Sources said that decline in the value of rice exports is attributed to decline in shipment of non-basmati rice due to several restrictions such as ban on white rice shipment and 20% export duty on part-boiled rice exports imposed last year.
However, livestock products – buffalo meat, dairy and poultry, a key item in the APEDA basket rose by close to 13% on year during April-February period of this fiscal, to $ 4.1 billion compared to previous fiscal.
The exports of fresh fruits and vegetables have risen by 15% in the first eleven months of FY24 to $3.22 billion on year.
The shipment of cereals preparations and processed items, rose by 9% to 2.5 billion on year in the current fiscal.
Oil meals shipments in the current fiscal rose by 17% to 1.5 billion in April-February 2023-24 on year.
The rice exports in the last fiscal rose by more than 15% year-on-year to a record $ 11.1 billion from $9.6 billion in FY22. In terms of volume, rice shipment grew by 5% to a record 22.34 million tonne (MT) last fiscal. In the current fiscal, rice shipment is likely to be around 17 MT.
While cashew exports during April-February 2023-24 declined by 4% to 0.31 billion on year.
The exports of products under the APEDA basket grew by 9% to $26.3 billion in 2022-23 compared to FY22, due to a spike in shipment of rice, fruits and vegetables, livestock and dairy products.
The share of exports of products under the APEDA basket is around 51% in the the total shipment of agri-produce.
Rest of the agricultural products exports include marine, tobacco, coffee and tea.
