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India eyes markets beyond US for honey exports
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Top Stories |
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SME Times News Bureau | 05 Jan, 2022
India no longer remains dependent on the US for its natural honey
exports and has started eying the other lucrative markets such as the
UK, Europe, and Southeast Asia.
"We are working in close
collaboration with the state governments, farmers, and other
stakeholders in the value chain to boost exports to other countries and
regions such as the United Kingdom, European Union, and South East
Asia," The Agricultural and Processed Food Products Export Development
Authority (APEDA) Chairman, Dr M. Angamuthu said.
India is also renegotiating the duty structure imposed by various countries for boosting honey exports.
At
present, India's natural honey exports are majorly dependent on one
market - the US which accounts for more than 80 per cent of the exports.
APEDA
has been facilitating honey producers in accessing export markets
besides availing government assistance under different schemes, quality
certification, and lab testing. It is working with the exporters to deal
with the challenges such as higher freight cost, limited availability
of containers in peak honey export season, higher Nuclear Magnetic
Resonance test costs, and inadequate export incentives.
India
exported 59,999 metric tons (MT) of natural honey worth Rs 716 crore (
$96.77 million) during 2020-21, with the US taking a major share at
44,881 MT. Saudi Arabia, United Arab Emirates, Bangladesh, and Canada
were the other top destinations for Indian honey.
With the total
honey exports globally in 2020 at 736,266.02 MT, India ranks 8th and
9thAin the world in honey producing and exports, respectively.
The
government approved an allocation of Rs 500 crore for the National
Beekeeping and Honey Mission (NBHM) for three years (2020-21 to
2022-23). The mission, announced as part of the AtmaNirbhar Bharat
initiative in February 2021, aims for the overall promotion &
development of scientific beekeeping in the country to achieve the goal
of "Sweet Revolution" which is being implemented through the National
Bee Board (NBB). There is a budget of Rs 170 crore for the mini mission.
The purpose is for developing beekeeping in the country, developing
honey clusters, improving the quality and productivity of honey, and
also increasing exports.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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