Processed food products exports surge

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Notwithstanding the challenges of the Covid-19 pandemic, Indias export of processed food products witnessed a growth of 26.51% in rupee terms during April-February 2020-21, compared to the same period during 2019-20, as per an official communiqu.

The total value of export of processed products was Rs 43,798 crore during April-February 2021 as per quick estimates.

The major processed food products exported include pulses, processed vegetables, processed fruits and juices, groundnut, guar gum, cereal preparations, milled products, alcoholic beverages and oil meals.

Value-added products such as processed vegetables, alcoholic beverages and milled products witnessed robust growth of more than 40% in last April-Feb. compared to the same period of the previous fiscal.

Export of miscellaneous processed items including Indian snacks, sauces, starch products, vegetable flours, malt products etc. and pulses grew by 36% and 33%, respectively, in the first 11 months. Considerable export growth was achieved for cereals-based products (18%), processed fruits and juices (12%) and groundnut (7%). The export of oil meals rose by 96%.

Despite the pandemic disrupting trade around the world, the overall growth of 26.51% achieved in the export of processed food products was due to the concerted efforts and initiatives taken to facilitate export from India, the release stressed.

According to Dr M. Angamuthu, Chairman, APEDA, processed food products export is likely to see continued increase in the current financial year 2021-22, especially driven by demand for pulses, processed fruits and vegetables, milled products, cereal preparations and other processed items particularly from the Middle East, the Far East, the US and UK markets, the release added.