LegalEagle_jpeg-01.jpg

LEGALEAGLE LAW FORUM 

  • Home

  • Blogs

  • Forum

  • Library

  • Opportunities & Events

  • BOOK STORE

  • Members

  • Honorary & Advisory Board

  • Editorial Board

  • More

    Use tab to navigate through the menu items.
    To see this working, head to your live site.
    • Categories
    • All Posts
    • My Posts
    Ishika Jain
    Dash  ·  
    Jun 11, 2021

    Organic Farm exports jump of 51% in Financial Year 2021

    in News Updates

    The organic products are supplied to 58 destinations from India. These products are mainly supplied in U.S Canada, U.K Australia, Switzerland, Israel, and South Korea. During the pandemic, the overseas demand for India’s organic farm product raised up to 51% in the financial year of 2021 beating all covid-induced hiccup in the supply chain.

    The shipments of organic products have hit $1,040 Million in last fiscal whereas compared with $689 Million a year before including a rise in overall agricultural exports- said commerce secretary Anup Wadhawan on Thursday.



    Farm exports rose over 17% in last fiscal to $41.25 billion when the total merchandise shipments shrank by 7% to almost $291 Billion. The exports of organic products grew as much as 39% in last fiscal against the financial year of 2020 which suggests robust growth in demand. The key organic product that was shipped out also includes oil cake and meals, oilseeds, cereals millets, species and condiments, tea, medicinal plant product and many more.


    Regarding overall agricultural exports, the country has experienced impressive growth, despite the logistical and operational challenges posed by the pandemic, as demand for commodities has increased. Exports of agricultural and related products (including marine and plantation products) rose to $ 41.25 billion in AF21 from $ 35.16 billion the previous year, Wadhawan said. Those exports stagnated for two years - $ 38.43 billion in AF18 and $ 38.74 billion in AF19 - before declining in AF20.


    The bumper harvest of some crops, especially cereals, the efforts made by exporters in difficult times, the attractive prices abroad, and the push of the government through various initiatives, including an agricultural export policy, the creation of clusters, and easier compliance, exports have increased.

    Wadhawan said exports of non-basmati rice increased 136% to $ 4,794.54 million; 774% wheat to $ 549 million; and other grains (millet, corn, and other coarse earnings) by 238% to $ 694 million. Other agricultural products that experienced a substantial increase in exports were sugar (42% to $ 2,790 million), raw cotton (79% to $ 1,897 million), oil flours (90% to $ 1,575 million), vegetables fresh (11% to 721 million) and vegetable oils (254% to $ 603 million).


    The United States remained the largest market for Indian agricultural products, followed by China, Bangladesh, the United Arab Emirates, and Vietnam.




    0 comments
    Comments
    0 comments

    Subscribe Form

    Thanks for submitting!

    legaleagle.official@gmail.com

    Mobile numbers- 8888590697, 7776044305

    • Twitter
    • YouTube
    • Instagram

    ©2020 by LegalEagle