Tuesday, 8 September 2020

Agriculture Produce Export India and US

Despite Covid-19 and the lockdown in Globale, India saw an around 23% increase in agriculture farm produce export from April to June compared to the corresponding period last year 2019, with rice and sugar dominating the charts

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Though Basmati rice tops in the list of exported agriculture items in terms of value (Rs 8,591 crore). Rice accounting for a third of India’s Agri export in the first quarter of 2020-21. Where an export of non-Basmati rice that contributed to the highest rise of Rs 2392 crore. Overall, India recorded an increase of Rs 4,818 crore of Agri export compared to 2019 Quater 1. 

Also, India approved an export subsidy of Rs 10,448 ($142.20) per tonne in the 2019/20 season which ends on Sept. 30 2020 in a move that helped sugar mills export a record 5.5 million tonnes. India to maintain sugar export subsidies for the third year in a row.

If we saw the US export as compared to India is much higher in agriculture produce export. According to the US department, these are farm produce soybeans, corn, wheat, and cotton export to different countries. 

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