India: APEDA agriculture and processed products exports jump 24% in FY21

Published 2021년 5월 19일

Tridge summary

The Agricultural and Processed Food Products Export Development Authority (Apeda) is projecting a 10-15% rise in agricultural exports for the 2021-22 fiscal year, building on a 24% increase to nearly $20 billion in the previous year. The rise was driven by exports of bovine meat, dairy products, nutri cereals, processed food, fresh fruits, vegetables, wheat, and non-basmati rice. Despite a drop in aromatic rice shipments, the surge was aided by higher global prices for certain products and increased demand for Indian goods. The government's support and efforts to maintain exports despite lockdowns also contributed to the growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After registering a 24% increase to close to $20 billion in exports of 37 agriculture and processed products promoted by Agricultural and Processed Food Products Export Development Authority (Apeda) during FY21, the government’s agri export body is eyeing at least 10-15% jump in such exports this year.“Export of bovine meat, dairy products, nutri cereals, processed food (conventional, organic and geographical indications) products, fresh fruits and vegetables are expected to increase more during 2021-22,” M Angamuthu, chairman of Apeda, told FE. Demand for wheat, non-basmati rice and other cereals is also likely to rise further, Angamuthu said.According to latest data, exports of Apeda products basket registered a 23.8% growth at $19.97 billion (`1,47,814 crore) during 2020-21 against $16.13 billion during 2019-20. While the non-basmati rice segment more than doubled to $4.8 billion, even higher than basmati, there is a drop of 7% to $4 billion in shipments of aromatic varieties ...

Source: Financialexpress