India Anticipates Growth In Agricultural Exports Despite Curbs On Wheat, Rice, and Sugar

1. India Anticipates Growth In Agricultural Exports Despite Curbs On Wheat, Rice, and Sugar India’s Trade Minister stated on 8th January that India's agricultural exports will rise in FY 2023-24 from last year despite the curbs on wheat, rice and sugar exports, amid efforts to diversify shipments. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodity sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them. Agro-commodity producers and agro commodity sellers can easily get the best price on the platform if they sell agro-commodities in bulk while buyers can buy agro-commodities in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. Agri-Commodity Export Policy India, the second-largest producer of wheat, rice, and sugar in the world, imposed export restrictions on these goods last year in an effort to control rising domestic prices. It was reported last month that these restrictions are expected to result in a $4 billion to $5 billion shortfall this year. Trade Minister Piyush Goyal stated at a conference in New Delhi, “We had agri exports in the aggregate of about $53 billion in 22-23, and we expect the number to increase in the current year despite the restrictions placed on export of rice, wheat, or sugar.” Exports of meat and dairy products, cereal preparations, and fruits and vegetables increased between April and November of this year, according to data from the state-run trade organization APEDA.

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