According to the Directorate General of Commercial Intelligence and Statistics,shipments of agricultural items and processed foods, which had remained resilient last fiscal even amid a slowdown in the country’s overall merchandise exports, by 14.7% on year to _______ in the first quarter of the current fiscal.

Solution

According to the Directorate General of Commercial Intelligence and Statistics,shipments of agricultural items and processed foods, which had remained resilient last fiscal even amid a slowdown in the country’s overall merchandise exports, by 14.7% on year to $ 6.23 billion in the first quarter of the current fiscal.   Cereals exports in April-June (2023-24) dropped sharply by 25% to $ 3.07 billion on year because of the ban on wheat exports imposed in May last year.   In the first quarter of FY23, wheat exports were valued at $ 1.07 billion. While Basmati rice exports grew by 12.17% in first quarter of FY24 to $ 1.2 billion, non-basmati rice shipment declined marginally by 2.7% to $ 1.53 billion.   The exports of products under the APEDA basket grew by 9% to $26.3 billion in 2022-23 as compared to FY22.