Despite logical challenges, India's agriculture exports spurt by 20% to US $50 billion in FY22
Exports of rice were the top forex earner at USD 9.65 billion among agri commodities during 2021-22, growing by 9.35 per cent from the previous year, it said in a statement.
India's agricultural exports rose by about 20 per cent to USD 50.21 billion during 2021-22 despite logistical challenges posed by the COVID-19 pandemic, the Commerce and Industry Ministry said on Saturday.
Exports of rice were the top forex earner at USD 9.65 billion among agri commodities during 2021-22, growing by 9.35 per cent from the previous year, it said in a statement.
See Zee Business Live TV Streaming Below:
Wheat exports jumped to USD 2.2 billion in 2021-22 against USD 567 million in the previous fiscal.
Shipments of dairy products grew by over 96 per cent to USD 634 million in 2021-22 from USD 323 million in 2020-21, while exports of bovine meat increased from USD 3.17 billion in 2020-21 to USD 3.30 billion in 2021-22.
Export of poultry products rose to USD 71 million in 2021-22 from USD 58 million in the previous year and sheep/goat meat exports were up by 34 per cent at USD 60 million in 2021-22.
Major export destinations include Bangladesh, the UAE, Vietnam, the US, Nepal, Malaysia, Saudi Arabia, Indonesia, Iran, and Egypt.
The rise in export of agricultural and processed food products has been largely due to the various initiatives taken by the Centre through APEDA such as organizing B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by the active involvement of Indian Embassies, it added.
We have also created a product matrix for 50 agricultural products which have good scope for expanding our exports portfolios, said M Angamuthu, Chairman, APEDA.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
09:52 AM IST