India’s exports of agricultural and processed food products, after slowing down in the first three quarters of the current fiscal due to restriction on rice exports, have recovered, aided by a sharp spike in shipments of meat and daily products, and fruits & vegetables.
Exports of these items under the Agricultural and Processed Food Products Export Development Authority (APEDA) basket were just above the previous year level at $ 21.6 billion during the April-February period of the current fiscal year.
According to quick estimate by the Directorate General of Commercial Intelligence and Statistics, rice exports in the first eleven months of 2023-24 dropped 7% to $9.32 billion on year because of the ban on white and broken rice exports, shipment duties on parboiled rice and the ban on wheat exports imposed in May last year.