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Q1 farm exports up 44% at $4.8-billion

Fri July 23 2021

 

Rice shipments rise by a fourth at $2.39 billion on strong demand

Building on last year’s robust growth, exports of agri-products under the portfolio of Agricultural and Processed Foods Export Development Authority (APEDA) registered a 44 per cent increase in the first quarter of current financial year on higher overseas demand. This is notwithstanding challenges such as the supply chain issues triggered by the Covid second wave induced lockdown during April and May across the country and higher freight rates.

According to quick estimates, exports of farm products monitored by the APEDA touched $4.817 billion during April-June 2021 compared with $3.338 billion in the same period a year ago.

Shipments of rice — basmati and non-basmati — grew 25 per cent at $2.398 billion against $1.914 billion in the year-ago period . Rice is the largest product in APEDA’s portfolio. Details of the rice volumes shipped during the quarter were not available, while demand continues to be robust for the cereal.

Cereals and livestock

Other cereals, including wheat and maize, registered a whopping 415 per cent increase during the quarter. Exports of other cereals stood at $235.3 million compared with $44.9 million in the first quarter last year, APEDA said.

Exports of livestock products, including meat, dairy and poultry, gained 111.5 per cent during the quarter topping the $1-billion mark.

The value of livestock products during the quarter stood at $1.022 billion compared with $483.3 billion in the year-ago period. Cereal preparations and miscellaneous processed products registered 69.6 per cent growth to exceed the half a billion mark during the review period. Exports of cereal preparation and other processed items stood at $527.7 million against $311.1 million.

Fruits and veggies

Fruits and vegetable exports increased by 9.1 per cent to $637 million in the first quarter compared with $584.5 million in the same period a year ago.

During the last fiscal, exports of APEDA products increased by 25 per cent to $19.96 billion on robust growth in shipments of products such as rice and wheat.

 

Source: https://www.thehindubusinessline.com/

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