Agricultural exports rise by a record $50.2 billion

India’s agricultural exports grew by almost 20% in the fiscal year 2021-22 to reach $50.21 billion, provisional figures released by the Center revealed.

The growth rate is higher than the 17.66% growth to $41.87 billion achieved in 2020-21. This comes despite unprecedented logistical challenges in the form of high freight rates, container shortages experienced during Covid-19 and the Russian-Ukrainian war.

Wheat exports hit a record high of $2.18 billion in 2021-22, up 273% from 2020-21 when they hit $567 million, while other grains recorded an increase. 53% growth reaching $1.08 billion in 2021-22 as compared to the previous fiscal year when it reached $705 million.

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Exports of pulses recorded a growth of 34%, reaching $358 million in 2021-22, compared to $265 million in 2020-21.

Dairy products increased by more than 96%, from $323 million in 2020-21 to $634 million in 2021-22. Exports of poultry products increased from $58 million the previous year to $71 million in 2021-2022.

Supported by a strong increase in exports of agricultural products despite logistical problems following the pandemic and the Russian-Ukrainian war, the Center has created a product matrix for 50 agricultural products, which have good possibilities to expand the India’s export portfolios.

The Center has also organized more than 300 outreach programs in collaboration with state governments to improve exports of agricultural products.

The Center has also taken several initiatives to promote Geographical Indications (GIs) registered with agricultural and processed food products in India by organizing virtual “buyer-seller meetings” on agricultural and food products with major importing countries across the world. .

Under the PM Gati Shakti National Master Plan, the Agricultural and Processed Food Export Development Authority (APEDA) is working with various ministries including railways and roads to improve connectivity through faster transport fast agricultural products because they are perishable in nature. it requires immediate and rapid delivery to destination from production points.

The government is focusing on increasing exports from Purvanchal (Eastern Uttar Pradesh), Himalayan, North Eastern, Jammu and Kashmir and Ladakh regions.

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