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India’s agri-commodities exports decline 36% in September

11 Dec 2023 Evaluate

Export of agri-commodities (including basmati rice) declined 35.83% to 17.93 lakh tonnes in September 2023 compared to 27.94 lakh tonnes in the previous month. Exports of agri-commodities in April and May were around 33 lakh tonnes each. However, shipments of farm items fell to nearly 18 lakh tonnes due to several restrictions on the export of various varieties of rice, including broken rice and non-basmati white rice. 

In value terms, the export of farm items declined to Rs 14,153 crore during September from Rs 18,128 crore in August of this fiscal. Much of the exports in September were non-basmati exports which stood at 425,000 tonnes, basmati rice at 121,000 tonnes, fresh onions at 151,000 tonnes, and buffalo meat at 121,427 tonnes.  Total export of agri-commodities in April-September stood at 172.27 lakh tonnes. 

The export of certain agricultural commodities has taken a hit this year because of the prohibition on various varieties of rice, the imposition of a minimum export price on basmati rice to boost domestic supply and check food inflation.

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