Exports of agricultural products crossed the USD 50 billion mark for the first time during the financial year 2021-22, benefitting the farmers in states like Punjab, Haryana, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Telangana, Andhra Pradesh and Maharashtra.
The highest ever exports have been achieved for staples like rice for USD 9.65 billion, wheat for USD 2.19 billion, sugar for USD 4.6 billion and other cereals for USD 1.08 billion. Wheat has recorded an exceptional growth of more than 273 percent, jumping nearly four-fold from $568 million in 2020-21 to touch close to $2119 million in 2021-22.
Spices exports have touched USD 4 billion for the second year in a row. Despite facing tremendous supply-side issues, coffee exports have crossed USD 1 billion for the first time, which has improved realisations for coffee growers in Karnataka, Kerala and Tamil Nadu.
The Ministry of Commerce & Industry said that the growth rate is remarkable as it is over and above the growth of 17.66 percent, at $41.87 billion, achieved in 2020-21 and has been achieved in spite of unusual logistical challenges in the form of high freight rates, container shortages etc.
India has captured nearly 50 percent of the world market for rice. The export of marine products, at USD 7.71 billion, is also the highest ever, benefiting farmers in the coastal states of West Bengal, Andhra Pradesh, Odisha, Tamil Nadu, Kerala, Maharashtra and Gujarat.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
