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India’s Agricultural Export Registers A Steady Pace

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    India’s agricultural and processed food exports have grown at a steady pace in the last decade notwithstanding several logistical challenges faced in the global trade of the commodities.

Exports of agricultural and processed food products under Agricultural and Processed Food Products Export Development Authority (APEDA) basket rose to USD 20,674 million (Rs 15,30,50 crore) during 2020-21, from USD 17,321 million (Rs 83,484 crore) in 2011-12, according to data by the Directorate General of Commercial Intelligence and Statistics (DGCI&S).

Non-Basmati Rice has emerged as India’s top export item among the many agricultural and processed food product exports under APEDA basket, contributing close to one fourth of the total exports in 2020-21.

India’s wheat exports touched $ 243 million

India’s cereals exports continue to surge notwithstanding disruption of global supplies because of COVID19 pandemic.

In the first seven months (April-October) of the current financial year (2021-22), India’s wheat exports in terms of volume rose by more than 527 per cent to 3.2 Million Tonne (MT) from 0.51 MT reported during April-October period of 2020-21. In terms of value, India’s wheat exports in the current fiscal (April – October) rose by 546 per cent to $ 872 million from $ 135 million reported during the same period of the previous fiscal.

In the current financial year (2021-22), India’s wheat exports is expected to achieve an all-time record high as it has already surpassed shipment of 2.09 MT achieved during 2020-21.

With India being the world’s top rice exporter, wheat exports have witnessed a 48.56 percent compounded annual growth rate (CAGR) during 2016-2020. The country’s wheat exports touched $ 243 million in 2020 against $ 50 million in 2016, according to ITC Trade Map, 2021 data.