India’s Agriculture Trade Summary for 2020-21

  • IASbaba
  • June 14, 2021
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India’s Agriculture Trade Summary for 2020-21

Part of: GS Prelims and GS III – Economy

In news

  • After remaining stagnant for the past three years, the export of agriculture and allied products during 2020-21 jumped to $ 41.25 billion, indicating an increase of 17.34%.
  • Largest markets for India’s agriculture products: USA, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia.
  • Key agricultural commodities exported: Marine products, rice, buffalo meat, spices etc.
  • The organic exports during 2020-21 registered a growth of 50.94%.
  • Organic exports include: Oil cake/ meals, oil seeds, cereals and millets, spices and condiments, tea, medicinal plant products, dry fruits, sugar, pulses, coffee etc. 

The growth is attributed mainly to:

  • Opportunities offered due to Covid-19 offered like sharp rise in global commodity prices. 
  • Various programmes emerging from Agriculture Export Policy, 2018
  • Improved market access: India has recently gained market access for pomegranate in Australia; mango and basmati rice in Argentina 
  • Capturing of new markets in foriegn countries
  • Adherence to European Union norms 
  • GI tag to domestic products for recognition in international market

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