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Agri exports jump to $ 41 billion despite pandemic
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SME Times News Bureau | 10 Jun, 2021
India's agriculture exports (including marine and plantation products)
have beaten the pandemic registering a growth of 17.34 per cent to $
41.25 billion in 2020-21, a top commerce ministry official said on
Thursday.
Speaking to the media, commerce secretary Anup Wadhawan
said that excellent growth of Agri exports in FY21 has come after it
remained stagnant for the past three years (USD 38.43 billion in
2017-18, USD 38.74 billion in 2018-19 and USD 35.16 billion 2019-20).
In
rupee terms, the increase is 22.62 per cent with exports during 2020-21
amounting to Rs 3.05 lakh crore as compared to Rs 2.49 lakh crore
during 2019-20.
India's agricultural and allied imports during
2019-20 were USD 20.64 billion, and the corresponding figures for
2020-21 are USD 20.67 billion. Despite COVID-19, the balance of trade in
agriculture has improved by 42.16% from USD 14.51 billion to USD 20.58
billion.
For agriculture products (excluding marine and
plantation products), the growth is 28.36% with exports of USD 29.81
billion in 2020-21 as compared to USD 23.23 billion in 2019-20. India
has been able to take advantage of the increased demand for staples
during the COVID-19 period.
Huge growth has been seen in export
of cereals with export of non-basmati rice growing by 136.04% to USD
4794.54 million; wheat by 774.17% to USD 549.16 million; and other
cereals (millets, maize and other coarse gains) by 238.28% to USD 694.14
million.
Other agricultural products, which registered a
significant increase in exports as compared to 2019-20, were oil meals
(USD 1575.34 million -growth of 90.28%), sugar (USD 2789.97 million -
growth 41.88%), raw cotton (USD 1897.20 million - growth 79.43%), fresh
vegetables (USD 721.47 million - growth 10.71%) and vegetable oils (USD
602.77 million- growth 254.39%) etc.
The largest markets for
India's agriculture products are the USA, China, Bangladesh, UAE,
Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia. Exports to
most of these destinations have registered growth, with the highest
growth being recorded for Indonesia (102.42%), Bangladesh (95.93%) and
Nepal (50.49%).
Export of spices like ginger, pepper, cinnamon,
cardamom, turmeric, saffron etc., which have known therapeutic
qualities, has also grown substantially. During 2020-21, export of
pepper increased by 28.72% to USD 1269.38 million; cinnamon by 64.47% to
USD 11.25 million; nutmeg, mace and cardamom by 132.03% (USD 189.34
million vs USD 81.60 million); and ginger, saffron, turmeric, thyme, bay
leaves etc. by 35.44% to USD 570.63 million. Export of spices touched
the highest ever level of around USD 4 billion during 2020-21.
The
organic exports during 2020-21 were USD 1040 million as against USD 689
million in 2019-20, registering a growth of 50.94%. Organic exports
include oil cake/meals, oil seeds, cereals and millets, spices and
condiments, tea, medicinal plant products, dry fruits, sugar, pulses,
coffee etc.
Exports have also taken place from several clusters
for the first time. For instance, export of fresh vegetables and mangoes
from Varanasi and black rice from Chandauli has taken place for the
first time, directly benefitting farmers of the area. Exports have also
taken place from other clusters viz. oranges from Nagpur, bananas from
Theni and Ananthpur, mangoes from Lucknow etc. Despite the pandemic,
export of fresh horticulture produce took place by multimodal mode and
consignments were shipped by air and sea to Dubai, London and other
destinations from these areas. Handholding by the Department for market
linkages, post-harvest value chain development and the institutional
structure such as FPOs, enabled North East farmers to send their
value-added products beyond the Indian borders.
Cereal exports
have done well during 2020-21. The country has been able to export to
several countries for the first time. For example rice has been exported
to countries like Timor-Leste, Puerto Rico, Brazil, for the first time.
Similarly wheat has been exported to countries like Yemen, Indonesia,
Bhutan and other cereals have been exported to Sudan, Poland Bolivia.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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