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HomePosts Tagged "agri export"
Country, India, Trade, Vegetables, World

Fruits and vegetables, cereals, livestock, and processed foods witnessed a spike in exports this fiscal

Exports of agricultural and processed food products have increased by 25 per cent within six months of the current Financial Year 2022-23 (April-September) in comparison to the corresponding period of FY 2021-22. According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of agricultural and processed food products has witnessed a growth of 25 per cent during April-September 2022.

The overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13,771 million in April-September 2022 from $11056 million over the same period of the last fiscal year. The initiatives taken by the Ministry of Commerce and Industry through APEDA have helped the country achieve 58 per cent of its total export target for the year 2022-23 within six months of the current fiscal.

For the year 2022-23, an export target of $23.56 billion has been fixed by APEDA for the agricultural and processed food products basket and export of $13.77 billion have already been achieved in these six months of the current fiscal. As per the DGCI&S provisional data, processed fruits and vegetables recorded a significant growth of 42.42 per cent (April-September 2022), while fresh fruits registered 4 per cent growth as opposed to corresponding months of the previous year.

Also, processed food products like cereals and miscellaneous processed items reported a growth of 29.36 per cent compared to the first six months of the previous year.

In April-September, 2021, fresh fruits were exported to the tune of $ 301 million which increased to $313 million in the corresponding months of the current fiscal. Exports of processed F&V jumped to USD 1024 million in six months of the current fiscal from $719 million in the corresponding months of the previous year.

The export of pulses has witnessed an increase of 144 per cent in Q2 of the current fiscal in comparison to the corresponding months of the last fiscal as the export of lentils increased from $ 135 million (April-September 2021-22) to $ 330 million (April-September 2022-23).

Basmati Rice exports witnessed a growth of 37.36 per cent in six months of FY 2022-23 as its export increased from $ 1660 million (April-September 2021) to $ 2280 million (April-September 2022), while the export of non-Basmati rice registered a growth of 8 per cent in Q2 of current fiscal. Its export increased to USD 3207 million in six months of the current fiscal from $ 2969 million in the corresponding months of the previous year.

The export of meat, dairy and poultry products increased by 10.29 per cent and the export of other cereals recorded a growth of 12.29 per cent in six months of the current fiscal. The poultry products alone registered a growth of 83 per cent as its export rose to $57 million within the half-year bracket of the current fiscal from $31 million recorded for the corresponding months of the previous year.

Similarly, dairy products recorded a growth of 58 per cent as its export rose to $ 342 million in Q2 of the current fiscal from $216 million in Q2 of the previous year.

Wheat export registered an increase of 136 per cent in Q2 of the current fiscal. Wheat export rose to $1487 million in April-September 2022 from $630 million in April-September 2021.

Other cereals’ export increased from $ 467 million in April-September 2021 to $525 million in April-September 2022 and the export of livestock products increased from $ 1903 million in April-September 2021 to $ 2099 million in April-September 2022.

Fruits and vegetables, cereals, livestock, and processed

Agrotech, Horticulture, Interaction

Founded in 2013, AgroStar primarily offers advisory to  farmers and access to quality agri-products through their  retail stores. AgroStar currently operates in the states  of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh,  and Uttar Pradesh serving over 18 million farmers and  covering over 7,500 pin codes. Agri Advisory Center is the  largest such centre in South Asia in the field of agriculture. Recently, AgroStar acquired INI Farms Pvt Ltd, the largest  exporter of fruits like bananas and  pomegranates from  India, in a 100 per cent acquisition deal. The acquisition will help AgroStar to rapidly scale their business into the domestic and international food supply chains, as well as achieve their target of Rs 1000 crore in FY23, a threefold jump in revenues. Shardul Sheth, Co-founder & CEO, AgroStar interacts with AgroSpectrum about the future of horticulture exports in India. Edited excerpts;

Recently AgroStar has acquired the largest exporter of F&V crops, INI Farms. How will the company provide market linkage solutions for the
domestic and export markets to INI Farms’ large network of farmers?
AgroStar is India’s largest digital network of farmers and has created an AgTech platform that provides farmers with good quality agri-inputs and on-time advisory. These value propositions have helped millions of farmers increase their yield, reduce their cost of cultivation and improve the quality of their produce, thereby helping farmers earn more. Just like the assistance on the input side, our farmers are seeking our support in providing better market linkages to sell their produce. With repeated farmer requests over the years, venturing into the output side was the logical next step in our mission of Helping Farmers Win. INI Farms has spent a decade building a brand focused on making great quality fresh fruits of Indian origin available to the world. It is now India’s largest exporter of bananas and pomegranates. Its brand “Kimaye” is available in more than 35 countries around the world. AgroStar will provide additional value to its large network of farmers by making its produce available to quality-conscious consumers around the globe. INI Farms’ customer base of global retailers will get access to a wider basket of F&V products. AgroStar will also provide access to great quality inputs, tech-based farm interventions, and solutions designed to increase yields to INI Farms’ network of farmers across multiple states. INI Farms’ acquisition provides a great opportunity for our farmers to expand their business to new and international markets, and our global customers will also now have access to a much wider and more diverse crop base.

