Processed food exports witness 36.4% growth during first quarter

Of total $23.56 billion export target for 2022-23, 25.4% achieved in first three months

Continuing with the trend from the previous year, the exports of agricultural and processed food products rose by 14 percent in the first three months of the current Financial Year 2022-23 (April-June) compared to the corresponding period of FY 2021-22.

For the year 2022-23, the government had set an export target of $23.56 billion for the agricultural and processed food products basket under Agricultural and Processed Food Products Export Development Authority (APEDA). The initiatives taken by the Ministry of Commerce & Industry have helped the country in achieving 25 percent of the total annual export target in the first three months of the current fiscal.

The exports of fresh fruits & vegetables registered 8.6 percent growth, while processed food products like cereals and miscellaneous processed items reported an impressive growth of 36.4 percent (April-June 2022-23) compared to corresponding months of the previous year.

In April-June, 2021, fresh fruits and vegetables were exported to the tune of $642 million that increased to $697 million in the corresponding months of the current fiscal. Other cereals’ export increased from $237 million in April-June 2021 to $306 million in April-June 2022 and the export of meat, dairy and poultry products increased from $1.023 billion in April-June 2021 to $1.120 billion in April-June 2022.

image credit- shutterstock

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