The export of
agricultural items monitored by APEDA, the government-run export
promotion body for farm products, rose by 88 per cent to about Rs 82,000
crore in the last fiscal, a top official said.
The
growth was achieved on the back of increased export of processed foods,
basmati, non-basmati rice, guar (gum and seed), buffalo meat and
groundnut.
India's
agri exports under Agricultural and Processed Food Products Export
Development Authority (APEDA) stood at Rs 43,626.88 crore in the 2010-11
financial year.
"Our
farm export earnings have jumped to around Rs 82,000 crore in 2011-12
fiscal helped by rise in exports of processed food, basmati and
non-basmati rice, guar, buffalo meat and ground nut," APEDA Chairman
Asit Tripathy told agency.
Shipments of processed food from the country are increasing, which is a good sign.
Also
the country reaped huge benefits from the global spurt in demand for
guar seed and gum due to rise in shale gas explorations in the US, he
added.
"With
the opening of export of non-basmati rice last year, we have made good
progress in its shipments. There was good demand for groundnuts and
buffalo meat, of which India is a major exporter, in the overseas
markets," Tripathy said.
The
export earnings from processed food, which includes processed fruits
and vegetables, meat and poultry products, etc., rose to Rs 38,950 crore
in the 2011-12 fiscal from around Rs 15,816 crore in the year-ago
period.
Similarly,
earnings from shipment of buffalo meat rose to around Rs 14,000 crore
in 2011-12 compared to Rs 8,412.68 crore in 2010-11 fiscal.
Likewise,
guar gum and seed exports fetched the country a whopping Rs 12,000
crore against just Rs 2,811.94 crore in the reviewed period.
The
earnings from shipment for the premium aromatic rice variety, basmati,
rose to around Rs 13,000 crore in 2011-12 from Rs 10,578.68 crore in
2010-11, while non-basmati rice export rose to Rs 11,000 crore from Rs
222.21 crore in the same period.
Groundnut export earnings rose to about Rs 12,000 crore from Rs 2,094.06 crore in the period under review.
The
prospect of rise in export earnings of farm products is favourable,
Tripathy said adding that: "We expect India's agri-export earnings to
raise by 15-20 per cent this fiscal."
APEDA
monitors exports of over 14 farm product categories that include
floriculture, fruits and vegetables, meat and meat products, processed
foods, cereals, cereal products, herbal and medicinal plants, guar gum
and so on.
India exports around 1.4 per cent of the total global shipments of farm items and imports about 1.2 per cent.
It exports farm products to Europe, the US and import items from Canada, Brazil, Argentina, Indonesia, Malaysia, etc.
The top farm trade players globally are European Union, the US, Brazil, Canada and China.
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