: Exports of organic food products rise by more than 50% in 202021 #FinanceIndia #StockMarketNEWS Exports of organic food products rise by more than 50% in 2020-21 New Delhi, April 28 (KNN) Despite
@stockMarketNEWS Wed 28 Apr, 2021
Exports of organic food products rise by more than 50% in 202021 #FinanceIndia #StockMarketNEWS
Exports of organic food products rise by more than 50% in 2020-21 New Delhi, April 28 (KNN) Despite of COVID-19 challenges, India’s Organic food products exports rose by more than 50 percent in terms of value in 2020-21.
India’s export of organic food products rose by 51% in terms of value (USD Million), to USD 1040 million (Rs 7078 crores) during financial year 2020-21 compared to the previous fiscal (2019-20), according to an official statement.
In terms of quantity, the exports of organic food products grew by 39% to 888,179 metric tonne (MT) during FY 2020-21 compared to 638,998 MT shipped in 2019-20. The growth in organic products has been achieved despite logistical and operational challenges posed by the COVID19 pandemic.
Oil cake meal has been a major commodity of the organic product exports from the country followed by oil seeds, fruit pulps and purees, cereals & millets, spices & condiments, tea, medicinal plant products, dry fruits, sugar, pulses, coffee, essential Oil etc.
India’s organic products have been exported to 58 countries including USA, European Union, Canada, Great Britain, Australia, Switzerland, Israel, South Korea.
Dr M Angamuthu, Chairman, APEDA, stated that Indian organic products, nutraceuticals and health food are gaining more demand in overseas market.
Organic products are currently exported from India only if they are produced, processed, packed and labelled as per the requirements of the National Programme for Organic Production (NPOP). The NPOP has been implemented by APEDA since its inception in 2001 as notified under the Foreign Trade (Development and Regulations) Act, 1992.
The NPOP certification has been recognised by the European Union and Switzerland which enables India to export unprocessed plant products to these countries without the requirement of additional certification. The equivalency with EU also facilitates the export of Indian organic products to the United Kingdom even in the post-Brexit phase.
In order to facilitate the trade between major importing countries, negotiations are underway with Taiwan, Korea, Japan, Australia, UAE, New Zealand for achieving Mutual Recognition Agreements for exports of Organic products from India.
NPOP has also been recognized by the Food Safety Standard Authority of India (FSSAI) for the trade of organic products in the domestic market. Organic products covered under the bilateral agreement with NPOP need not to be recertified for import in India.