According to the commerce and industry ministry, exports of Indian agricultural and processed food products have amazingly gone up by 14% on-year in the first three months of FY23 to $5.98 billion, it said in a statement.
The exports of these products were $5.25 billion in the same period of the previous fiscal.
The ministry said that of the total $23.56 billion export target for 2022-23, 25.4% (has been) achieved in the first three months. The export target for April-June 2022-23 was $5.89 million.
The exports of fresh fruits & vegetables rose 8.6%, while those of processed food products like cereals and miscellaneous processed items grew 36.4% year-on-year in the first quarter of 2022–23. And in April-June, 2021, fresh fruits and vegetables exports were $642 million, which increased to $697 million in the corresponding months of the current fiscal.
Rice exports witnessed a growth of 13% in the first three months of FY23, while the export of meat, dairy and poultry products increased by 9.5% and the export of other cereals rose by 29%.
Dairy products were exported to the tune of $1.12 billion in the first three months of the current fiscal year, up from $1.1 million in the same period last year. India’s agricultural product exports increased by 19.92% during 2021-22, reaching $50.21 billion.
“The ministry intends to maintain the current fiscal year’s growth in agricultural and processed food exports,” said M. Angamuthu, Chairman of the Agricultural and Processed Food Products Export Development Authority (APEDA).