Possibilities of Increase in Exports this year due to Good Monsoon
August 22, 2017 at 2:43 PM ,
Rainbow Exports
Possibilities of Increase in Exports this year due to Good Monsoon
According to the annual DGCIS report of the Ministry of Commerce and Industry, the export of agricultural and allied products from India decreased by 25 per cent to $ 24.69 billion in the year 2016-17, while in 2014 The export of agricultural products in the report, the export was $ 32.95 billion. The main reason for this is that due to drying in the country for two consecutive years since FY 2014, the crop production of many crops declined. These included sugarcane, paddy crop and oilseed crops.
According to the chief agricultural economist of Banaras Hindu University, which has been studying for many years on the demand of Indian commodities in export of agricultural products and demand of Indian commodities, "With the normal monsoon this year, the production of all types of Kharif crops is likely to be good, Exports will also improve. But exports of agricultural products depend on global agricultural markets as well as production. Therefore, unless the prices of Indian commodities in foreign markets increase, there is no hope of a huge increase in exports. "
Exports of traditional crops (wheat-rice) in global markets have declined sharply in the last few years. According to APEDA, the 2015-16 wheat export has seen a huge decline of 81.72 per cent in volume and 82.91 per cent according to the value. This is also for the export of rice, In the year 2015-16, 5.7 million tonnes of non-basmati rice was exported to 13 thousand crores, while in the year 2014-15, 7.6 million tonnes of rice was exported to 19 thousand crores. Due to low production of rice last year this year the government has banned export of Basmati rice. Thus, due to good monsoon this year, the export of paddy cultivation can improve.
This time, the rain has increased the production of sugarcane, which can increase the export of sugar this time. In addition to the areas where there has not been much rainfall, there has been a rise in the production of paddy crop, which is Good sign for the export of agricultural products.
About 60 percent of the country's total production of Jaggery is prepared in Uttar Pradesh alone. Due to good rainfall in western Uttar Pradesh, production of sugarcane has increased this year.
According to the Agricultural and Processed Food Products Export Development Authority (APIDA), India is considered as a major trader and exporter of Jaggery in the world. During the year 2015-16, India has exported good quantity of in Singapore, Nepal, United Arab Emirates, Kenya, and Sudan. This year, due to the increase in sugarcane cultivation in districts of Muzaffarnagar and Saharanpur, the export of Jaggery may increase than previous year.
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