India signs cooperation agreement with World Food Programme for 2023-27
Fruits & vegetables, cereals, livestock, and processed foods witness a spike in exports this fiscal
Exports of agricultural and processed food products rose by 25 percent within six months of the current Financial Year 2022-23 (April-September) in comparison to the corresponding period of FY 2021-22.
The overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13.771 billion in April-September 2022 from $11.056 billion 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 percent 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 an export of $13.77 billion has already been achieved in these six months of the current fiscal.
As per the Directorate General of Commercial Intelligence and Statistics (DGCI&S) provisional data, processed fruits and vegetables recorded a significant growth of 42.42 percent (April-September 2022), while fresh fruits registered 4 percent 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 percent compared to the first six months of the previous year.
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