Constructing on final 12 months’s sturdy progress, exports of agri-products below the portfolio of Agricultural and Processed Meals Export Improvement Authority (APEDA) registered a 44 per cent enhance within the first quarter of present monetary 12 months on larger abroad demand. That is however challenges corresponding to the provision chain points triggered by the Covid second wave induced lockdown throughout April and Might throughout the nation and better freight charges.
In line with fast estimates, exports of farm merchandise monitored by the APEDA touched $4.817 billion throughout April-June 2021 in contrast with $3.338 billion in the identical interval a 12 months in the past.
Shipments of rice — basmati and non-basmati — grew 25 per cent at $2.398 billion towards $1.914 billion within the year-ago interval . Rice is the most important product in APEDA’s portfolio. Particulars of the rice volumes shipped through the quarter weren’t obtainable, whereas demand continues to be sturdy for the cereal.
Cereals and livestock
Different cereals, together with wheat and maize, registered a whopping 415 per cent enhance through the quarter. Exports of different cereals stood at $235.3 million in contrast with $44.9 million within the first quarter final 12 months, APEDA mentioned.
Exports of livestock merchandise, together with meat, dairy and poultry, gained 111.5 per cent through the quarter topping the $1-billion mark.
The worth of livestock merchandise through the quarter stood at $1.022 billion in contrast with $483.3 billion within the year-ago interval. Cereal preparations and miscellaneous processed merchandise registered 69.6 per cent progress to exceed the half a billion mark through the overview interval. Exports of cereal preparation and different processed gadgets stood at $527.7 million towards $311.1 million.
Fruits and veggies
Fruits and vegetable exports elevated by 9.1 per cent to $637 million within the first quarter in contrast with $584.5 million in the identical interval a 12 months in the past.
Over the past fiscal, exports of APEDA merchandise elevated by 25 per cent to $19.96 billion on sturdy progress in shipments of merchandise corresponding to rice and wheat.