Agri Exports would be the same as last year, despite Export Restrictions

India’s Agriculture Exports this fiscal are expected to reach the last year’s level of 53 billion US dollars despite restrictions imposed on shipments of certain key commodities, including non basmati rice, wheat,  Sugar and Onions, according to a senior government official.

In 2022-23, the country’s agri exports stood at 53 billion US dollars.”We expect that we would reach that level in spite of about five billion US dollar impact due to the restrictions,” Additional Secretary in the commerce ministry Rajesh Agrawal told reporters.

The government has prohibited exports of wheat and non-basmati white rice and has imposed curbs on sugar and Onion exports. The government however 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 US dollars,” 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 US dollars during the same period.