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Exports of agricultural products including marine and plantation products from India for the year 2021-22 have crossed $50 billion, the highest level ever achieved for agriculture exports: Govt

Export of marine products, at $7.71 billion, is also the highest ever, benefitting farmers in the coastal states of West Bengal, Andhra Pradesh, Odisha, Tamil Nadu, Kerala, Maharashtra and Gujarat
 |  Satyaagrah  |  Business
India’s Agriculture Exports Touch Historic High Of $50 Billion In FY22

As per the provisional figures released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the agricultural exports from India have grown by 19.92 percent during 2021-22 to touch $50.21 billion, the Ministry of Commerce and Industry said in a release.

The exports of agricultural products (including marine and plantation products) from India for the year 2021-22 have crossed $50 billion, the highest level ever achieved for agriculture exports, an official release said on Wednesday (6 April).

According to the ministry's statement, the growth in agricultural exports is up by 17.66 percent compared to $41.87 billion in exports achieved in 2020-21.

It should be noted that the rise in exports has been achieved in spite of unprecedented logistical challenges in the form of high freight rates, container shortages, etc.

The ministry said that the highest ever exports have been achieved for staples like rice ($9.65 billion), wheat ($2.19 billion), sugar ($4.6 billion), and other cereals ($1.08 billion).

Wheat has recorded an unprecedented growth of more than 273 percent, jumping nearly four-fold from $568 million in 2020-21 to touch close to $2,119 million in 2021-22.

India’s Agriculture Exports Touch Historic High Of $50 Billion In FY22

An increase in exports of these products has benefitted farmers in states like Punjab, Haryana, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Telangana, Andhra Pradesh, Maharashtra, etc, it said.

India has captured nearly 50 percent of the world market for rice, according to the ministry.

The export of marine products, at $7.71 billion, is also the highest ever, benefitting farmers in the coastal states of West Bengal, Andhra Pradesh, Odisha, Tamil Nadu, Kerala, Maharashtra, and Gujarat.

Meanwhile, spices exports have touched $4 billion for the second year in a row.

Further, despite facing tremendous supply-side issues, coffee exports have crossed $1 billion for the first time, which has improved realizations for coffee growers in Karnataka, Kerala, and Tamil Nadu.

According to the ministry, the exports have taken place from clusters like Varanasi (fresh vegetables, mangoes), Ananthpur (banana), Nagpur (orange), Lucknow (mango), Theni (banana), Solapur (pomegranate), Krishna and Chittoor (mango), etc.

India’s Agriculture Exports Touch Historic High Of $50 Billion
References:

swarajyamag.com

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