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Agri exports likely to reach $53 billion this fiscal

by Blitzindiamedia
December 22, 2023
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NEW DELHI: India’s agriculture exports this fiscal are expected to touch 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.

The official said that the export ban and restrictions on these commodities may hit exports of about $4-5 billion this fiscal. In 2022-23, the country’s agri exports stood at $53 billion.

“In the next three years, we are hoping to increase banana exports to $1 billion,” he said, adding as India has successfully developed sea protocols for bananas, the exercise will be done for more fruits to boost the country’s exports in this segment.

India is developing sea protocols for various fresh fruits and vegetables like bananas, mangoes, pomegranates and jackfruit to promote their exports through ocean routes. 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.

Tags: Agricultureexportsfiscal
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