APEDA: Agricultural & Processed Food Products Exports Increases 30% to $9.6 bn in April-July

According to an official statement issued on Monday, the India's agricultural and processed food product exports increased by 30% to USD 9.6 billion between April and July of this fiscal year. The agriculture and processed food products basket has a USD 23.56 billion export target for 2022-23, according to the commerce ministry.

According to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S), exports of fruits and vegetables increased by 4% during the period. Basmati rice exports increased by 29.13 percent in the first four months of 2022-23, rising from USD 1.21 billion in April-July 2021 to USD 1.56 billion in April-July 2022.

Non-Basmati rice exports increased by 9.24 percent to USD 2.08 billion during the review period. Similarly, dairy product exports increased by 61.91 percent to USD 247 million in the first four months of the current fiscal year.

About APEDA:

APEDA is the Agricultural and Processed Food Products Export Development Authority which was initiated by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act.

The Act was passed by the Parliament of India in December 1985. From 13th January 1986, the act came into effect by a notification which was issued in the Gazette of India. The Authority replaced the Processed Food Export Promotion Council (PFEPC).

In line with the Agricultural and Processed Food Products Export Development Authority Act, 1985 have been appointed to the Authority:

• Improvement in Packing of the Scheduled products;

• Improvement in Marketing of the Scheduled products outside India;

• Developing scheduled products and promoting of export-oriented production;

• Connected with the scheduled products, training in various aspects of the industries;

Collection of statistics from the owner of the factories, or formation engaged in the processing, packaging, production, marketing or export of the scheduled products or from some other people as prescribed on any matter related to the scheduled products and publication of the statistics collected or of any portions thereof or extracts therefrom;