Food exports & Agri products through APEDA may exceed US$23.7 billion in FY22

India’s agricultural and food exports are set to exceed the US$23 billion target in FY22 due to increase in shipments of rice, wheat, fresh and processed fruits & vegetables, and livestock.

March 28, 2022

Rice exports surpassed US$8.67 billion in the initial 11 months of FY22.

India’s rice exports for the current financial year is bigger than that of Thailand, Vietnam and Pakistan combined.

During April-January FY22, exports of meat, dairy and poultry products increased by 13% to US$3.4 billion compared to a year ago.

India exports rice to more than 90 countries.

India’s agricultural and food exports are set to cross  the US$23 billion target in FY22 due to an increase in shipments of rice, wheat, fresh and processed fruits & vegetables, and livestock products. 

Exports of agricultural commodities have increased under the Agricultural and Processed Food Products Export Development Authority (Apeda) basket and have crossed US$21.45 billion from April-February in FY22. During FY21, agricultural and processed commodities were valued at US$ 20.39 billion. 

Rice exports surpassed US$8.67 billion in the initial 11 months of FY22. With India being the largest exporter of rice in the last decade, the total sales stood at US$8.7 billion in FY21 and is expected to cross US$9 billion in the current FY22. India exports rice to more than 90 countries. 

India is likely to continue holding a large share of the global rice trade during the current fiscal, with an estimated shipment of about 21 million tonnes, which indicates an increase of 24% as compared to the previous financial year. India’s rice exports for the current financial year is bigger than that of Thailand, Vietnam and Pakistan combined. During April-January FY22, exports of meat, dairy and poultry products increased by 13% to US$3.4 billion compared to a year ago. In the first 10 months of FY22, fresh fruits and vegetables rose by 16% to US$1.2 billion, while the processed fruits and vegetables shipment rose by around 11% to US$1.2 billion compared to the same period in FY21.