India’s agri exports: India’s agri exports more likely to attain USD 53 bn this fiscal: Govt official

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India’s agriculture exports this fiscal are anticipated to succeed in the final yr’s stage of USD 53 billion regardless of restrictions imposed on shipments of sure key commodities, together with rice, wheat and sugar, based on a senior authorities official. In 2022-23, the nation’s agri exports stood at USD 53 billion.

“We count on that we’d attain that stage regardless of USD 4.5 billion-USD 5 billion influence as a result of restrictions,” Extra Secretary within the commerce ministry Rajesh Agrawal advised reporters right here on Thursday.

The federal government has prohibited exports of wheat and non-basmati white rice and has imposed curbs on sugar exports.

He stated the federal government is selling exports of latest merchandise like bananas and value-added millet merchandise to new international locations.

“Within the subsequent three years, we hope to extend banana exports to USD 1 billion,” he stated.

Exports of vegatables and fruits, cereals, meat, dairy and poultry merchandise registered a wholesome development price throughout April-November. Rice exports, nevertheless, declined 7.65 per cent to USD 6.5 billion throughout the identical interval.

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