Agri exports surge 22% in April-November

Exports of agricultural and processed foodstuff solutions, promoted by Agricultural and Processed Food Solutions Export Development Authority (APEDA), elevated for every cent to $15.03 billion in the course of the April-November period of time of the current fiscal. This is from shipments to the tune of $twelve.31 billion in the yr-back period of time, even as commodities these types of as new fruits, flowers, dairy solutions, guar gum, non-Basmati rice, wheat and cashew noted even larger growth.

There was a massive bounce in exports in the course of November with the shipments registering fifty six for every cent growth at $3.38 billion from $2.sixteen billion yr-back.

Apeda Chairman M Angamuthu claimed: “The growth of agriculture and foodstuff exports in 2021 was exceedingly nicely with the promotion of new solutions and set a potent foundation to thrive in the course of pandemic. We shall strive to encourage agriculture and foodstuff exports with the aim of getting to be worldwide leader in this section in 2022.

“The socially acutely aware theme of selling normal and organic agriculture solutions exports, escalating farm cash flow and encouraging regular solutions and supporting foodstuff stability of reduced cash flow countries shall be central and guiding basic principle in the export promotion of agriculture and foodstuff solutions.”

Non-Basmati rice exports in April-November of the fiscal elevated by 46.3 for every cent to $3.nine billion, even though Basmati rice shipments dropped 22.7 for every cent to $ 2.06 billion. In phrases of volume, non-Basmati rice shipments surged by 53.5 for every cent to 10.nine million tonnes (mt), even though Basmati exports fell by 21.2 for every cent to 2.four mt.

Price tag realisation

The selling price realisation in non-Basmati rice declined to $359/tonne from $376/tonne and that of Basmati rice to $860/tonne from $877/tonne.

“Actually, the Basmati selling price has moved up for the new crop to about $890-900/tonne in November as from $800-805/tonne yr-back,” claimed an exporter. In phrases of quantity, Basmati exports have dropped 21.four for every cent even though there was for every cent fall in phrases of price in the course of November.

“The better disruption in providing countries to worldwide current market has delivered this more current market to us. The momentum is necessary to be preserved and sustained by way of enabling products and current market particular methods. India has been away in couple of essential export distribution channels in specific retail chains, which could generate accessibility in price-extra section,” claimed trade coverage analyst S Chandrasekaran. Basmati, as a brand, calls for to transfer from commodity to niche in purchase to increase its price, he claimed.

Contemporary fruits and wheat

In the course of April-November, exports of new fruits elevated by 31.2 for every cent to $ 397 million, floriculture solutions by 39.7 for every cent to $68 million, dairy solutions by 68.6 for every cent to $ 315 million, guar gum by sixty for every cent to $ 258 million and cashew by 24.7 for every cent to $ 305 million.

Wheat exports surged far more than 5 occasions to $one.15 billion in the 8 months to November as India entered new markets these types of as Yemen, Afghanistan, Qatar and Indonesia, aside from strengthening its position in Bangladesh (biggest share in FY21), Nepal, Afghanistan, Sri Lanka and United Arab Emirates.