September 28, 2023


The business lovers

Cereals lift farm exports to $17.5 billion in April-Feb


Exports of farm items monitored by the Agriculture and Processed Meals Enhancement Authority (Apeda) increased by a fifth to leading $seventeen.5 billion during the April-February period of the very last fiscal in contrast with $fourteen.5 billion in similar period the former fiscal. The exports growth is notwithstanding the supply disruptions brought on by Covid-induced lockdown.

In rupee terms, exports grew 26 per cent to ₹1.thirty-lakh crore in opposition to ₹1.03-lakh crore in the similar period very last 12 months.

Solid overseas desire for items this sort of as non-basmati and basmati rice, groundnuts, pulses, dairy items, fresh veggies and fruits among the other folks contributed to the growth in the shipments. However, some big items this sort of as buffalo meat and guargum declined.



Cereals, as a class, clocked the optimum growth adopted by processed fruits and veggies, and floriculture and seeds, whilst the livestock items registered a damaging growth. Cereals shipments rose 48 per cent to $8.seventy five billion during the period in opposition to $5.92 billion in the similar period a 12 months in the past. In rupee terms, cereal exports ended up up fifty four per cent at ₹64,952 crore (₹42,202 crore).

Full rice shipments exceeded 15 million tonnes (8.four million tonnes) during the period. This surge was mainly thanks to the solid desire for non-basmati rice, which saw volumes much more than double to eleven million tonnes (four.fifty seven million tonnes).

The Indian non-basmati rice discovered favour with overseas buyers as other producers confronted supply concerns. “The exports are on anticipated strains. We be expecting the shipments for the fiscal 2020-21 to be all around 12 million tonnes,” explained BV Krishna Rao, President, The Rice Exporters Affiliation. However volumes of basmati rice saw an enhance, the worth of the shipments fell six.24 per cent on decrease in regular realisations thanks to weak desire from Iran.

Also, wheat and maize exports registered a big growth during the 12 months. Wheat shipments grew much more than six periods to $446 million ($60 million) on robust buys from international locations this sort of as Bangladesh and Nepal. In quantity terms, wheat shipments ended up up at one.7 million tonnes during the period as in opposition to .two million tonnes.

Classes that registered a growth during the period include fruit and vegetable seeds, pulses, dairy and processed objects this sort of as groundnuts, cereal preparations, milled items, alcoholic drinks, processed fruits and juices and veggies among the other folks.

Meat & Dairy objects

Guargum exports saw a big decrease of forty six per cent at $234 million thanks to weak desire from international locations this sort of as the US. Livestock items including buffalo meat, goat and sheep meat, processed meat and poultry items saw a decrease each in volumes and worth terms. Dairy items and animal casings ended up an exception among the the livestock items registering a growth. Dairy exports ended up up by all around eleven per cent at $285 million, even though animal casings registered a growth of 5 per cent at $51 million.