The export of maize has touched USD 816.31 million in the primary ten months of the present fiscal 2021-22 (April-January), already exceeding the USD 634.85 million achieved over the last monetary yr, Union Ministry of Commerce and Industry knowledgeable on Sunday.
“From an exports realization of USD 142.8 million in 2019-20, the export of maize elevated practically six-fold, taking the overall worth of cargo to USD 1593.73 million in the final three years regardless of logistical challenges posed by the COVID-19 pandemic outbreak,” the Ministry mentioned in a press launch.
Neighbouring nations like Bangladesh and Nepal are the main importers of maize from India.
As per the Ministry, Bangladesh has imported maize price USD 345.5 million in the present fiscal (April-January), whereas Nepal has imported maize price USD 132.16 million throughout this era.
“Vietnam has emerged as a significant vacation spot for the export of maize. India exported maize price USD 244.24 million to Vietnam in the primary ten months of the present fiscal (April-January 2021-22). Other distinguished importing nations are Malaysia, Myanmar, Sri Lanka, Bhutan, Taiwan, Oman, and so on,” the discharge learn.
Maize, which is globally generally known as the queen of cereals, has emerged as one of the numerous overseas exchange-earners below the commodities coated below the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit.
“The vital rise in agri-exports is seen as a sworn statement of the federal government’s dedication to extend farmers’ earnings by creating requisite infrastructure and bettering worth chains on boosting exports of agricultural and processed meals merchandise,” Dr M Angamuthu, Chairman, APEDA mentioned.
Maize is the third most essential 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 best genetic yield potential among the many cereals, maize is one of probably the most versatile rising crops having wider adaptability below diverse agro-climatic circumstances.
In India, maize is grown all year long and it’s predominantly a Kharif crop with 85 per cent of the world below cultivation in the season.
In addition to staple meals for human beings and high quality feed for animals, maize serves as a primary uncooked materials/ingredient to many industrial merchandise that embrace starch, oil, protein, alcoholic drinks, meals sweeteners, pharmaceutical, beauty, movie, textile, gum, bundle and paper industries and so on.
“The rise in export of agricultural and processed meals merchandise has been largely because of the numerous initiatives taken by APEDA corresponding to organizing B2B exhibitions in completely different nations, exploring new potential markets by product-specific and basic advertising and marketing campaigns by the lively involvement of Indian Embassies,” the Ministry mentioned.
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