India achieves rise of 21.8% in export of agri & processed foods despite Covid curbs
In a considerable boost to agricultural produce export prospects, India increased agricultural and processed food product exports by 21.8% in 2021-22 (April-August) over the similar period in 2020-21.
According to the Directorate General of Commercial Intelligence and Statistics' (DGCI&S) Quick Estimates, the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products increased by 21.8% in value terms between April and August 2021.
Exports of APEDA goods climbed to US$7902 million in April-August 2021, up from US$6485 million in April-August 2020.
This increase in exports occurred despite Covid-19 limits. The considerable increase in agri-exports is viewed as evidence of the government's commitment to increasing farmers' incomes by focusing on the country's agricultural and processed food exports.
The massive increase in agricultural and processed food exports over the first five months of the current fiscal year is a continuation of the boom seen in fiscal year 2020-21. According to the WTO's trade map, India ranks ninth in the world with total agri-exports of US$37 billion in 2019.
Rice exports climbed by 13.7% from US$3359 million in April-August 2020 to US$3820 million in April-August 2021.
According to Quick Estimates, exports of fresh fruits and vegetables increased by 6.1 percent in terms of US dollars, while exports of processed food products such as cereals, prepared foods, and other processed items increased by 41.9%. Fresh fruits and vegetables were exported to the tune of US$1013 million in April-August 2020-21, increasing to US$1075 million in April-August 2021-22.
India reported a remarkable 142.1% growth in exports of other cereals and a 31.1% increase in exports of meat, dairy, and poultry products in the first five months of the current fiscal year (2021-22).
Other cereals exports climbed from USD 157 million in April-August 2020 to USD 379 million in April-August 2021, while meat, dairy, and poultry products exports increased from USD 1185 million in April-August 2020 to USD 1554 million in April-August 2021.
Cashew exports increased by 28.5% between April and August 2021, rising from USD 144 million in April-August 2020 to USD 185 million in April-August 2021.
APEDA's initiatives, which are overseen by the Ministry of Commerce, have aided the country in reaching this milestone at a time when the majority of business activities have suffered significant setbacks as a result of the restrictions imposed following the outbreak of the second wave of the Covid-19 pandemic.
The increase in agricultural and processed food exports is a result of APEDA's numerous export promotion initiatives, which include organising B2B exhibitions in various countries and exploring new potential markets through product-specific and general marketing campaigns with the active participation of Indian embassies.
Additionally, the APEDA has taken many measures to promote items with registered geographical indications (GI) in India by hosting virtual Buyer Seller Meets with the UAE on agricultural and food products and with the USA on GI products, including handicrafts. APEDA is continuing its strategy of virtual buyer-seller meetings (VBSM) with prospective importing countries in order to increase awareness of the GI goods associated with important agricultural commodities sold.
To enable smooth quality certification of exported products, APEDA has recognised 220 laboratories around India to provide testing services to a diverse variety of products and exporters.
Additionally, APEDA aids in the upgrade and strengthening of internationally recognised laboratories for export testing and residue monitoring strategies. It assists with infrastructure development, product quality improvement, and market growth in order to increase agricultural product exports.
APEDA organises exporters' participation in International Trade Fairs, which provide an opportunity for exporters to advertise their food goods on a global scale. Additionally, APEDA organises national events like as Aahar, Organic World Congress, and BioFach India to promote agricultural exports.
APEDA begins the process of registering packhouses for horticulture products to ensure they fulfil the quality standards of the worldwide market. Registration of export units, such as those engaged in peanut shelling, grading, and processing, is one way to assure compliance with quality standards in the EU and non-EU nations.
APEDA registers meat processing plants and abattoirs to ensure they meet global food safety and quality standards. Another critical undertaking is the creation and deployment of traceability systems that ensure the importing countries' food safety and quality compliance. APEDA compiles and disseminates various international trade analytical information, market access information, and responds to trade inquiries in order to increase exports.