Agriculture exports dip in first quarter of FY24 on bans and curbs

Data shows that between April and June 2023, agriculture product exports dropped by almost 15 per cent compared to the same period last year

India's agriculture exports reached a high of over $52 billion in the financial year 2022-23 (FY23), primarily led by strong exports of rice (basmati and non-basmati), sugar and coffee.

This was India's highest export of agriculture and allied products since 2015-16.

The rise came despite a significant dip in wheat exports in FY23 due to the export ban in May 2022 and limiting sugar exports to six million tonnes.

However, since the start of FY24, that is, from April to June, exports of agriculture and allied products have taken a hit mainly due to the stoppage of sugar exports and