May 23, 2024

Justice for Gemmel

Stellar business, nonpareil

Rice, wheat lead 23% increase in agri exports in H1

Strong desire for Indian foodgrains has pushed up the agriculture produce exports by 23 per cent all through the 1st fifty percent of the recent fiscal to $eleven.04 billion from $8.nine billion in the similar period a year ago.

Non-basmati rice ongoing to best the export chart with shipments registering a fifty per cent enhance in benefit at $two.95 billion against $one.96 billion in the year-ago period. Volumes of non-basmati rice were being up sixty per cent at 8.19 million tonnes (mt) against 5.eleven mt, in accordance to the provisional data from Agricultural and Processed Meals Products Export Advancement Authority (APEDA).

Even so, Basmati rice shipments declined 22 per cent to $one.66 billion from $two.12 billion all through the period on account of reduce volumes. Basmati volumes were being down at one.nine mt as against two.38 mt. The decrease in Basmati shipments was largely because of to the absence of Iran in the market place all through a considerable section of the 1st fifty percent. With Iran resuming shipments now, exports of Basmati are probable to get tempo in the days ahead.

Wheat shipments surged 5-folds all through the 1st fifty percent in benefit conditions at $622 million in comparison with $109 million. The quantity saw a considerable enhance at two.three mt all through the against 4.04 lakh tonnes in the year-ago period.

Other cereals

Exports of other cereals, which include maize, registered a 115 per cent enhance at $460 million ($213 million). Volumes were being up at one.76 mt against nine.92 lakh tonnes.

Floriculture and seeds exports registered 8.6 per cent expansion in benefit at $115 m ($106 m). Equally, the fresh new fruits and vegetable shipments were being up nine per cent at $730 million ($671 million). Exports of processed fruits and veggies were being up 5 per cent at $726 million ($691 million).

Livestock products

The over-all livestock produce exports were being up 21 per cent in benefit at $one.nine billion ($one.57 billion) all through the 1st fifty percent of the fiscal. Buffalo meat shipments saw an enhance of seventeen per cent at $one.fifty nine billion against $one.36 billion. In quantity conditions, the shipments were being up 15 per cent at 5.37 lakh tonnes.

Exports of dairy products grew 58 per cent at $216 million all through the 1st fifty percent against $137 million.

The benefit of other processed foodstuff which include groundnut and guargum between others were being up 24 per cent at $one.64 billion ($one.32 billion). Cashew kernel shipments grew 32 per cent all through the period at $222 million against $169 million in the similar period past year.