India's agricultural and processed food exports saw a huge jump of 121% during first two quarters of the current fiscal to R63,000 crore in comparison to Rs 28,500 crore during same period last year. The jump is mainly attributed to the surge in shipment of Guargum (488%) and non-Basmati rice (993%) in the first half of 2012-13, Daily Shipping Times reports.
According to the latest data released by the Agricultural and Processed Food Products Export Development Authority (APEDA), Guargum exports stood at Rs 21,536 crore, which is around 45% of the total agricultural exports.
If the growth in export trend continues, we will cross the R1-lakh crore export mark by the end of the current fiscal,” Asit Tripathy, Chairman, APEDA.
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