Farm exports topped $50 bn in FY22, driven by cereals, marine products
- IBEF
- April 4, 2022
According to Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr. Piyush Goyal, India's agriculture exports reached a new high of US$ 50 billion in FY22, driven by a variety of things such as cereals (rice and wheat), marine products, spices, and sugar, among others. He stated over 10 million tonnes of wheat exports in FY23 are "achievable," but sources said the Centre was hoping to double exports to around 15 million tonnes in FY23, up from over 7 million tonnes in FY22.
“Higher agricultural exports signify the ability of Indian farmers to meet the requirement of 1.35 billion populations and yet produce a surplus to export to the rest of the world,” he said. He stated that total farm exports were around US$ 40.35 billion until March 21, 2021 and had already surpassed US$ 48.59 billion by March 21, 2022. He stated that Madhya Pradesh and Uttar Pradesh are developing as key wheat export destinations and that the state administrations in both states have been aggressively encouraging the exports.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
