Agriculture Exports

India's agri-exports slip slightly, but rice and meat shipments show growth

Basmati rice exports rose sharply by 11 per cent between April and September 2024, compared to the same period in FY24 reaching $2.87 billion, aided by the recent removal of the minimum export price

Export bans to subsidies: WTO nations inquire about India's agri policies

Nations including the US, UK, Japan, and Canada have sought answers from India about its continued export bans and other agricultural policies at the World Trade Organization (WTO)

Govt's focus on increasing exports to ensure fair price to farmers: HM Shah

The Narendra Modi government is increasing exports to ensure fair price to the farmers for their crops so that they can get maximum price for their crops, Union Home Minister Amit Shah said on Saturday. Shah also said that keeping the interests of farmers paramount, the government has taken three important decisions, including removing the minimum export price (MEP) of onions and Basmati rice. "The Modi government has decided to remove the minimum export price (MEP) on onions and reduce the export duty from 40 per cent to 20 per cent. This will increase onion exports, which will increase the income of the onion producing farmers," he wrote on 'X' in Hindi. The home minister said the government has also decided to abolish the MEP on Basmati rice which will enable the farmers producing Basmati rice to earn more profits by exporting it. "Also, the Modi government has decided to increase the import duty on crude palm, soya and sunflower oils from 12.5 per cent to 32.5 per cent and the

Govt notifies 8,606 tonnes raw cane sugar exports to US under TRQ regime

The government on Tuesday notified exports of 8,606 tonnes of raw cane sugar under the tariff-rate quota (TRQ) scheme to the US for the October 2024 - September 2025 period. Shipments under the TRQ enjoy relatively lesser customs duties. After the quota is reached, a higher tariff applies to additional imports. "The quantity of 8,606 MTRV (metric tonnes raw value) of raw cane sugar to be exported to USA under TRQ scheme from 01.10.2024 to 30.09.2025 has been notified," the Directorate General of Foreign Trade (DGFT) said in a public notice. A similar quantity was notified in January also. India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as well. The DGFT said that the quota will be operated by the Agriculture and Processed Food Products Export Development Authority (APEDA).

India's agriculture exports drop 3% to $5.88 bn in Q1 on Red Sea crisis

Rice exports have also been constrained by export controls on certain varieties of the grain including non-basmati rice imposed by India

India, Taiwan pact to facilitate trade of agri goods comes into force

An agreement between India and Taiwan to facilitate trade in organically-produced goods, including tea and medicinal plants, has come into force from July 8, the commerce ministry said on Wednesday. The mutual recognition agreement (MRA) will ease the export of organic products by avoiding dual certifications, thereby reducing compliance cost, simplifying compliance requirements by adhering to only one regulation and enhancing trade opportunities in the organic sector. It said the pact will pave the way for export of major Indian organic products such as rice, processed food, green/black and herbal tea, medicinal plant products to Taiwan. The implementing agencies for the MRA are India's Agricultural and Processed Food Products Export Development Authority (APEDA) and Taiwan's Agriculture and Food Agency. "The MRA for organic products between India and Taiwan has been implemented w.e.f. July 8," it said in a statement. Under the pact, agricultural products produced and handled ...

Govt charts plan to boost exports of 20 'high potential' agri products

India's share is about 2.5 per cent in global exports, and the government wants to increase it to about 4-5 per cent over the next few years

Trade bodies, exporters in Rajasthan demand task force to boost exports

According to available government data, exports from Rajasthan touched Rs 70,000 crore in the 2022-2023. Trade pundits expect it to reach Rs 80,000 crore in 2023-2024

Agri exports likely to double to $100 billion by 2030: Commerce secy

India's agriculture exports, which stood at over USD 50 billion at present, are expected to double by 2030 and reach USD 100 billion, Commerce Secretary Sunil Barthwal said on Monday. He said that the country is targeting USD 2 trillion worth of exports of goods and services by 2030. "I am very sure that this USD 50 billion exports of India today will see a doubling of our exports by 2030 to almost USD 100 billion," he said at the IndusFood Show 2024 here. This is the largest food and beverage show in South Asia. The secretary said that areas like the ready-to-eat food segment have huge potential to grow. He also urged the industry to focus on the technical standard requirements of importing countries. Inaugurating the show, Commerce and Industry Minister Piyush Goyal said that this fiscal year, the country's agri exports will be more than last year's level of USD 53 billion, despite restrictions imposed on shipments of certain key commodities, including rice, wheat and ...

