Friday, August 11, 2017

Agriculture export falls to USD 33.87 billion in FY17

Agriculture export of India decreased to USD 33.87 billion in 2016-17 against USD 43.23 billion in 2013-14.

Agriculture export of India decreased to USD 33.87 billion in 2016-17 against USD 43.23 billion in 2013-14, Parliament was informed on Wednesday.

The reason behind the downfall in agricultural export was the lower commodity prices in the international market, which has made the exports uncompetitive, said by Nirmala Sitharaman Commerce and Industry Minister in the Rajya Sabha.

On the other side, the import of agricultural commodities (including plantation and marine products) in 2016-17 soared to USD 25.09 billion from USD 15.03 billion in 2013-14.

Both export and import of agricultural commodities depend on various factors such as availability, international and domestic demand and supply situation and quality concerns.

The minister added, edible oils and pulses, which are in short supply in India, account for the bulk of India's import of agricultural products
 During the last three years, the share of agricultural exports in total exports of the country has declined marginally and dropped to 12.26% in 2016-17 from 12.59% in 2014-15, she added.

Agriculture export of India

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