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Agricultural exports jump 20% to $50 bn in FY22

Agricultural exports jump 20% to $50 bn in FY22

Exports of rice were the top forex earner at $9.65 billion among agri commodities during 2021-22, growing by 9.35% from the previous year, Commerce and Industry Ministry said in a statement.

Wheat exports jumped to $2.2 billion in 2021-22 against $567 million in the previous fiscal. Wheat exports jumped to $2.2 billion in 2021-22 against $567 million in the previous fiscal.

India's agricultural exports rose by about 20% to $50.21 billion during 2021-22 despite logistical challenges posed by the COVID-19 pandemic, the Commerce and Industry Ministry said on Saturday. Exports of rice were the top forex earner at $9.65 billion among agri commodities during 2021-22, growing by 9.35% from the previous year, it said in a statement.

Wheat exports jumped to $2.2 billion in 2021-22 against $567 million in the previous fiscal.

Shipments of dairy products grew by over 96% to $634 million in 2021-22 from $323 million in 2020-21, while exports of bovine meat increased from $3.17 billion in 2020-21 to $3.30 billion in 2021-22.

Export of poultry products rose to $71 million in 2021-22 from $58 million in the previous year and sheep/goat meat exports were up by 34% at $60 million in 2021-22.

Major export destinations include Bangladesh, the UAE, Vietnam, the US, Nepal, Malaysia, Saudi Arabia, Indonesia, Iran and Egypt.

"The rise in export of agricultural and processed food products has been largely due to the various initiatives taken by the Centre through APEDA such as organizing B2B exhibitions in different countries, exploring new potential markets through product specific and general marketing campaigns by active involvement of Indian Embassies," it added.

"We have also created a product matrix for 50 agricultural products which have good scope for expanding our exports portfolios," said M Angamuthu, Chairman, APEDA.

Also read: India to export 30-35 lakh tonnes of wheat in Apr-July, says Food Secretary

Also read: Wheat exports hit record 7.85 mn tonnes in 2021-22, say traders