India's agricultural exports to rise despite curbs on wheat, rice, and sugar

Published 2024년 1월 8일

Tridge summary

India's agricultural exports are expected to increase in fiscal 2023/24, despite restrictions on the export of wheat, rice, and sugar. These restrictions were implemented to control rising domestic prices, which could result in a $4 billion to $5 billion shortfall in exports. However, the country's trade minister is optimistic that overall agricultural exports will continue to rise, with increases seen in meat, dairy, cereal preparations, and fruits and vegetables.

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Original content

India's agricultural exports will rise in fiscal 2023/24 from last year despite curbs on wheat, rice and sugar, the nation's trade minister said on Monday, amid efforts to diversify shipments. The world's second-largest producer of wheat, rice and sugar, India restricted exports of these commodities last year in a bid to rein in rising domestic prices. These restrictions are likely to cause a shortfall of about $4 billion to $5 billion this year, Reuters reported last month. We had agri exports in the aggregate of about $53 billion in 2022/23, and we expect the number to increase in the current year despite the restrictions placed on export of rice, wheat or sugar, trade ...

Source: Economic times