Agricultural exports to rise despite curbs on wheat, rice, sugar: Goyal

These restrictions are likely to cause a shortfall of about $4 billion to $5 billion this year, Reuters reported last month.

51.5% agri exports from just 5 products makes sector vulnerable: GTRI

India's agri export basket is dependent on just five commodities including rice and sugar and this makes the sector vulnerable to fluctuations in global prices and demand, a report by economic think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) said these five products -- basmati rice, non-basmati rice, sugar, spices, and oil meals -- account for 51.5 per cent of India's total agriculture exports. Furthermore, India grapples with various domestic challenges including infrastructural deficits, quality control issues, and non-tariff barriers, all of which impede the growth and competitiveness of its agricultural sector, it said. "This makes them (agri exports) vulnerable to fluctuations in global prices and demand," it said, adding these commodities also face frequent export bans in India. At present export of non-basmati rice is currently banned from India and India is also fighting at the WTO (World Trade Organisation) to protect subsidies to rice and wheat

Agriculture exports likely to reach $53 bn in FY24: Commerce ministry

India's agriculture exports this fiscal are expected to reach the last year's level of USD 53 billion despite restrictions imposed on shipments of certain key commodities, including rice, wheat and sugar, according to a senior government official. In 2022-23, the country's agri exports stood at USD 53 billion. "We expect that we would reach that level in spite of USD 4.5 billion-USD 5 billion impact due to the restrictions," Additional Secretary in the commerce ministry Rajesh Agrawal told reporters here on Thursday. The government has prohibited exports of wheat and non-basmati white rice and has imposed curbs on sugar exports. He said the government is promoting exports of new products like bananas and value-added millet products to new global destinations. "In the next three years, we are hoping to increase banana exports to USD 1 billion," he said. Exports of fruits and vegetables, cereals, meat, dairy and poultry products registered a healthy growth rate during ...

Agri-commodities exports decline to 1.79 million tonnes in Sept: APEDA

Export of agri-commodities, including basmati rice, declined to 17.93 lakh tonnes in September this year compared to 27.94 lakh tonnes in the previous month, according to agri-export promotion body APEDA. Exports of agri-commodities in April and May were around 33 lakh tonnes each. However, shipments of farm items fell to nearly 18 lakh tonnes due to several restrictions on the export of various varieties of rice, including broken rice and non-basmati white rice. Export of agricultural items stood at 27.94 lakh tonnes in August of the 2023-24 fiscal, according to the data maintained by the Agricultural and Processed Food Products Export Development Authority (APEDA). In value terms, the export of farm items declined to Rs 14,153 crore during September from Rs 18,128 crore in August of this fiscal. Much of the exports in September were non-basmati exports which stood at 4.25 lakh tonne, basmati rice at 1.21 lakh tonne, fresh onions at 1.51 lakh tonne, and buffalo meat at 1,21,427 ..

India developing sea protocols for fresh produce to boost ocean exports

India is developing sea protocols for various fresh fruits and vegetables like bananas, mangoes, pomegranates and jackfruit to promote their exports through ocean routes, a senior government official said on Tuesday. At present, most of these exports are happening by air route because of lower volumes and different ripening periods. The protocol includes understanding voyage time, scientifically understanding the ripening of these commodities, harvesting at a particular time and training of farmers. These protocols will be different for different fruits and vegetables. Additional Secretary in the Commerce Ministry Rajesh Agrawal said shipments through sea route have two advantages - cost and volume. The exercise would help boost exports of fruits and vegetables as shipments through air cargo have a positive impact on the price competitiveness of these commodities. "So far, we are using air routes to export these perishable goods. But now, we are trying to see how we can use the se

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

UP eyes bigger pie of millet exports, plans to expand jowar acreage

Some of the major millet crops grown in UP are jowar, bajra, kodo and sanwa

Conditions apply

Futures trade in farm commodities won't work with controls

Basmati rice exports increase by 26% in Q1 to $1.15 bn: Commerce Ministry

Exports of agricultural and processed food products rose by 31 per cent in the quarter to USD 7.4 billion.

Higher margins could push farm exports to FY22 level despite ban: experts

Actual agriculture exports in FY22 were $47.41 billion, up almost 19% over FY21. This was among the highest ever agriculture exports in value terms by India

Russia-Ukraine conflict: Dehydrated onion exports from India take a 20% hit

Dehydrated or dried onions are largely exported from India to Europe which lifts 60 per cent of whole, cut, sliced, broken or as powdered bulbs from the country