Despite restrictions on wheat, rice, and sugar exports, India anticipates a rise in overall agricultural exports.
India's trade minister expects agricultural exports to rise in the current fiscal year (2023/24) compared to last year, even with restrictions on wheat, rice, and sugar exports. This optimism comes despite a projected shortfall of $4-5 billion due to the curbs, implemented to control domestic prices.
The minister, Piyush Goyal, highlighted efforts to diversify exports beyond the restricted staples. He cited data showing an increase in exports of meat, dairy, processed grains, fruits, and vegetables during the first half of the current fiscal year. This suggests that India is aiming to compensate for the limited exports of wheat, rice, and sugar by focusing on other agricultural products.
Leave your comment
Note: HTML is not translated!