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Date: 23/04/2024

Agri exports dip in FY24

India’s exports of agricultural and processed food products fell marginally – 0.55 per cent on the year – to a value of $24.02 billion during 2023-24, primarily because rice shipments plunged amid restrictions. However, in a year when overall goods exports declined by 3.1 per cent on the year, shipments of meat & dairy products and fruits & vegetables witnessed double-digit growth rates. According to the Directorate General of Commercial Intelligence and Statistics, rice exports in the last fiscal dropped 6.5 per cent to $10.4 billion on year because of the ban on white and broken rice exports, shipment duties on parboiled rice, and the ban on wheat exports imposed in May last year. However, livestock products – buffalo meat, dairy and poultry, a key item in the APEDA basket, rose by close to 12% last fiscal to $4.5 billion compared to FY23, said a report.
 
Source: Exim News Service: New Delhi, April 22



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