Coir exports grew 14.8% in 2021-2022
The Hindu
Coir Board expects exports to surpass ₹5,000 crore this fiscal
Coir exports in 2021-2022 were worth ₹ 4,340.05 crore, registering 14.8% growth in value compared with 2020-2021, according to the Coir Board.
In terms of quantity, exports grew 6.2% to 12.34 lakh tonnes against 11.63 lakh tonnes, D. Kuppuramu, Chairman of the Board, said in an interview.
“There is a demand in the overseas market for agro-based products from India,” he said. “Our exporters should focus on value addition. That is what the Board is focusing on,” he said. Value added products contributed to 33% of the exports last financial year.
Coir pith exports were worth ₹2,259.18 crores and tufted mats ₹ 1,001.15 crore. Coir fibre exports had reduced because of lower imports by China.
The Board expected coir exports to surpass ₹5,000 crore this fiscal. “The industry should prioritise value added products. Price realisation will also be better for such products,” he said.
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