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Exports of Indian dairy products top $500-million mark, hit eight-year high.
Apr 18, 2022
Rise aided by rising feed costs, bad weather hit milk output in large producing countries.
The exports of Indian dairy products are estimated at an eight-year high in FY22 on robust demand, aided by higher global prices.
Provisional data for the first eleven months — April 2021 to February 2022 — indicate that shipments have touched 1.70 lakh tonnes valued at over $552 million, a 93 per cent growth in value and 63 per cent volume growth over the same period a year ago. In rupee terms, exports grew to ?4,115 crore, an year-on-year increase of 94 per cent over ?2,122 crore, as per the DGCIS data.
The surge in exports is driven by robust demand for both commodity and value-added dairy products, coupled with a rise in global prices. Trade sources said both co-operatives and private players have seen good growth in exports of dairy products during the year.
thehindubusinessline.com
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