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Agri exports grew to $31.05 bn and anticipated to exceed $50 bn in 2022.

Agri exports grew to $31.05 bn and anticipated to exceed $50 bn in 2022

India’s agricultural exports, comprising marine and plantation items, grew 23.21% to $31.05 billion from April to November 2021, and are anticipated to exceed $50 billion for the ‘first time’ this fiscal year, according to the commerce ministry on Thursday. During the ongoing COVID-19 pandemic, the government has taken many initiatives to increase exports.

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These steps include extending the validity of various certifications/accreditations beyond their expiration dates; establishing control rooms to handle issues; issuing online certificates for exports; and enabling the opening of more testing facilities.

It claimed that as a result of these activities, India was able to meet global demand, giving a boost to agricultural exports. ‘With the current rate of growth, India’s agricultural exports are projected to exceed $50 billion for the first time in history,’ it stated.

According to the ministry, rice exports are expected to reach 21-22 million tonnes this year. Non-basmati rice, wheat, sugar, and other grain exports have also seen healthy growth.

‘First time’ this fiscal year

Farmers in Telangana, Andhra Pradesh, Maharashtra, Punjab, Haryana, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh, and Madhya Pradesh have benefited from a growth in exports of these crops, according to the report. Furthermore, it stated that marine product exports are expected to exceed $8 billion for the ‘first time’ this fiscal year.

Spice exports are also expected to reach new highs of over $4.8 billion. Despite significant supply-side constraints, coffee exports have increased by roughly 35%, improving returns for coffee growers in Karnataka, Kerala, and Tamil Nadu’ it was added

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The ministry’s actions have aided in boosting exports from undiscovered places, it said, adding that shipments have occurred from clusters such as Ananthpur (banana), Solapur (pomegranate), and Varanasi (fresh vegetables, mangoes),