In the first quarter of FY23, India's agricultural and processed food product exports increased by 31%.

Continuing the previous year's pattern, agricultural and processed food exports increased by 31% in the first three months of the current Fiscal Year 2022-23 (April-June) compared to the same time in FY 2021-22.

According to preliminary data issued by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), total APEDA product exports grew to USD 7408 million in April-June 2022, up from USD 5663 million in the previous fiscal quarter. The export target for the period April-June 2022-23 has been set at USD 5890 million.
 
The actions of the Agricultural and Processed Food Products Export Development Authority (APEDA), which reports to the Ministry of Commerce and Industry, have assisted the country in meeting 31% of its total export target in the first quarter of the current fiscal year. APEDA has set an export target of USD 23.56 billion for the agricultural and processed food product basket for 2022-23.
 
According to DGCI&S preliminary data, fresh fruits and vegetables increased by 4%, whereas processed fruits and vegetables increased by 597.1% (April-June 2022) when compared to the same months the previous year.
 
In addition, processed food products such as cereals and various processed items increased by 37.66% compared to the first quarter of the previous year.
 
"We continue to provide technical and financial assistance to various players in the agricultural goods value chains in order to increase exports of unique products from the country," stated Dr. M Angamuthu, Chairman of APEDA.
 
According to DGCI&S figures, the country's agricultural exports increased by 19.92% for 2021-22, reaching USD 50.21 billion. The growth rate is remarkable since it exceeds the 17.66% growth rate of USD 41.87 billion achieved in 2020-21, despite exceptional logistical hurdles in the form of high freight costs and container shortages.
 
PEDA made history by exporting agricultural and processed food items worth USD 25.6 billion in 2021-22, accounting for over 51% of India's total agricultural goods exports of more than USD 50 billion.
 
"We want to sustain the growth in India's agricultural and processed food exports in the current fiscal year by developing a required export ecosystem and collaborating with key players in the agri-exports value chains," Angamuthu added.

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