India’s agri-exports cross 50 billion dollar for the year 2021-22

Despite Covid challenges,India’s agri exports has crossed  50 billion dollar for the year 2021-22, Exports of rice were the top forex earner at USD 9.65 billion among agri commodities during 2021-22, growing by 9.35 per cent from the previous year. Wheat exports jumped to USD 2.2 billion in 2021-22 against USD 567 million in the previous fiscal. Major export destinations include Bangladesh, the UAE, Vietnam, the US, Nepal, Malaysia, Saudi Arabia, Indonesia, Iran, and Egypt.

 Agricultural and Processed Food Products Export Development Authority (APEDA) has scripted a new history by exporting agricultural and processed food products to the tune of  25.6 billion dollar, which is 51 per cent of the India’s total agriculture exports of 50 billion dollar. Besides, the APEDA has also surpassed its own export target of   23.7 billion dollar for the financial year 2021-22 by registering shipments of  25.6 billion dollar. As per the provisional figures released by DGCI&S, the agricultural exports have grown by 19.92 per cent during 2021-22 to touch 50.21 billion dollar. The significant rise in agri-exports is seen as a testimony of the government’s commitment to enhance farmers’ income through giving thrust on boosting exports of agricultural and processed food products. The rise in export of agricultural and processed food products has been largely due to the various initiatives taken by Centre including organizing B2B exhibitions in different countries and exploring new potential markets through product-specific and general marketing campaigns. The government organized more than 300 outreach programmes in collaboration with state governments for enhancing the exports of agricultural produce. 

APEDA Chairman  Dr M Angamuthu said the Centre has created matrix for 50 agricultural products with good export potential to help boost agri exports. It has also taken several initiatives to promote geographical indications registered with agricultural and processed food products in India by organizing virtual Buyer Seller Meets on agricultural and food products with the major importing countries. In order to ensure seamless quality certification of products to be exported, the government has recognized 220 labs across India to provide services of testing to a wide range of products to exporters.