The Commerce and Industry Ministry has said that the exports of agricultural products (including marine and plantation products) surpassed $50 billion, “the highest level ever achieved for agricultural exports”, in 2021-2022.
According to the provisional figures released by DGCI&S, exports of agricultural products have grown by 19.92 percent during 2021-2022 to hit $50.21 billion.
“The growth rate is remarkable as it is over and above the growth of 17.66%, at $41.87 billion, achieved in 2020-21 and has been achieved in spite of unprecedented logistical challenges in the form of high freight rates, container shortages etc. This achievement over the past two years will go a long way in realizing the Prime Minister’s vision of improving farmers’ income,” according to officials.
According to the report, India’s highest ever exports have been achieved for staples like rice ($9.65 billion), wheat (2.19 billion), sugar ($4.6 billion) and other cereals ($1.08 billion). This has made India capture nearly 50 percent of the world market price for rice.
In relation to the export of wheat, the report indicated that, “Wheat recorded an unprecedented growth of more than 273%, jumping nearly four-fold from $568 million in 2020-21 to touch close to $2119 million in 2021-22.”
The officials added, “Increase in exports of these products has benefitted farmers in states like Punjab, Haryana, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Telangana, Andhra Pradesh, and Maharashtra.”
Also, with the export of marine products, the export hit $7.71 billion. This, the report, says is the highest ever, benefitting farmers in the coastal states of West Bangal, Andhra Pradesh, Odisha, Tamil Nadu, Karala, Maharashtra and Gujarat.
Officials revealed that “Despite facing tremendous supply side issues, coffee exports have crossed $ 1 billion for the first time, which has improved realisations for coffee growers in Karnataka, Kerala and Tamil Nadu.”
“Outbreak of Covid-19 pandemic during first quarter of 2020 resulted in increased demand for staples, which provided an opportunity for increasing agriculture exports. India was able to rise to the occasion and emerge as a reliable supplier of food. Even during the current crisis due to Russia–Ukraine war, the world is looking at India for supplies of wheat and other food grains,” officials said.
“The exports of agricultural products (including marine and plantation products) surpassed $50 billion, “the highest level ever achieved for agricultural exports”, in 2021-2022”
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