India’s agriculture exports jump to $41.25 billion in FY21

| | , ,

India is the world’s largest producer, consumer, and exporter of rice, accounting for almost half of global exports. The country is also among the top three wheat and coarse grains producers, such as millet, maize, and barley. Since the 1960s, rice production has increased dramatically to meet growing consumption-driven by population growth, urbanization, and rising income levels. In this article, we will discuss India’s agriculture exports jump to $41.25 billion in FY21.

India’s agriculture exports jump to $41.25 billion

As per the new notification by the central government, India’s agriculture exports jump to $41.25 billion. After remaining stagnant for the last three years, the export of agriculture and allied commodities during 2020-21 grew 17.34 percent to $41.25 billion. In 2017-18 and 2018-19, they hovered around $38 billion, thereafter deminishing to $35.16 billion in 2019-20.

Covid-19 offers better scope for farmers for enhanced productivity. From December 2018, two major agriculture policy initiatives came into effect.

India exports maize mainly to Bangladesh, Nepal. Maize also goes to the Middle Eastern countries, viz., UAE, Saudi Arabia, Iraq, and Iran. They import Poland China maize under a “duty-free and quota” facility. India is also a major exporter of wheat to Bangladesh, Nepal, Myanmar (Burma), Sudan, Malaysia, Egypt, Syria, Thailand, and Yemen. Millets are mainly exported to countries in Africa.

By 2020-21, India had emerged as a net exporter of many cereal items, including rice, wheat, maize, and other millets, despite its poor performance in 2014-15 when the country had to import wheat to meet rising demand.

Agriculture Sectors affected by high demand

Riding high on increased international demand for its quality rice and wheat, India has made a bold bet to export cereals to a wide variety of countries. Millets, ginger, turmeric, quinoa are rising fast in the health product trends.

The demand for organic products is on the rise in India, not only among the upper segment of society but also among the middle class and the rural consumers, says Angamuthu. Organic food products are those that do not contain artificial chemicals and pesticides and are grown without the use of synthetic fertilizers. Designated as certified organic, these products conform to a strict standard set by India Organic Certification [IOC], an agency under the APEDA registration that certifies the production.

The list also has substances such as Tricyclazole, Buprofezin, Hydroxychloroquine Sulfate, Azinvipa, and Coproximols used in agriculture a range of products, including pesticides, insecticides, and fungicides. About 9 chemicals used in crops in Punjab have been identified as ‘substances of profound concern.’ They have been banned. Later APEDA created awareness through trade bodies while efforts were made to ensure that fixing Import Tolerance Limits (ITLs) is formulated for these chemicals.

The department of commerce is making efforts to add a services exports Scheme (SEIS) under the Merchandise Exports from India Scheme (MEIS) in a new foreign trade policy being formulated by it.

APEDA Agriculture and Processed Products exports jump by 24%

Moreover, you require any kind of guidance related to the APEDA Registration, please feel free to contact our business advisors at 8881-069-069.

Download E-Startup Mobile App and Never miss the latest updates reciting to your business.


Accounts and Records Under GST: All You Need To Know

The ISO 27000 Family of Standards: ISO Certification


Leave a Comment