23/05/2022

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Agri exports surge 22% in April-November

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Exports of agricultural and processed meals merchandise, promoted by Agricultural and Processed Food items Solutions Export Growth Authority (APEDA), enhanced 22.1 for every cent to $15.03 billion during the April-November period of the latest fiscal. This is versus shipments to the tune of $12.31 billion in the yr-ago period, even as commodities such as contemporary fruits, bouquets, dairy goods, guar gum, non-Basmati rice, wheat and cashew claimed even bigger advancement.

There was a major jump in exports all through November with the shipments registering 56 per cent advancement at $3.38 billion from $2.16 billion year-in the past.

Apeda Chairman M Angamuthu stated: “The progress of agriculture and foodstuff exports in 2021 was exceedingly perfectly with the advertising of new items and set a sturdy basis to thrive during pandemic. We shall attempt to encourage agriculture and foodstuff exports with the goal of becoming global leader in this segment in 2022.

“The socially acutely aware topic of advertising pure and natural agriculture merchandise exports, expanding farm profits and encouraging classic products and supporting foods security of reduced money nations shall be central and guiding principle in the export marketing of agriculture and food items products.”

Non-Basmati rice exports in April-November of the fiscal enhanced by 46.3 for every cent to $3.9 billion, whilst Basmati rice shipments dropped 22.7 per cent to $ 2.06 billion. In terms of volume, non-Basmati rice shipments surged by 53.5 for every cent to 10.9 million tonnes (mt), when Basmati exports fell by 21.2 for each cent to 2.4 mt.

Cost realisation

The price tag realisation in non-Basmati rice declined to $359/tonne from $376/tonne and that of Basmati rice to $860/tonne from $877/tonne.

“Actually, the Basmati cost has moved up for the refreshing crop to about $890-900/tonne in November as towards $800-805/tonne calendar year-back,” explained an exporter. In phrases of amount, Basmati exports have dropped 21.4 for every cent although there was 13.1 per cent drop in phrases of price for the duration of November.

“The increased disruption in giving nations to world market place has provided this more industry to us. The momentum is necessary to be preserved and sustained by way of enabling products and current market certain techniques. India has been absent in handful of important export distribution channels in specific retail chains, which could produce accessibility in worth-included phase,” explained trade policy analyst S Chandrasekaran. Basmati, as a manufacturer, involves to transfer from commodity to market in get to improve its value, he said.

Clean fruits and wheat

For the duration of April-November, exports of fresh fruits increased by 31.2 for each cent to $ 397 million, floriculture merchandise by 39.7 per cent to $68 million, dairy products by 68.6 per cent to $ 315 million, guar gum by 60 for each cent to $ 258 million and cashew by 24.7 per cent to $ 305 million.

Wheat exports surged far more than 5 instances to $1.15 billion in the eight months to November as India entered new marketplaces this kind of as Yemen, Afghanistan, Qatar and Indonesia, aside from strengthening its place in Bangladesh (largest share in FY21), Nepal, Afghanistan, Sri Lanka and United Arab Emirates.