To read more click: E-Magazine – Agrospectrum India

Founded in 2013, AgroStar primarily offers advisory

AgroPolicy, Trade

India has shipped 13,69,264 MT of seafood worth Rs 57,586.48 crore during FY 2021-22

Despite several challenges in its major export markets caused by the Covid pandemic, India has managed to do an all-time high export. India has shipped 13,69,264 MT of seafood worth Rs 57,586.48 crore ($7.76 billion) during financial year 2021-22, despite heavy odds. During this period, export improved in rupee terms by 31.71 per cent, in USD terms by 30.26 per cent and in quantity terms by 19.12 per cent. In 2020-21, India had exported 11,49,510 MT of seafood worth Rs 43,720.98 crore ($5,956.93 million).

According to K N Raghavan, Chairman, Marine Products Export Development Authority (MPEDA), India managed to do an all-time high export despite several challenges in its major export markets caused by the Covid pandemic.

Frozen shrimp remained the major export item in terms of quantity and value and earned Rs 42,706.04 crore ($5,828.59 million). It accounted for a share of 53.18 per cent in quantity and 75.11 per cent of the total dollar earnings. Shrimp exports during the period increased by 31.68 per cent in USD value and 23.35 per cent in quantity.

The other items being the second largest export, fetched Rs 3,979.99 crore ($540.73 million), accounting for 12.96 per cent in quantity and 6.97 per cent in USD. The export of other items increased by 43.8 per cent in rupee value and 42.94 per cent in dollar value. Other items comprise surimi and surimi analogue products by 56.55 per cent in USD terms.

Frozen fish, the third largest export item, fetched Rs 3471.91 crore ($471.45 million), accounting for 16.55 per cent in quantity and 6.08 per cent in USD. The export of frozen fish increased by 20.44 per cent in quantity and 17.19 per cent in USD.

India has shipped 13,69,264 MT of seafood

Trade

The mango show in Bahrain is part of APEDA’s new initiatives to explore international markets for Indian mangoes under the ‘Mango Festival 2022’

In a major boost to the export of mangoes, the Agricultural and Processed Food Products Export Development Authority (APEDA) launched an eight-day-long Mango Festival in the Kingdom of Bahrain on June 13 in association with the Indian Embassy and Al Jazira Group.

At the show, 34 varieties of mangoes from eastern states of West Bengal, Bihar, Jharkhand, Uttar Pradesh and Odisha, are being displayed at eight different locations of Bahrain’s Al Jazira group supermarket. 27 of these varieties have been procured from West Bengal, while two each variety are from Bihar, Jharkhand, Odisha, and one variety from Uttar Pradesh. All the varieties of mangoes have been directly procured from farmers and two Farmer Producer Organisations. The mango show will continue till June 20, 2022.

All the 34 varieties of Indian mangoes have been displayed at eight different stores of Al Jazira located at Hamala, Mahooz, Zing, Juffair, Budaiya, Adilya, Seef and Riffa in Bahrain. Besides, mangoes as a whole, several mango preparations like mango cake prepared in Al Jazira bakery, juices, different varieties of mango shakes, etc. have also been showcased at the festival.

The mango show in Bahrain is part of APEDA’s new initiatives to explore international markets for Indian mangoes under the ‘Mango Festival 2022’. It’s the outcome of APEDA’s commitment to provide a global platform for Indian mangoes that for the first time 34 varieties of mangoes from eastern states have been showcased in Bahrain.

The mango show in Bahrain is part

Trade

The government also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port

The government of India has announced some relaxation to its order dated May 13, 2022, issued by Directorate General of Foreign Trade (DGFT), Department of Commerce on restricting wheat exports. It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or prior to May 13, 2022, such consignments would be allowed to be exported.

The government also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port. This followed a request by the Egyptian government to permit the wheat cargo being loaded at the Kandla port. M/s Mera International India, the company engaged for export of the wheat to Egypt, had also given a representation for completion of loading of 61,500 MT of wheat of which 44,340 MT of wheat had already been loaded and only 17,160 MT was left to be loaded. The government decided to permit the full consignment of 61,500 MT and allowed it to sail from Kandla to Egypt.

According to this order, this restriction would not apply in cases where prior commitments have been made by private trade through Letter of Credit as well as in situations where permission is granted by the Government of India to other countries to meet their food security needs and on the requests of their governments.

The government also allowed a wheat consignment

Trade

The five day show saw massive footfalls of more than 50000 B2B visitors making this one of the largest trade shows of the country

High-quality agricultural, food, and beverage products from Indian and international players were on display at the recent iteration of the AAHAR Food and Hospitality trade show. Forum of Indian Food Importers (FIFI), as one of the co-associates of the Government of India’s Trade Promotion Organisation (ITPO), marked attendance like never before.

FIFI International pavilion itself had participation from over 100 businesses, representing over 1750 brands from more than 100 countries topped with 6 country pavilions. The five day show saw massive footfalls of more than 50000 B2B visitors making this one of the largest trade shows of the country.

Amit Lohani, Founder Director, FIFI said, “We are thrilled to see that the sector has re-engineered itself and we are proud to be a part of this fraternity. This segment stood tall during the global pandemic and is now emerging as a market leader for others to learn from. We also appreciate the support we have received from the senior administration of the Food Safety and Standards Authority of India (FSSAI) and applaud participation from international community members. This says India is shining and that we are here to grow with the India story.”

The five-day event saw attendance from various luminaries. FIFI pavilion was inaugurated by the CEO of FSSAI Arun Singhal, who was accompanied by his colleagues Inoshi Sharma, Executive Director, and Director Imports Dr Amit Sharma.

The five day show saw massive footfalls