Agri products export up by over 25% in first 10 months of FY 2021-22: Govt to LS
India’s export of agricultural products have touched USD 40.87 billion in the first 10 months of the current fiscal and it is 25.14 percent more than the financial year, Union Minister of State for Commerce Anupriya Singh Patel said in Lok Sabha on Wednesday. Patel said exports of some other major agricultural products like wheat, sugar and cotton have registered a substantial increase during the current year.
“During the period between April 2021 to January 2022 of the current financial year, exports of agricultural products have amounted to USD 40.87 billion compared to USD 32.66 billion over the corresponding period of previous year, registering an increase of 25.14,” she said during Question Hour.
Patel said of the products for which targets were fixed, export of some of the major items like rice, other cereals, coffee cereal preparations, meat, dairy and poultry products and marine products would achieve or come very close to achieving the targets for 2021-22.
Madhya Pradesh identifies 3.75 mt wheat for exports
The Madhya Pradesh government has decided to use the unprecedented opportunity of wheat exports for India to establish brand MP of wheat at the international level.
In a meeting held with top 20 wheat exporters of the country in Bhopal on Tuesday, chief minister Shivraj Singh Chauhan said the exporters will have to mention MP Sharbati Wheat in their invoice instead of just writing wheat.
The MP government has said it has an additional quantity of 3.75 million tonnes in 19 districts of the state, which can be made available for exports on “priority”.
India extends stock limit on oilseeds, edible oils by six months
India has extended a stock limit on oilseeds and edible oils by six months to Dec. 31, 2022, in an attempt to check hoarding and arrest rising prices, the government said late Wednesday.
India is the world’s biggest importer of edible oils and prices of cooking oils have risen sharply because of a rally in global prices.
For edible oils, the limit would be three tonnes for retailers and 50 tonnes for wholesaler and it would be applicable until the year end, an official statement said. Oilseed processors could hold stocks up to 90 days of their daily production capacity.
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