India’s agricultural and processed meals product exports will proceed to surge within the present fiscal after a file cargo valued at $25.6 billion in 2021-22 due to international demand for the agricultural commodities, stated Madhaiyaan Angamuthu, chairman of Agricultural and Processed Food Products Exports Development Authority (APEDA)
Demand for agricultural merchandise from India is witnessing a surge in lots of markets regardless of logistical challenges reminiscent of freight prices and container shortages, he added. “Demand for Indian products is increasing and optimum efforts are being made to ensure an uninterrupted supply chain,” Angamuthu advised FE.
Amongst the APEDA basket merchandise, rice exports in 2021-22 have been valued at greater than $9.65 billion, whereas the cargo worth of different key commodities like sugar was at $4.6 billion adopted by buffalo meat at $3.3 billion, wheat at $2.2 billion and fruit and veggies at $1.4 billion.
Angamuthu stated that development within the agricultural merchandise export can be sustained regardless of the federal government banning wheat exports in May whereas permitting solely shipments which had a letter of credit score and people cleared underneath bilateral offers.
“Our wheat exports rose only in the last two years and we were never a major player in the global market for the cereal while we continue to be the biggest exporter of rice globally in the last decades,” he stated. India exported a file 7 million tonne (MT) of wheat value $2 billion in 2021-22, towards simply 2.1 MT value $0.55 billion in 2020-21.
On the potential of imposing restrictions on exports of agricultural merchandise, the APEDA chairman stated that macro surroundings evaluation allows every nation to determine the requirement of home and surplus and accordingly the choice is taken.
India’s agricultural merchandise together with rice, fruit and veggies, marine, tea and occasional exports crossed a file $50 billion mark in 2021-22. APEDA’s merchandise share in India’s agricultural exports was 52%.
The authorities can be within the course of of making a matrix for 50 agricultural merchandise with export potential.
On the challenges confronted by India’s agricultural and processed meals merchandise exports, the agri-export promotion physique has recognized elements reminiscent of pesticide residues, traceability necessities, prohibition and restrictions in exports, market entry and many others. as a couple of of the foremost constraints. As far as traceability is anxious, the export promotion physique has arrange a system as per the requirement of importing nations, it has been applied for grapes, peanuts, horticulture merchandise and many others cargo.
APEDA for the primary time facilitated exports of distinctive merchandise reminiscent of Mishri number of cherries and saffron, Mushkbudji perfume rice from Kashmir valley and Apricot from Kargil to the United Arab Emirates (UAE). Similarly, ‘Bao-dhaan’, grown within the Brahmaputra valley of Assam was exported to the United States. Jamun was shipped to the United Kingdom from Lucknow, Uttar Pradesh as ‘exotic’ fruit.
A variety of Geographical Identification (GI) tagged merchandise have been exported reminiscent of King Chilli from Nagaland to the United Kingdom, Bhalia wheat from Gujarat to Kenya and Sri Lanka, candy dish Mihidana from Bardhaman, West Bengal to Bahrain, Madurai Malli (Jasmine) from Tamil Nadu to the United States, Marayoor jaggery from Kerala to UAE.
Source: www.financialexpress.com”