India’s maize exports up 22% YoY, hit all-time high of $816.31 mn in FY22

The export of maize has touched USD 816.31 million in first ten months of the current fiscal 2021-22 (April-January), already exceeding the USD 634.85 million achieved during the last financial year

Topics


Maize | Exports


ANI 


The export of maize has touched USD 816.31 million in the first ten months of the current fiscal 2021-22 (April-January), already exceeding the USD 634.85 million achieved during the last financial year, Union Ministry of Commerce and Industry informed on Sunday.

“From an exports realization of USD 142.8 million in 2019-20, the export of maize increased nearly six-fold, taking the total value of shipment to USD 1593.73 million in the last three years despite logistical challenges posed by the COVID-19 pandemic outbreak,” the Ministry said in a press release.

Neighbouring countries like Bangladesh and Nepal are the major importers of maize from India.

As per the Ministry, Bangladesh has imported maize worth USD 345.5 million in the current fiscal (April-January), while Nepal has imported maize worth USD 132.16 million during this period.

“Vietnam has emerged as a major destination for the export of maize. India exported maize worth USD 244.24 million to Vietnam in the first ten months of the current fiscal (April-January 2021-22). Other prominent importing countries are Malaysia, Myanmar, Sri Lanka, Bhutan, Taiwan, Oman, etc,” the release read.

Maize, which is globally known as the queen of cereals, has emerged as one of the significant foreign exchange-earners under the commodities covered under the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit.

“The significant rise in agri-exports is seen as a testimony of the government’s commitment to increase farmers’ income through creating requisite infrastructure and improving value chains on boosting exports of agricultural and processed food products,” Dr M Angamuthu, Chairman, APEDA said.

Maize is the third most important cereal crop in India after rice and wheat. The cereal crop is primarily cultivated in the states of Karnataka, Madhya Pradesh, Kerala, Bihar, Tamil Nadu, Telangana, Maharashtra and Andhra Pradesh.

Having the highest genetic yield potential among the cereals, maize is one of the most versatile emerging crops having wider adaptability under varied agro-climatic conditions.

In India, maize is grown throughout the year and it is predominantly a Kharif crop with 85 per cent of the area under cultivation in the season.

In addition to staple food for human beings and quality feed for animals, maize serves as a basic raw material/ingredient to many industrial products that include starch, oil, protein, alcoholic beverages, food sweeteners, pharmaceutical, cosmetic, film, textile, gum, package and paper industries etc.

“The rise in export of agricultural and processed food products has been largely due to the various initiatives taken by APEDA such as organizing B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by the active involvement of Indian Embassies,” the Ministry said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor