agricultural exports: India’s agricultural exports to rise regardless of curbs on wheat, rice, sugar

The world’s second-largest producer of wheat, rice and sugar, India restricted exports of those commodities final yr in a bid to rein in rising home costs.

These restrictions are more likely to trigger a shortfall of about $4 billion to $5 billion this yr, Reuters reported final month.

“We had agri exports within the mixture of about $53 billion in 2022/23, and we count on the quantity to extend within the present yr regardless of the restrictions positioned on export of rice, wheat or sugar,” commerce minister Piyush Goyal mentioned in his handle to a convention in New Delhi.

Information from state-run commerce physique APEDA confirmed that exports of meat and dairy, cereal preparations, and vegatables and fruits rose between April and November this yr.