India’s agricultural exports topped $50 billion in FY22, highest on record, Commerce Ministry says


India’s agricultural exports hit another milestone by crossing $50 billion in FY22. This would be the highest level ever for agricultural exports.

Provisional data from the DGCI&S showed that agricultural exports increased by 19.92% during 2021-22 to reach $50.21 billion. The growth rate is remarkable as it exceeds the growth of 17.66%, to $41.87 billion, achieved in 2020-21 and was achieved despite unprecedented logistical challenges in the form of high freight rates, container shortages, etc. accomplishments of the past two years will go a long way toward realizing the Prime Minister’s vision of improving farm incomes.

According to the data, the highest exports on record were for commodities like rice (%9.65 billion), wheat ($2.19 billion), sugar ($4.6 billion ) and other cereals ($1.08 billion). Wheat recorded unprecedented growth of more than 273%, jumping nearly four times from $568 million in 2020-21 to nearly $2,119 million in 2021-22. An increase in exports of these products has benefited farmers in states like Punjab, Haryana, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Telangana, Andhra Pradesh, Maharashtra, etc rice.

Meanwhile, marine product exports also hit an all-time high of $7.71 billion, benefiting farmers in the coastal states of West Bengal, Andhra Pradesh, Odisha, Tamil Nadu, Kerala, Maharashtra and Gujarat. Spice exports hit $4 billion for the second consecutive year. Despite huge supply problems, coffee exports crossed $1 billion for the first time, improving the achievements of coffee farmers in Karnataka, Kerala and Tamil Nadu.

In a statement, the Ministry of Trade and Industry said that “this achievement is the result of sustained efforts by the Department of Commerce and its various export promotion agencies such as APEDA, MPEDA and various commodity boards.The Department has made special efforts to engage state and district governments in promoting agricultural exports.

To ensure that farmers benefit from exports, the Department of Commerce has made special efforts to provide a direct link to farmers and OPAs. A Farmer Connect portal has been set up to provide a platform for farmers, FPOs/FPCs and cooperatives to interact with exporters.

“This approach has resulted in agricultural exports from hitherto unexplored areas. Exports have taken place from clusters like Varanasi (fresh vegetables, mangoes), Ananthpur (banana), Nagpur (orange), Lucknow (mango) , Theni (banana), Solapur (pomegranate), Krishna & Chittoor (mango), etc. Initiatives like the “Happy Banana Train”, an exclusive train with refrigerated containers to transport bananas from Anantapur to JNPT, Mumbai, have been taken to boost exports from non-conventional areas,” the ministry said. noted.

In addition, the ministry said, “The Ministry of Commerce continues its efforts to promote agricultural exports so that the momentum gained over the past two years is maintained and agricultural exports reach new heights in the coming years.” .

According to the ministry, the Covid-19 outbreak in the first quarter led to an increase in demand for commodities, which helped boost agricultural exports. With the institutional framework already in place at state and district levels, and special efforts to overcome pandemic-induced bottlenecks, India has been able to seize the opportunity and become a reliable supplier of food . Even during the current crisis due to the Russian-Ukrainian war, the world looks to India for its supply of wheat and other food grains.

To subscribe to Mint Bulletins

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Download the app to get 14 days of unlimited access to Mint Premium absolutely free!


Comments are closed.