Indian maize exports reach an all-time high at $816.31 million in the first 10 months of the current fiscal

Published 2022년 3월 20일

Tridge summary

India's maize exports have seen a significant increase, reaching USD 816.31 million in the first 10 months of the current fiscal year, a notable rise from USD 634.85 million the previous year. This growth is despite the challenges posed by the Covid-19 pandemic. Neighboring countries Bangladesh and Nepal are the major importers of Indian maize, with Vietnam emerging as a new significant market. Maize exports have become a key source of foreign exchange for the country, with the rise in agri-exports seen as a reflection of the government's efforts to increase farmers' income. The Agricultural and Processed Food Products Export Development Authority (APEDA) has played a key role in this growth through initiatives such as organizing B2B exhibitions, exploring new markets, and recognizing 220 labs for quality certification of exported products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India’s maize exports have touched USD 816.31 million in the first 10 months of current fiscal 2021-22 (April-January), exceeding the USD 634.85 million achieved during the last financial year, Ministry of Commerce & Industry, Government of India has said today. According to the ministry, from an export realisation of USD 142.8 million in 2019-20, the export of maize increased nearly six fold, taking the total value of shipment to USD 1593.73 million in the last three years despite logistical challenges posed by the Covid-19 pandemic outbreak. Neighbouring countries like Bangladesh and Nepal are the major importers of maize from India. Bangladesh has imported maize worth USD 345.5 million in the current fiscal (April-January), while Nepal has imported maize worth USD 132.16 million during this period. With initiatives of the Ministry of Commerce & Industry to explore and diversify new markets, Vietnam has emerged as a major destination for maize exports. India exported maize worth ...

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