Export of agricultural items has risen to about Rs 82,000 crore in the last fiscal, a jump by 88% as compared to Rs 43,626.88 crore of agri exports in the 2010-11 financial year, as per data by Agricultural and Processed Food Products Export Development Authority (APEDA). The increased export of processed foods, basmati, non-basmati rice, guar (gum and seed), buffalo meat and groundnut have contributed to this growth.
The country is also witnessing an increasing shipment of processed food which is an encouraging sign. In US there is a rise in shale gas explorations which has led to the global spurt in demand for guar seed and gum, giving huge benefit to the country. There was also good shipment of non-basmati rice whose export had been opened last year. Moreover, in the overseas markets there was good demand for groundnuts and buffalo meat, of which India is a major exporter.
The export earnings in the 2011-12 fiscal for processed food, which includes processed fruits and vegetables, meat and poultry products, etc rose to Rs 38,950 crore from around Rs 15,816 crore in the year-ago period. Similarly, compared to Rs 8,412.68 crore in 2010-11 fiscal, earnings from shipment of buffalo meat rose to around Rs 14,000 crore in 2011-12. 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.
Meanwhile, 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 as compared to Rs 222.21 crore in the same period. On the other hand, groundnut export earnings rose to about Rs 12,000 crore from Rs 2,094.06 crore in the period under review.
Of the total global shipments of farm items, India exports around 1.4% of it while imports about 1.2%. It exports farm products to Europe, the US and import items from Canada, Brazil, Argentina, Indonesia, Malaysia, etc. The government-run export promotion body for farm products, 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.
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