Indian agri exports decline 10% in April-November on account of drop in cereal shipments

India’s exports of agri-products monitored by APEDA fell by a tenth throughout the April-November interval of the present monetary 12 months, primarily on account of a decline in cereals shipments, excluding basmati rice.

Agri exports for the April-November 2023-24 interval stood at $15.729 billion, a decline of 9.73 per cent over the identical interval final 12 months’s $17.425, as per the most recent provisional information launched by APEDA.

Basmati rice shipments registered a 17.58 per cent progress at $3.7 billion over the identical interval final 12 months’s $2.87 billion on increased purchases by patrons reminiscent of Saudi Arabia and Iraq, amongst others. In quantity phrases, basmati rice exports had been up 9.6 per cent at over 29.94 lakh tonnes over identical interval final 12 months’s 27.32 lakh tonnes.

Nonetheless, the non-basmati rice shipments fell by a fourth on account of the export restrictions imposed by the federal government in July final 12 months to enhance home availability and comprise worth will increase.

Non-basmati rice exports stood at $3.07 billion from April to November, up from final 12 months’s $4.10 billion. In quantity phrases, the non-basmati shipments had been down 33 per cent at 76.92 lakh tonnes over identical interval final 12 months’s 115.7 lakh tonnes.

Wheat exports had been down 98 per cent at $29 million over final 12 months’s $1.50 billion. Different cerealsexports had been down 38 per cent at $429 million over identical interval final 12 months’s $699 million.

Nonetheless, exports of livestock merchandise, led by buffalo meat and poultry merchandise, had been up 6.31 per cent throughout the interval at $2.88 billion over the identical interval final 12 months’s $2.70 billion. Buffalo meat exports had been up 13 per cent at $2.40 billion (2.17 billion in April-November of FY 2022-23), whereas poultry product shipments registered a rise of about 39 per cent at $113 million ($82 million).

The shipments of dairy merchandise, nevertheless, registered a decline of 32.86 per cent at $283 million ($421 million).

Contemporary fruit and veggies registered a rise of 20 per cent at $1.19 billion ($991 million), whereas shipments of processed fruit and veggies additionally noticed a progress of 8 per cent at $1.41 billion($1.31 billion).

Different processed meals, together with groundnuts, guargum, alcoholic drinks and milled merchandise, registered a progress of three.9 per cent at $2.96 billion ($2.85 billion). Guargum shipments declined 20 per cent at $352 million ($443 million), whereas groundnuts registered a rise of 9 per cent at $504 million ($461 million).

Equally, floriculture exports registered a progress of two.41 per cent at $154 million ($150 million). The exports of cashew kernels throughout the interval had been flat at $213 million.