APEDA to study millets value chain for exports as offtake revives across the globe

apeda to study millets value chain for exports as offtake revives across the globe

Sumary of APEDA to study millets value chain for exports as offtake revives across the globe:

  • To give impetus to export of such products, including millets, and removing the bottlenecks in their supply chains..
  • Growth prospects APEDA has come up with various measures to promote exports and farming of millets as it sees increased interest in reviving their consumption..
  • One of the major reasons that APEDA has identified in promoting millets’ export is that the global market size is expected to expand 33 per cent to $12 billion (₹ 87,571 crore) by 2025 from $9 billion (₹65,678 crore), he said..
  • This has resulted in India exporting nearly 80,000 tonnes of millets during the April-February period of last fiscal valued at nearly $25 million (₹183.68 crore) compared with 71,200 tonnes worth $27.2 million (₹191.19 crore)..
  • US far ahead In the global export market, India ranks second with the US far ahead in terms of value realisation, according to official data..
  • Between 2017 and 2019, US millets’ export value more than doubled to $58.67 million from $25.84 million, while Indian shipments value increased from $22.67 million to $28.49 million….

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