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APEDA achieves 84% percent of total export target for 2022-23 in nine months.
Feb 13, 2023

The Agricultural and Processed Food Products Export Development Authority (APEDA) has achieved 84 percent of its total export target for the year 2022-23 in nine months of the current fiscal, according to the data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S).

APEDA for the year 2022-23, had fixed the export target of USD 23.6 billion for the agricultural and processed food products. USD 694 billion has already been achieved in nine months of this fiscal.

As per the DGCI&S provisional data, the exports of agricultural and processed food products have risen 13 percent from April to December in comparison with the corresponding period of FY 2021-22.

The exports increased to USD 19.7 billion in April-December 2022 from USD 17.5 billion in same period last year.

The processed fruits and vegetables recorded a growth of 30.36 percent (April-December 2022), while fresh fruits and vegetables registered four percent growth in comparison to corresponding months of the previous year, the data pointed out.

Also, processed food products like cereals preparation and miscellaneous processed items reported a growth of 24.35 percent when compared to the first nine months of the previous year. Pulses have also witnessed an increase of 80.38 percent in the first nine months.

The export of poultry products increased by 91.70 percent and the export of other cereals recorded a growth of 13.64 percent in nine months of the current fiscal. The export of poultry products rose to USD 95 million from USD 50 million in previous year.

Similarly, dairy products recorded a growth of 19.45 percent as its export rose to USD 471 million in April-December 2022 from USD 395 million in the same period of the last year.

Speaking about the target achieved, M Angamuthu, Chairman, APEDA, said, 'We have been engaged with all the stakeholders such as farmers, exporters, processors and Indian missions to ensure that quality and high value agricultural and processed food products are exported from the country.'

'Through creating a necessary eco-system of exports along with collaboration with key stakeholders in the agri-exports value chains, we are aiming to sustain the growth in India’s agricultural and processed food exports in the current fiscal as well,' Angamuthu, said.

The rise in the export of agricultural and processed food products is the outcome of APEDA’s various initiatives taken for the export promotion of agricultural and processed food products such as organising B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by the active involvement of Indian Embassies.

APEDA has also taken several initiatives to promote products having registered geographical indications (GI) in India by organising virtual Buyer Seller Meets on agricultural and food products.

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