India Agri Exports Hit $7.64B in Q1 FY25, Up 14%

India’s agricultural exports registered a significant 14% increase, reaching $7.64 billion during the April-June quarter, according to data from the Agricultural and Processed Food Products Export Development Authority (APEDA).

This robust growth was primarily driven by strong performances in buffalo meat and non-basmati rice shipments, although other key segments experienced declines.

Key Export Figures

• Total Agri Exports: $7.64 billion
• Quarterly Growth: 14%
• Reporting Period: April-June quarter
• Source: Agricultural and Processed Food Products Export Development Authority (APEDA)

Buffalo meat exports saw a substantial boost, with its value rising by 66% to $1.49 billion. Concurrently, volumes for buffalo meat increased by 32%.

Non-basmati rice exports also contributed significantly, growing 12% in value to $1.59 billion, alongside a 32% increase in shipment volumes.

Mixed Performance Across Segments

Despite the overall growth, not all agricultural categories performed positively. Basmati rice exports, for instance, recorded a 3% decline in value, settling at $1.44 billion, accompanied by a drop in volumes.

• Basmati Rice Value: Down 3% to $1.44 billion
• Other Declining Categories: Fresh fruits, dairy products, groundnuts, and poultry

These downturns were attributed to a combination of volatile global demand, shifts in international trade policies, and domestic supply constraints, highlighting the sector’s inherent sensitivities.

Government policy shifts, such as export duties or quotas, are noted as critical factors that could impact future performance, particularly for high-growth commodities like non-basmati rice and buffalo meat.

Investors are advised to closely monitor upcoming trade data and the recovery trajectory of processed food items to accurately assess the sector’s future direction.