India’s agricultural exports increase to $41 billion despite pandemic

India’s agricultural exports increase to $41 billion despite pandemic

A senior official of the Ministry of Commerce said on Thursday that India’s agricultural exports (including seafood and planted products) have withstood the pandemic, increasing by 17.34% to US$41.25 billion in 2020-2021. The excellent growth of agricultural exports in FY21 has remained unchanged in the past three years ($38.43 billion in 2017-18, US$38.74 billion in 2018-19, and US$35.16 billion in 2019-2020).

India’s agriculture imports for 2019-20 was 20.64 billion U.S. dollars, and the corresponding figure for 2020-2021 is 20.67 billion U.S. dollars. Despite COVID-19, the balance of agricultural trade increased from 14.51 billion US dollars to 20.58 billion US dollars, an increase of 42.16%; agricultural products (excluding seafood and plantation products) was increased by 28.36%, and India’s exports will be 29.81 billion, benefiting from In the COVID-19 era, the demand for staple foods has increased.

The largest markets for Indian agricultural products are the United States, China, Bangladesh, the United Arab Emirates, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia. Exports to most of these destinations have increased, with Indonesia (102.42%), Bangladesh (95.93%) and Nepal (50.49%) growing fastest.

The export of various enterprise groups also took place for the first time. For the first time, the export of fresh vegetables and mangoes from Varanasi and black rice from Qamdouli directly benefited farmers in the region. Other grapes are also exported, such as oranges from Nagpur, bananas from Shadow and Anantpur, and mangoes from Lucknow. Despite the pandemic, the export of fresh fruits and vegetables is multimodal transported by air and sea to Dubai, London and other destinations.

Development and institutional structures such as MRO enable farmers in the Northeast to bring their value-added products outside India. Food exports will perform well in 2020-2021. The country was able to export to many countries for the first time. For example, rice was exported to Timor-Leste, Puerto Rico and Brazil for the first time.

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