India's exports of farm and processed
food products registered near 6% growth in dollar terms to $4.68 billion during
the April-June quarter over the corresponding period last year.
In rupee terms, the growth was higher, at around
10%, touching Rs 31,397 crore as against Rs 28,564 crore in the corresponding
quarter last year, according to the latest numbers from the Agricultural and
Processed Foods Export Development Authority (Apeda).
The higher growth in rupee terms could be
attributed to the weakening of the currency, which fell by around 5.45% against
the dollar during the quarter.
The export growth has come about mainly on
account of strong demand for non-basmati rice, pulses, dairy products, guar
gum, fruit and vegetable seeds, among others. Key products such as basmati rice
and buffalo meat registered flat to negative growth in dollar terms on a dip in
Basmati exports dropped in volumes to 1.16
million tonnes as against 1.25 million tonnes in the same period last year. A
weak currency in Iran - the largest buyer - impacted the earnings.
Non-basmati rice shipments sustained their
growth with exports touching 1.97 million tonnes (1.75 mt). Groundnut exports
surged to 1.26 lakh tonnes (90,103 tonnes) on good demand from South-East Asian
countries such as Indonesia, Philippines, Vietnam and Malaysia.
Exports of pulses have picked up, with volumes
exceeding over one lakh tonnes during the quarter, enjoying robust demand from
countries such as Turkey, Algeria and UAE. Similarly, volumes in dairy products
increased to 35,720 tonnes (23,703 tonnes).
The US was the largest buyer of Indian dairy
products, followed by Egypt and UAE.