Agricultural Trade

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 India has emerged as a significant agriexporter in a few crops viz. rice, cotton, sugarcane, cashew nut, castor seed and groundnut. As per WTO’s Trade Statistics, the share of India’s agricultural exports and imports in the world agriculture trade in 2015 were 2.26% and 1.74%, respectively.

 Agricultural exports increased from Rs. 2, 27,193 crore in 2012-13 to Rs. 2, 27,554crore in financial year 2016-17 registering a growth of nearly 0.15%.

 The share of agricultural exports in India’s total exports decreased from 13.90% in 2012-13 to 12.27% in 2016-17.

 India’s top 5 agricultural commodities in terms of value in 2016-17 (Exports):

BASMATI  RICE -21%

SPICES -19 %

RICE OTHER THAN BASMATI- 16%

COTTON RAW- 10%

SUGAR 8%

 Total exported value of agri& allied export is 227554 crores in 2016-17.
 India’s agricultural imports increased from Rs. 95,719crore in 2012-13 to Rs1, 64,680crore in 2016-17 registering a growth of nearly 72%. Share of agricultural imports in the total imports increased from 3.59 % in 2012-13 to 6.42 % in 2016-17.
 India’s top 3 agricultural commodities (Imports):
 Import duty on sugar was increased from 40% to 50% and on wheat has been increased from 10% to 20% and on peas from 0% to 50%, on crude palm oil has been raised from 15% to 30%, on refined palm oil form 25% to 40%

         RICE →PLUSE→FRESH FRUITS

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