Insta
Farm In Form: Agri Exports From India Cross $9 Billion; An 8.9 Per Cent Rise From Last Year’s Rs 56,741 Crore
Representative image. (Priyanka Parashar/Mint via Getty Images)
According to data released by APEDA (Agricultural and Processed Food Products Export Development Authority), farm exports from India surpassed the $9 billion mark for the April-September period, reports The Hindu BusinessLine.
APEDA is the apex agency in India tasked with promoting agricultural and food exports to overseas markets.
Despite lower volumes, total sales figures exceeded those of last years’, on account of realisation of higher prices in commodities like rice and buffalo meat. Also, due to the lower value of the rupee, export gains were visible since APEDA earned Rs 61,789 crore this year, an 8.9 per cent increase over last year’s Rs 56,741 crore.
Many agro-commodities displayed different trends. Though the volumes declined in Basmati rice exports, they were sold at higher prices. The reverse is true for pulses, fresh vegetables and dairy products.
Increased farm exports will form a significant part of the NDA government's ambitious target of doubling farmers’ incomes by 2022. It is not only important to produce more, but also to process and package food efficiently. In light of this, the government has announced the ‘Mega Food Park’ scheme. Under this, 42 food parks will be operationalised across the country that will ‘ link agricultural production to the market by bringing together farmers, processors and retailers to ensure maximising value addition.’
Also Read:
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
