HIGHLIGHTS:
• India’s agricultural exports, reached a new high of USD 50 billion in FY 2021-22
• This is a 20% increase over the previous year
• Spice exports have surpassed USD 4 billion
India’s agricultural exports, including plantation and marine goods, reached a new high of USD 50 billion in FY 2021-22. This is a 20% increase over the previous year.
Overview:
• The surge in shipments of marine products, rice, buffalo meat, sugar, wheat, and raw cotton contributed to the increase in exports.
• Despite logistical constraints such as container shortages and high freight charges, this expansion has been achieved.
• This increase in agricultural exports will also raise the revenue of the country’s farmers.
Items with the greatest export potential
The country’s highest-ever exports were attained by
• rice (USD 9.65 billion)
• wheat (USD 2.19 billion)
• sugar (USD 4.6 billion)
• cereals not listed above (USD 1.08 billion).
Wheat shipments also increased by 273 percent in 2021-22 compared to the previous year, reaching USD 2.1 billion.
Which states have benefitted their farmers?
Farmers in Haryana, Punjab, Bihar, Uttar Pradesh, Chhattisgarh, West Bengal, Telangana, Madhya Pradesh, Maharashtra, and Andhra Pradesh have profited from the increase in agri-exports.
Farmers in West Bengal, Odisha, Andhra Pradesh, Kerala, Tamil Nadu, Gujarat, and Maharashtra have benefited from the export of marine products worth USD 7.71 billion.
Export of Spices
India is the country know for the spices and this year spice exports have surpassed USD 4 billion.
Export of Coffee
Coffee exports surpassed $1 billion for the first time, boosting the income of coffee growers in Kerala, Karnataka, and Tamil Nadu.
Reasons for the increase in agriculture exports
The Agricultural and Processed Food Products Export Development Authority (APEDA), the Marine Products Export Development Authority (MPEDA), and different commodities boards in India have all worked hard to boost agriculture exports.
