India’s agricultural exports increase by 17% to $41.25 billion in 2020-21

Published Jun 11, 2021

Tridge summary

India's agricultural and allied product exports in 2020-21 saw a significant increase of 17.34%, totaling $41.25 billion. This growth was led by the export of cereals, non-basmati rice, wheat, millets, maize, and other coarse grains. The US, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran, and Malaysia were the largest markets for these products. Even amidst pandemic-related challenges, overall farm exports experienced growth, with agricultural product exports alone increasing by 28.36% to $29.81 billion. This growth was attributed to factors such as bumper harvests, dedicated efforts by exporters, attractive prices abroad, and government initiatives like the farm export policy and the establishment of export clusters.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India’s export of agricultural and allied products in 2020-21 grew by 17.34 per cent to $ 41.25 billion. Commerce Secretary Anup Wadhawan said huge growth has been seen in the export of cereals, non-basmati rice, wheat, millets, maize and other coarse grains. The largest markets for India’s agricultural products are the US, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia. Exports of only agricultural products (excluding marine and plantation products) increased by 28.36 per cent to $ 29.81 billion in 2020-21 as compared to $ 23.23 billion in 2019-20. As for the overall farm exports, the country recorded impressive growth, despite the logistical and operational challenges posed by the pandemic, as demand for staples jumped. Exports of agriculture and allied products (including marine and plantation products) rose to $41.25 billion in FY21 from $35.16 billion a year before, Wadhawan said. Such exports had remained stagnant for two years — $38.43 ...

Source: Indoasiancommodities