India is capturing new markets namely, Timor-Leste, Papua New Guinea, Brazil, Chile, and Puerto Rico for export of rice.
India has witnessed significant growth of 132 per cent in export of (Non-Basmati) Rice. Export of Non-Basmati Rice has gone up from Rs 13,030 crores in 2019-20 to Rs 30,277 crores in 2020-21.This increase in exports is on account of multiple factors, mainly being India capturing new markets namely, Timor-Leste, Papua New Guinea, Brazil, Chile, and Puerto Rico. Exports were also made to Togo, Senegal, Malaysia, Madagascar, Iraq, Bangladesh, Mozambique, Vietnam, Tanzania Rep and Madagascar.
India also enhanced export of Soya meals by 132 per cent. Soya meal has gone up from Rs 3087 crores in 2019-20 to Rs 7224 crores in 2020-21. Other commodities of Agri& Allied basket witnessing significant increase in export during April, 2020 to February, 2021 as compared to corresponding period during 2019-20, have been Spices (Rs 26257 crore vs Rs 23562 crore; growth 11.44 per cent), Sugar(Rs 17072 crore vs Rs 12226 crore; growth 39.64 per cent), Raw Cotton(Rs 11373 crore vsRs 6771 crore; growth 67.96 per cent ), Fresh Vegetable (Rs4780 crore vs Rs 4067 crore; growth 17.54 per cent) and Processed Vegetables (Rs 2846 crore vs Rs 1994 crore; growth 42.69 per cent)etc.
The imports of Agri and allied commodities during April, 2020 – Feb, 2021 were Rs. 141034.25 Crore as compared to Rs. 137014.39 Crore in the same period last year witnessing a slight increase of 2.93 per cent.
Despite COVID-19, balance of trade in agriculture has favourably increased during April, 2020 – Feb, 2021 to Rs. 132,579.69 Crore as against Rs. 93,907.76 Crore during the same period in 2019-20.
