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Indian Agricultural Exports Increase 18% Despite Covid | India News

Indian Agricultural Exports Increase 18% Despite Covid | India News

Products that posted significant positive growth in exports were wheat, rice (not basmati), soy flour, spices, sugar, raw cotton, fresh vegetables, processed vegetables, and alcoholic beverages.

NEW DELHI: India exported agricultural and related products worth Rs 2.74 lakh crore during April 2020 to February 2021 compared to Rs 2.31 lakh crore in the same period of the previous year, registering an increase of 18%.
Products that posted significant positive growth in exports were wheat, rice (not basmati), soy flour, spices, sugar, raw cotton, fresh vegetables, processed vegetables, and alcoholic beverages. Wheat export recorded strong growth over the past year, from Rs 425 million to Rs 3,283 million, an increase of 727%.
The Nafed had exported 50,000 tons of wheat to Afghanistan and 40,000 tons of wheat to Lebanon under government to the government’s agreement. “Even during the difficult time of the pandemic, India was careful not to disrupt the global food supply chain and continued to export,” the Ministry of Agriculture said in a statement on Wednesday.
During April 2020-February 2021, the country imported agricultural products worth Rs 1.41 lakh crore compared to Rs 1.37 lakh crore in the same period last year, which saw an increase of almost 3%.
Referring to the export and import figures, the ministry said: “Despite Covid-19, the trade balance in agriculture has increased during April 2020 – February 2021 to Rs 1,32 lakh crores versus Rs 93,907 crore during the same period in 2019-20 ”.

Times of India

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