Basmati rice exports increase by 26% in Q1 to $1.15 bn: Commerce Ministry

Basmati rice exports increased by 25.54% to US$ 1.15 billion in April-June 2022-23, according to the commerce ministry on Saturday. In the previous year, exports totalled US$ 922 million. Non-basmati rice exports increased by 5% to US$ 1.56 billion in the June quarter, according to the report. In the third quarter, agricultural and processed food exports increased by 31% to US$ 7.4 billion. The Agricultural and Processed Food Products Export Development Authority (APEDA) has set an export target of US$ 23.56 billion for the agricultural and processed food products basket for fiscal year 2022-23. Fresh fruits and vegetables, as well as cereals, were among the products that experienced growth during the period under review.

According to Dr. Madhaiyaan Angamuthu, Chairman of APEDA, "we aim to sustain the growth in India's agricultural and processed food exports in the current fiscal as well" by creating a necessary export ecosystem and collaborating with key stakeholders in the agri-exports value chains.

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