SCENARIO OF AGRICULTURAL EXPORTS  IN INDIA

SCENARIO OF AGRICULTURAL EXPORTS IN INDIA

INDIA’S AGRICULTURAL EXPORTS

India is one of the world’s major producers of agricultural and food items. Rice, wheat, lentils, oilseeds, coffee, jute, sugarcane, tea, tobacco, groundnuts, dairy products, fruits, and other crops are grown in the nation.

West Bengal, Uttar Pradesh, Punjab, Gujarat, Haryana, Madhya Pradesh, Assam, Andhra Pradesh, Karnataka, and Chhattisgarh are the top crop-producing states in India. Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, Rajasthan, Bihar, and Gujarat provide the majority of the country’s wheat.

Rice is India’s most exported agricultural crop, accounting for more than 19% of overall agricultural exports in 2021-22. Sugar and spices are among the most important exported items, accounting for 9% and 8% of agricultural exports, respectively. Wheat exports were valued at US$ 2.1 billion in 2021-22, a considerable increase from US$ 568 million in 2020-21. Coffee exports have surpassed $1 billion mark, increasing earnings for coffee producers in Karnataka, Kerala, and Tamil Nadu. Farmers in the coastline regions of West Bengal, Andhra Pradesh, Odisha, Tamil Nadu, Kerala, Maharashtra, and Gujarat are benefiting from increased exports of marine goods worth US$ 7.7 billion.

The Indian government has developed a product matrix for 50 agricultural items with high export potential and designated 220 labs to provide testing services for a wide variety of products to assist exporters throughout India.

The United States, Bangladesh, China, the United Arab Emirates, Indonesia, Vietnam, Saudi Arabia, Iran, Nepal, and Malaysia are the top buyers of Indian agricultural goods. Korea, Japan, Italy, and the United Kingdom are the other importers. During 2021-22, the United States was the top buyer of Indian agricultural goods, spending $5.7 billion and accounting for 11.5% of export earnings. Bangladesh is the largest importer of agricultural and allied products, accounting for US$ 3.8 billion, trailed by the UAE, accounting for US$ 2.3 billion.

Agriculture Export Policy for 2018 (AEP)

To increase agricultural commodity exports, the Indian government has devised a comprehensive Agriculture Export Policy (AEP). The primary goals of the AEP are to broaden the export bag and locations, increase enhanced agricultural exports, promote indigenous, biogenic, traditional, and quasi agricultural product exports, include an enabling framework for continuing to pursue market access, and enable farmers to concentrate on export opportunities in international markets.

Financial Assistance Scheme (FAS)

FAS is the Agriculture and Processed Food Products Export Development Authority’s export promotion initiative (APEDA). It is included in the Cash Budget Cycle for 2021-22 to 2025-26. The fundamental goal of this strategy is to support firms in developing export facilities, quality, and market expansion. The initiative would offer grants ranging in amount from 5 lakh to Rs. 5 crore.

In the financial year FY22, India’s agricultural product exports surpassed $ 50 billion. This would be the greatest level of agricultural exports ever attained.

According to preliminary figures from DGCI , agricultural exports climbed by 19.92% between 2021-22, hitting $ 50.21 billion. The rate of growth is exceptional since it exceeds the 17.66% rate of growth of $41.87 billion

Rising Exports 

The Department of Commerce is sustaining its efforts to boost farm exports so that the impetus acquired over the last two years may be maintained and agriculture exports reach record levels in the future.

Rice exports were the leading FX maker among agri-commodities in 2021-22, totaling $9.65 billion, up 9.35% from the prior year.

Wheat exports increased from $567 million in the previous budget year to $2.2 billion.

Dairy product shipments surged by more than 96% to $634 million from $323 million, while bovine meat exports jumped from $3.17 billion to $3.30 billion in 2021-22.

Poultry exports increased 34% to $71 million, up from $58 million the previous year, and sheep and goat flesh exports increased 34% to $60 million.

Bangladesh, the United Arab Emirates, Vietnam, the United States, Nepal, Malaysia, Saudi Arabia, Indonesia, Iran, and Egypt are among the major export regions.

The increase in agricultural and processed food exports is primarily due to the Centre’s varied activities, such as arranging B2B fairs in other countries and discovering new prospective markets through product specific and general marketing campaigns.

If you want to get a decent return on your agricultural production, start exporting it today; if this is your first time, EximAnything will completely assist you with your needs.

 

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