SME Times is powered by   
Search News
Just in:   • Centre hikes MSP of raw jute by Rs 315 for 2025-26 season  • India needs more reforms to become $10 trillion economy: Gita Gopinath  • India, Belgium to deepen trade and investment ties: Piyush Goyal  • India’s economic growth poised to rebound as demand picks up: RBI bulletin  • Fiji govt introduces measure to reduce dependency on foreign labour 
Last updated: 26 Jul, 2021  

Wheat.9.Thmb.jpg Farm exports: On firm ground

wheat-export.jpg
   Top Stories
» Centre hikes MSP of raw jute by Rs 315 for 2025-26 season
» India, Belgium to deepen trade and investment ties: Piyush Goyal
» India’s economic growth poised to rebound as demand picks up: RBI bulletin
» Auto component sector should build EV ecosystem before others catch up: Piyush Goyal
» PM Modi to inaugurate Bharat Mobility Global Expo 2025 today
Bikky Khosla | 26 Jul, 2021

India's agriculture exports during 2020-21 have increased by over 17% as compared to exports during 2019-20, according to latest data tabled in the Parliament. This data is encouraging. For the previous 3 years, exports by the sector remained stagnant --$38.43 billion in 2017-18, $38.74 billion in 2018-19 and $35.16 billion 2019-20, but in 2020-21, the amount increased to $41.25 billion.

A deeper look shows that exports of agriculture products (excluding marine and plantation products) grew 28.36% to $29.81 billion in 2020-21. This indicates that we have successfully taken advantage of the increased demand for staples during the COVID-19 period. Healthy growth has been seen in exports of non-basmati rice, wheat, millets, maize, oil meals, sugar, raw cotton, fresh vegetables and vegetable oils, organic products, spices, etc.

It is notable that during 2020-21, exports have taken place from several clusters for the first time, such as of fresh vegetables and mangoes from Varanasi, black Rice from Chandauli, oranges from Nagpur, mango from Lucknow, etc. Fresh horticulture produces were exported via multimodal mode to Dubai, London, etc. Handholding by the Department also enabled North East farmers to send their value-added products beyond the Indian borders. This trend is encouraging.

Additionally, while exports to most of our traditional markets like USA, China, UAE, Vietnam, Saudi Arabia, and Indonesia have registered healthy growth, we also have explored some new markets during the year. Most notably, rice has been exported to countries like Timor-Leste, Puerto Rico, Brazil, etc. for the first time. Similarly, wheat has been exported to Yemen, Indonesia, Bhutan, etc. Such market diversification augurs well for the sector.

I invite your opinions.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter