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    Farm exports expected to touch record $50 billion

  • Date : 21 January, 2022

     India's farm exports are likely to touch a record $50 billion in FY22, led by a sharp growth in shipments of rice and marine, meat and poultry items, according to officials.
    In FY21, India had exported farm products worth $41.25 billion, up 17% from $35.16 billion in 2019-20.
    Export of rice is likely to touch $9.5 billion in value terms, accounting for about half of the global rice export market, the officials said, adding that non-Basmati rice shipments are likely to clock $5.8 billion.

    "We expect farm exports to reach the highest and record $50 billion this year," said one of the officials.

    In the April to November 2021 period, export of agricultural products, including marine and plantation, amounted to $31.05 billion, up from $25.2 billion in the year-ago period.

    Export of marine products is likely to touch a record $8 billion, while that of coffee could grow 45% and cereals 66%. Overseas shipment of meat, dairy and poultry products could rise 10% this fiscal, the official said.
    "In spite of the disruptions caused by Covid-19, agriculture exports did well in 2020-21. The upward trend has continued during the current year," the official said.

    In the first eight months of the fiscal, India's wheat exports rose by about 421%, sugar exports grew by 62% and that of other cereals increased by 79%.

    Source: The. Economic Times 

 















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EDITOR'S NOTE

19 Dec 2021

One Size Fits All Will Not Work, Indian Agriculture Needs Decentralised Farm Reforms

There is consensus that Indian agriculture is in desperate need of reforms. These reforms are necessary for farm incomes to rise. If farmers in Malwa (Madhya Pradesh) or Doaba (Punjab) region have a speci