India: Organic farm exports jump 51% in FY21

Published 2021년 6월 11일

Tridge summary

India's organic farm product exports experienced a 51% surge in FY21, reaching $1,040 million despite COVID-19 supply chain challenges. The volume of these exports grew by 39% to 8,88,179 tonnes. The US, EU, Canada, UK, Australia, Switzerland, Israel, and South Korea were the main recipients. Overall, India's farm exports rose by over 17% to $41.25 billion, with non-basmati rice, wheat, other cereals, sugar, raw cotton, oil meals, fresh vegetables, and vegetable oils seeing significant increases. The US remained the largest market for Indian farm products.

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Original content

Overseas demand for India’s organic farm products shot up in the pandemic year and exports of such items surged 51% on year in FY21, beating Covid-induced hiccups in the supply chain.Outbound shipments of organic products hit $1,040 million last fiscal, compared with $689 million a year before, aiding a rise in the overall agricultural exports, commerce secretary Anup Wadhawan said on Thursday.Farm exports rose over 17% last fiscal to $41.25 billion when total merchandise shipments shrank by about 7% to almost $291 billion.Even in volume term, exports of organic products grew as much as 39% to 8,88,179 tonnes last fiscal, against 638,998 tonnes in FY20, suggesting robust growth in demand.The key organic products that were shipped out include oil cake and meals, oil seeds, cereals, millets, spices and condiments, tea, medicinal plant products, dry fruits, sugar, pulses and coffee.The products were supplied to 58 destinations, mainly the US, the EU, Canada, the UK, Australia, ...

Source: Financialexpress