India’s agricultural exports fell by 10% in April-November due to reduced grain supplies.

Indian agricultural exports tracked by APEDA fell by a tenth between April and November of the current fiscal year, mainly due to lower supplies of cereals, except basmati rice. According to the latest preliminary data from APEDA, agricultural exports during April-November 2023-2024 stood at $15.729 billion, down 9.73 percent from $17.425 billion in the same period last year. Basmati rice shipments rose 17.58 percent, or $3.7 billion, from $2.87 billion in the same period last year, thanks to higher purchases from buyers such as Saudi Arabia and Iraq. Quantitatively, basmati rice exports increased by 9.6 percent to over 29.94 million tonnes compared to 27.32 million tonnes in the same period last year. Non-basmati rice shipments, however, fell by a quarter as the government imposed export restrictions in July last year to improve domestic availability and curb prices.

Exports of non-basmati rice were $3.07 billion from April to November compared to $4.10 billion last year. In terms of volume, non-basmati shipments declined by 33 percent to 76.92 million tonnes from last year’s 115.7 thousand tonnes. Wheat exports fell 98 percent to $29 million from $1.50 billion last year. Exports of other grains fell 38 percent to $429 million from $699 million last year. However, exports of livestock products, led by buffalo and chicken products, increased by 6.31 percent to $2.88 billion during the period, compared to $2.70 billion last year. Buffalo meat exports rose 13 percent to $2.40 billion ($2.17 billion in the fiscal year April-November 2022-2023), while shipments of poultry products rose about 39 percent to $113 million ($82 million).

Dairy products, however, fell 32.86 percent to $283 million ($421 million). Fresh fruit and vegetable shipments rose 20 percent to $1.19 billion ($991 million), while processed fruit and vegetable shipments also rose 8 percent to $1.41 billion ($1.31 billion). Other processed foods, including peanuts, guar gum, spirits and powdered products, rose 3.9 percent to $2.96 billion ($2.85 billion). Guar gum shipments fell 20 percent to $352 million ($443 million), while peanut shipments rose 9 percent to $504 million ($461 million). Similarly, floriculture exports rose by 2.41 percent to $154 million ($150 million). Cashew exports remained unchanged at $213 million during this period.

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