FE
Despite the dent from curbs in exports of rice and other farm produce, India’s agriculture exports this financial year are expected to reach the last year levels of $53 billion, a senior official said Thursday
“We expect that we would reach that level in spite of $ 4.5 billion-USD 5 billion impact due to the restrictions,” Additional Secretary in the commerce ministry Rajesh Agrawal told reporters here on Thursday.
The government this year banned exports of non-basmati rice and put curbs on sugar and onion exports. Last year India exported $ 11.14 billion of rice. In April-November rice exports declined 7.65 per cent to $ 6.5 billion. Though only basmati rice exports are now allowed there has been an increase in export volume and value realisation.
