Foodgrain exports to reach $40 bn in 2012-13

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SME Times News Bureau | 11 Feb, 2013
India's foodgrain export is expected to reach around $40 billion in 2012-13, buoyed by surplus production, Minister of State for Agriculture Tariq Anwar said Sunday.

The country has shipped foodgrains worth $20-25 billion so far. The export is expected to touch $40 billion by the end of 2012-13 fiscal, Anwar is quoted by a news agency report.

India is likely to produce 250.14 million tonnes of foodgrain during 2012-13 despite a drop of 7 million tonnes in kharif crop due to erratic monsoons, the government had said recently.

According to the second advance estimates released by the agriculture ministry, production of major crops, except pulses, is likely to be less than last year when there was a record crop production helped by a favourable monsoon.

The assessment of production of different crops is based on the feedback received from states and validated with information available from other sources.

The Minister said there was tremendous scope for improvement of agriculture in the eastern states. Keeping this in mind, the Union government has launched a special scheme to achieve second green revolution in Bihar, West Bengal, Odisha and Assam.

Recently, Bihar Chief Minister Nitish Kumar had a meeting with Agriculture Minister Sharad Pawar, during which he gave details of a five-year agriculture roadmap formulated by the state government. Pawar, he had said, assured all help to the Bihar CM for the success of the roadmap for 2012-17.