The sharp fall in guar gum shipment has pulled down the growth in Indias agricultural and processed food exports in the first quarter of 2013-14.
Export of guar gum,used in oil exploration dropped more than 57 per cent,which resulted in a moderate growth in overall agricultural exports during the quarter at around 6 per cent.
Data from the Agricultural and Processed Food Products Exports Development Authority (APEDA) showed that exports of Basmati rice,wheat,fresh vegetables,fruits and meat saw a sharp rise during first quarter. The countrys total agricultural exports stood at more that Rs 12 lakh crore during the year 2012-13.
In the first quarter of the current year,the export value of guar gum fell to Rs 4,702 crore from Rs 11,000 crore in the year-ago period. Due to decline in demand from oil and gas explorers,guar gum exports have declined sharply this years, a commerce ministry official said.
In April-June,2013,Indias agricultural exports from the APEDA basket has grown marginally to Rs 34,132 crore from Rs 32,061 crore in the year-ago period.
Exports of Basmati rice has increased by 67 per cent year-on-year to Rs 11,178 crore. Realisations from wheat exports posted a 287 per cent rise year-on-year to Rs 3,953 crore during the quarter.
Other commodities which saw an increase include dairy products (Rs 797 crore),pulses (Rs 489 crore),meat (Rs 5087 crore),fresh fruits (Rs 1106 crore) and fresh vegetables (Rs 845 crore).