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Farm exports could grow 20% in 2021-22, say exporters
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“The export pipeline looks healthy and the trend is positive. Besides the traditional large markets, we are seeing traction and new opportunities in Africa, the Middle East and SouthEast Asia,” said M Angamuthu, chairman, Agricultural and Processed Food Products Export Development Authority (APEDA).
Higher demand for sugar from Sri Lanka, Bangladesh and Afghanistan and for non-basmati rice from new buyers such as Malaysia and the Philippines along with a spurt in inquiries for vegetables in the Middle East, have made exporters hopeful of a 20% rise in farm exports this fiscal.
India’s Farm Exports Up 18.49% In Apr 2020-Feb 2021
Commodities which posted significant positive growth in exports were wheat, other cereals, rice (other than Basmati), soya meal, etc.
Representational Image Apr 21, 2021
India’s export of agri and allied commodities during Apr 2020- Feb 2021 were Rs. 2.74 lakh Crores as compared to Rs. 2.31 Crore in the same period last year, indicating an increase of 18.49%.
Stating this on Wednesday, April 21, the Ministry of Agriculture & Farmers Welfare added that despite the COVID-19 pandemic, India did not disturb the world food supply chain and continued to export.
India’s agricultural and allied exports during 2019-20 were Rs. 2.52 lakh Crores and imports were Rs. 1.47 lakh Crores.