as compared to the first eight months of the previous year.

In April-November, 2021, fresh fruits were exported to the tune of $954 million which increased to $991 million in the corresponding months of the current fiscal. Exports of processed F&V jumped to $1310 million in eight months of the current fiscal from $988 million in the corresponding months of the previous year.

The export of pulses witnessed an increase of 90.49 per cent in eight months of the current fiscal as compared to the same months of the last fiscal as the export of lentils increased from $206 million (April-November 2021-22) to $392 million (April-November 2022-23).

Basmati Rice exports witnessed a growth of 39.26 per cent in eight months of FY 2022-23 as its export increased from $2063 million (April-November 2021) to $2873 million (April-November 2022), while the export of non-Basmati rice registered a growth of 5 per cent in eight months of the current fiscal. Non-basmati rice export increased to$4109 million in eight months of the current fiscal from $3930 million in the corresponding months of the previous year.

The export of poultry products increased by 88.45 per cent and the export of other cereals recorded a growth of 12.90 per cent in eight months of the current fiscal. The export of poultry products rose to $82 million in eight months of the current fiscal from $43 million in the corresponding months of the previous year.

Similarly, dairy products recorded a growth of 33.77 per cent as their exports rose to $421 million in April-November 2022 from $315 million in the corresponding months of the previous year.
Wheat export registered an increase of 29.29 per cent in eight months of the current fiscal.

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