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Agri-product exports increased by 44% at $4.817 bn in Q1 of current fiscal year

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Building on last year’s strong performance, APEDA’s agri-product exports increased by 44% in the first quarter of the current fiscal year, owing to increased international demand.

This is despite challenges such as supply chain issues caused by the covid second-wave induced lockdown across the country in April and May, as well as higher freight rates.

Exports of Agri-products monitored by the Agricultural and Processed Foods Export Development Authority (APEDA) reached at $4.817 billion during April-June 2021, up from $3.338 billion in the same period last year, As per a preliminary estimate.

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Exports of rice

Rice shipments, both basmati, and non-basmati increased by 25% to $2.398 billion, compared to $1.914 billion in the same time last year. The largest product in APEDA’s range is rice. While there are no details on the rice amounts exported throughout the quarter, demand for the cereal remains strong.

Other cereals, such as wheat and maize, saw a 415 percent growth in the third quarter. Other cereal exports were $235.3 million, up from $44.9 million the previous year, according to APEDA.

Cereals, livestock

Exports of livestock goods, such as meat, dairy, and poultry, increased by 111.5 percent in the third quarter, surpassing $1 billion. The value of livestock products in the third quarter was $1.022 billion, up from $483.3 billion in the previous quarter.

During the April-June quarter of this year, cereal preparations and miscellaneous processed products grew by 69.6%, surpassing the $500 million milestones. Exports of cereal preparation and other processed commodities totaled $527.7 million, up from $311.1 million the previous year.

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Vegetables and fruits

Fruit and vegetable exports increased by 9.1% to $637 million in the first quarter of this year, compared to $584.5 million the previous year.

Exports of APEDA products increased by 25% to $19.96 billion in the fiscal year 2020-21, owing to a strong rise in shipments of crops like rice and wheat.