Indian agri products shipped to 200+ markets
The Agricultural and Processed Food Products Export Development Authority (APEDA) accounted for 51% of India’s total agri-exports of US$53.1 billion in 2022-23.
APEDA shipped US$26.7 billion in FY2022-23 to over 200 markets, a CAGR of 12%, Ministry of Commerce and Industry said on 17 Feb.
In the period April-December 2023, among the 23 Principal Commodities (PCs) in APEDA’s export basket, 18 exhibited positive growth.
Notably, 13 out of 15 large PCs, with exports exceeding US$100 million in the previous year, experienced positive growth, with an average growth rate of 12%.
Fresh fruits emerged as a standout performer, registering a remarkable growth of 29%.
Moreover, the export of processed vegetables surged by 24% in the period followed by Miscellaneous processed items, Basmati Rice, and Fresh Vegetables also saw substantial growth compared to the corresponding period last year.
Notably, India has significantly expanded its fresh fruits export footprint, now serving 111 countries compared to 102 destinations in the previous year.
During April-November 2023, several key commodities witnessed substantial growth compared to the previous year, like, Bananas: 63%, Lentils (dried and shelled): 110%, Fresh eggs: 160% and Kesar and Dasheri Mango: 120% and 140%, respectively.
During the period from April to December 2023, the export value of Basmati rice surged by 19%, reaching US$3.97 billion compared to US$3.33 billion in the previous year.
Simultaneously, the quantity of exports witnessed a notable growth of 11%, increasing from 31.98 lakh metric tons to 35.43 lakh metric tons within the same timeframe.
Basmati rice found its way to the top markets, with Iran, Iraq, Saudi Arabia, the USA, and the UAE emerging as the top five destinations for these exports.
This robust performance underscores the enduring popularity and global demand for Basmati rice, further solidifying its position as a major agricultural product in India’s export portfolio. fiinews.com
