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Exports of agri items up 43.4% in April-Sept
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SME Times News Bureau | 10 Oct, 2020
Despite the ongoing Covid-19 pandemic, the export of essential agri
commodities registered an increase of 43.4 per cent for the cumulative
period of April-September to Rs 53,626.6 crore as compared to Rs
37,397.3 crore in the corresponding period last year.
The
achievement is the result of "consistent and concerted" efforts of the
Central government to boost agricultural exports, the Ministry of
Agriculture said in a statement on Saturday.
Major commodity
groups which have recorded a positive export growth during
April-September this year are groundnut (35%), refined sugar (104%),
wheat (206%), Basmati rice (13%) and non-Basmati rice (105%).
Furthermore, the balance of trade during April-September this year has
been significantly positive at Rs 9,002 crore as against a trade deficit
of Rs 2,133 crore during the same period in 2019.
On a month to
month basis (MoM), India's exports of essential agricultural commodities
during September, 2020 have been Rs 9,296 crore against exports of Rs
5,114 crore during September, 2019, showing an increase of 81.7 per
cent.
In order to boost agri exports, the government announced
the Agriculture Export Policy, 2018 which inter-alia provides for a
cluster-based approach for export-centric farming of cash crops like
fruits, vegetables and spices whereby clusters for specific agri
products are identified across the country and focused interventions are
carried out in these clusters.
Eight Export Promotion Forums
(EPFs) have been set up under the aegis of the Agricultural and
Processed Food Products Export Development Authority (APEDA) to boost
exports of agriculture or horticulture products. The EPFs have been
created on Banana, Grapes, Mango, Pomegranate, Onion, Dairy, Rice
Basmati and Rice Non-Basmati.
The EPFs are making concerted
efforts to identify, document particulars of, and reach out to
stakeholders across the entire production or supply chain of export for
increasing these exports significantly to the global market, through
various interventions.
Recently, the government also announced an
Agri Infra Fund of Rs 1 lakh crore to improve the agri business
environment which will promote agri exports in due course. Besides, the
Ministry said, the Department of Agriculture, Co-operation and Farmers
Welfare has also prepared a comprehensive action plan or strategy for
promotion of agri trade envisaging a two-fold approach viz. to boost
agri exports with emphasis on value addition and a detailed action plan
for import substitution.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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