Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Agri exports rise 9% to $26.3 bn in FY23.
May 08, 2023
Exports of agricultural and processed food products rose by 9% to $26.3 billion in 2022-23 as compared to FY22, driven by a spike in shipment of rice, fruits and vegetables, livestock and dairy products.
The shipment of products under the agricultural and processed food products exports development authority (Apeda) basket surpassed the target of $23.56 billion for FY23.
According to the Directorate General of Commercial Intelligence and Statistics, the value of rice exports in FY23 rose by more than 15% year-on-year to a record $11.1 billion from $9.6 billion in the previous fiscal. In terms of volume, rice shipment grew by 5% to 22.34 million tonne (MT) last fiscal year-on-year.
The increased realisation in rice exports has been achieved despite India last year banning broken rice shipment and imposition of exports tax of 20% on white rice.
Officials attribute the spike in rice exports to factors such as robust global demand especially from West Asian countries, Africa and Europe and floods in Pakistan, a major grain exporter which had hugely impacted a large chunk of paddy crop.
India has been the world’s largest exporter of rice in the last decade and currently has 45% share in global grain trade.
The United States Department of Agriculture (USDA), in its April 2023 crop outlook, stated 'India’s prices are the most competitive among global suppliers and its total supply of rice is near-record high'.
'Robust global demand and competitive pricing have ensured a surge in rice exports in the current fiscal and adherence to quality parameters has resulted in sharp increase in demand for Indian rice with the grain being shipped to more than 75 countries,' an official told FE.
Fresh and processed fruits and vegetables reported export growth of 18.8% to $3.8 billion in the last fiscal year. The shipment of cereals, preparations and processed food products rose by 20% $4.3 billion in FY23.
Export of meat, dairy and poultry products declined marginally compared to last year at $4 billion last fiscal compared to previous year.
However exports realisation, in terms of rupees, rose by 4% to Rs 32,334 crore last fiscal.
Exports of products under Apeda basket was $ 25.6 billion in 2021-22, which was around 51% of the country’s total agricultural goods exports of more than $50 billion. Rest of agricultural products exports include marine, tobacco, coffee and tea.
Commerce ministry officials attribute the rise in the export of agricultural and processed food products because of the government’s initiatives such as organising B2B exhibitions in various countries, tie ups with global hypermarket chains, exploring new markets through product-specific marketing campaigns by the active involvement of Indian missions.
financialexpress.com
Archive