India sees 14,7pc increase in agric trade

21 Nov, 2021 - 00:11 0 Views
India sees 14,7pc increase  in agric trade

The Sunday Mail

INDIA’s exports of agricultural and processed food products rose by 14,7 percent to US$11,65 billion during the April-October period on the back of healthy growth in commodities including rice, and fresh fruits and vegetables, the commerce ministry said on Friday.

The export of rice has increased to US$5,28 billion during the first seven months of this fiscal year as against US$4,77 billion in April-October 2020, it added.

Similarly, exports of fresh fruits and vegetables rose to US$1,53 billion during the April-October period of 2021-22 as compared to US$1,37 billion in April-October 2020-21, it said.

Outbound shipments of meat, dairy and poultry products increased from US$1,97 billion in April-October 2020 to US$2,28 billion in April-October 2021.

Cashew exports expanded by 29,2 percent during the period under review to US$265,27 million.

We continue to focus on creating infrastructure for exports from eastern, north-eastern regions and hilly states, where infrastructure was earlier not adequate, M Angamuthu, Chairman, APEDA (Agricultural and Processed Food Products Export Development Authority) said.

Steps which have helped in pushing up exports growth include promoting geographical indications (GI) tag goods, virtual Buyer Seller Meets, recognising 220 labs across India to provide services of testing.

Further, financial assistance schemes of infrastructure development, market development, International Trade Fairs, and registration of meat processing plants and abattoirs for ensuring compliance with the global food safety and quality requirements also helped boost exports. —

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