APN News

  • Sunday, October, 2020| Today's Market | Current Time: 02:53:43
  • Export of essential Agri commodities increases by 43.4 per cent during first half of current fiscal

    Published on October 11, 2020

    Union Ministry of Agriculture has said that the export of essential agri commodities for the cumulative period of April-September, 2020 has increased by 43.4 per cent to over Rs 53,626 crore as compared to nearly Rs 37,397 crore in the same period last year. 

    The Ministry said, major commodity groups which have recorded positive export growth during April to September, 2020 as compared to April to September, 2019 are Groundnut, Refined Sugar, wheat, Basmati Rice and Non-Basmati Rice. It said, India’s agricultural export of essential agricultural commodities during September 2020 is Rs 9,296 crore against export of Rs 5,114 crore during September 2019, showing an increase of 81.7 per cent.

    In order to boost agri exports, the government announced Agriculture Export Policy-2018 which inter-alia provides for a cluster-based approach for export-centric farming of cash crops like fruits, vegetables and spices. The Ministry said recently, the government has also announced Agri Infra Fund of Rs 1 lakh crore to improve agri business environment which shall promote agri export in due course.

    Loading...