India’s Agri exports increase by 18% in the 1st half of current Financial Year
Basmati and Non-basmati rice export, recorded 12.3% growth to $4.59 Bn in Apr-Sep 2021.
India’s exports for 37 main agriculture and processed goods, endorsed by the Agricultural and Processed Food Products Export Development Authority (APEDA), increased by 18% to $10 Bn throughout the first half of the current fiscal. The overall export of APEDA commodities was $8.51 Bn in April-September 2020. Export of all rice variants, both basmati and non-basmati, recorded a 12.3% increase to $4.59 billion in April-September 2021. A 110% increase in other cereals like maize and wheat at $448 Mn for the period of H1 FY22. M Angamuthu, chairman of APEDA said that the significant increase in Agri-exports is seen as evidence of the government’s dedication to increasing farmers’ income through giving thrust on boosting exports of agricultural and processed food products of the country.
According to the statistics from the food ministry Bangladesh imported 550,000 MTS of rice from July to September 2021, primarily imported from India. Bangladesh used to be the 3rd highest rice-producing country turned to a rice importing country after extensive flooding destroyed rice crops last 2020.
In Thailand, 5 percent broken rice export prices remained unchanged from last week at $385-$420 per MTS, with rice exporters stating that vessels remained insufficient. One rice exporter said that rice importers will purchase only from hand to mouth, only as needed without stockpiling.
Vietnam is anticipated to achieve its rice export goal of 6.3 Mn MTS value at $3.2 Bn this year because of high international demand and an increase in rice export prices. Data from the General Department of Vietnam Customs revealed that the country exported 593,600 MTS of rice in September 2021, worth over $293.1 Mn, increasing by 19 percent in volume and 20.5 percent in value compared to last year’s records. Vietnam shipped internationally 4.57 Mn MTS of rice value over $2.41 Bn during the nine-month period, a decrease of 8.3 percent in volume and 1.2 percent in value year-on-year (Y-O-Y).
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