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In 2022-23, the country’s agri exports stood at $53 billion. (Photo: Bloomberg)
India’s agriculture exports this fiscal are expected to reach the last year’s level of $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 $53 billion.
“We expect that we would reach that level in spite of $4.5 billion-$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 $1 billion,” he said.
Exports of fruits and vegetables, cereals, meat, dairy and poultry products registered a healthy growth rate during April-November.
Rice exports, however, declined 7.65 per cent to $6.5 billion during the same period.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Dec 21 2023 | 4:52 PM IST
