: Exports of agriculture and allied Products cross 41 Bn dollars during 2021 #FinanceIndia #StockMarketNEWS Exports of agriculture and allied Products cross 41 Bn dollars during 20-21 New Delhi, Jun
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Exports of agriculture and allied Products cross 41 Bn dollars during 2021 #FinanceIndia #StockMarketNEWS
Exports of agriculture and allied Products cross 41 Bn dollars during 20-21 New Delhi, Jun 10 (KNN) Export of agriculture and allied products during 2020-21 jumped to 41. 25 billion dollars, indicating an increase of 17. 34 per cent, said Dr Anup Wadhawan, Secretary, Department of Commerce.
During the media interaction, on Thursday, he informed that after remaining stagnant for the past three years (38. 43 billion dollars in 2017-18, 38. 74 billion dollars in 2018-19 and 35. 16 billion dollars 2019-20), the export of agriculture and allied products including marine and plantation products during 2020-21 jumped to 41. 25 billion dollars, indicating an increase of 17. 34 per cent.
In Indian Rupees (INR) terms, the increase is 22. 62 per cent with exports during 2020-21 amounting to Rs 3. 05 lakh crore as compared to Rs 2. 49 lakh crore during 2019-20. India’s agricultural and allied imports during 2019-20 were 20. 64 billion dollars, and the corresponding figures for 2020-21 are 20. 67 billion dollars.
Despite COVID-19, balance of trade in agriculture has improved by 42. 16 per cent from 14. 51 billion dollars to 20. 58 billion dollars, an official statement quoted him as saying.
For agriculture products excluding marine and plantation products, the growth is 28. 36 per cent with exports of 29. 81 billion dollars in 2020-21 as compared to 23. 23 billion dollars in 2019-20.
India has been able to take advantage of the increased demand for staples during the COVID-19 period, the statement added.
Huge growth has been seen in export of cereals with export of non-basmati rice growing by 136. 04 per cent to 4794. 54 million per cent; wheat by 774. 17 per cent to 549. 16 million per cent; and other cereals Millets, Maize and other coarse gains by 238. 28 per cent to 694. 14 million dollars.
Other agricultural products, which registered significant increase in exports, as compared to 2019-20, were oil meals 1575. 34 million dollars-growth of 90. 28 per cent, sugar 2789. 97 million dollars- growth 41. 88 per cent, raw cotton 1897. 20 million dollars-growth 79. 43 per cent, fresh vegetables 721. 47 million dollars-growth 10. 71 per cent and vegetable oils 602. 77 million dollars-growth 254. 39 per cent etc.
Largest markets for India’s agriculture products are USA, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia. Exports to most of these destinations have registered growth, with highest growth being recorded for Indonesia (102. 42 per cent), Bangladesh (95. 93 per cent) and Nepal (50. 49 per cent).
The statement further said that the export of spices like ginger, pepper, cinnamon, cardamom, turmeric, saffron etc.