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Exports of agri, processed food products up record 15%
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SME Times News Bureau | 19 Nov, 2021
In a major boost to export prospects of agricultural produce, India
registered a significant surge in export of agricultural and processed
food products in April-October period of current Financial Year,
2021-22, in comparison to the corresponding seven month period of last
fiscal, 2020-21.
According to the Quick Estimates released by the
Directorate General of Commercial Intelligence and Statistics
(DGCI&S), the overall export of Agricultural and Processed Food
Products Export Development Authority (APEDA) products witnessed 14.7
per cent growth in terms of USD during April-October 2021 over the same
period of the previous year.
The overall export of APEDA products
increased from USD 10,157 million in April-October 2020 to USD
11,651million in April-October 2021.
This rise in exports has
been achieved notwithstanding Covid-19 restrictions. The significant
rise in agri-exports is seen as a testimony of the government's
commitment to increase farmers' income through giving thrust on boosting
exports of agricultural and processed food products of the country.
The
significant jump in exports of agricultural and processed food products
during the first seven months of current fiscal is in continuation of
growth in exports witnessed in the financial year 2020-21.
The
export of rice, which recorded a positive growth of 10.5 per cent,
increased from USD 4777.35 million in April-October 2020 to USD 5278.95
million in April-October 2021.
As per the Quick Estimates, the
exports of fresh fruits and vegetables registered a 11.6 per cent
growth in terms of USD, while shipment of processed food products like
cereals preparations and miscellaneous processed items reported a growth
of 29 percent.
In April-October 2020-21, fresh fruits and
vegetables were exported to the tune of USD 1374.59 million which rose
to USD 1534.05 million in April-October 2021-22.
India reported a
85.4 per cent jump in export of other cereals while the export of meat,
dairy & poultry products witnessed an increase 15.6 percent in the
first seven months of the current fiscal (2021-22).
The export of
other cereals increased from USD 274.98 million in April-October 2020
to USD 509.77 million in April-October 2021 and the export of meat,
dairy and poultry products increased from USD 1978.6 million in
April-October 2020 to USD 2286.32 million in April-October 2021.
The
cashew export witnessed a growth of 29.2 per cent in April-October 2021
as the export of cashew rose from USD 205.29 million in April-October
2020 to USD 265.27 million in April-October 2021.
The initiatives
taken by APEDA, which functions under the Ministry of Commerce, has
helped the country achieve this milestone at a time when most of the
business activities suffered a huge setback due to the restrictions
imposed after the outbreak of second wave of the Covid-19 pandemic.
"We
continue to focus on creating infrastructure for exports from eastern,
Northeastern regions and hilly states, where infrastructure was earlier
not adequate," said M. Angamuthu, Chairman, APEDA.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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