Finance
Country’s wheat exports reached an all-time high of ₹ 15,428 crore in value terms in 2021-22 according to official data released by Agriculture Ministry. This value is almost four times higher than that of previous year.
In totality, wheat exports in 2021-22 went up by 54.50 per cent. In fact, in the current financial year (2022-23), wheat export is estimated to increase to more than 100 lakh tonnes from 70 lakh tonnes of export recorded in 2021-22, official sources said.
Meanwhile, the total agriculture and allied sector reported a growth of 24.5 per cent in 2021-22.
In 2021-22, there has been a significant increase in export of several essential commodities over the corresponding fiscal of 2020-21, official sources said.
While wheat exports went up by 54.50 per cent, rice exports rose by 9.24 per cent, coffee by 41.15 per cent, fruits and vegetables (9.91 per cent) and processed food items exports rose by 22 per cent in 2021-22 over the previous fiscal.
With India having sufficient supply of wheat, it has also offered help to nations facing supply crisis and on Friday the government took the decision to send wheat shipments to Egypt.
Several nations like Egypt are facing acute shortage of wheat due to the Russia-Ukraine war as the two embattled nations account for 29 per cent of global wheat exports.
Agriculture Minister Narendra Singh Tomar had told NDTV last week that when exports go up, farmers also get competitive prices for their produce.
When asked how he sees the changing scenario in the wake of Russia-Ukraine war which has impacted wheat availability, Mr Tomar said, “In the present scenario, India is ready and prepared to provide shipments of wheat to meet the needs in the international market. It is our endeavour that Indian farmers get a good market for their produce and their stock meets international standards in terms of production and quality.”
Meanwhile according to Agriculture Ministry figures, in 2021-22, meat, dairy and poultry products have achieved more than 90 percent of their total export target.
Source:NDTV
