Impetus Logo

P: +91 98251 57868

E: info@impetix.com

+91 98251 57868

info@impetix.com

Banner

India can explore export opportunities in 19 agro-based commodities: FAO

India can explore export opportunities in 19 agro-based commodities that together have a global market of USD 97.6 billion, recent data from the Food and Agriculture Organisation of the United Nations shows. India’s share in the global market for these products currently stands at a miniscule 1.5%, with India exporting USD 1.49 billion worth of these commodities in 2017.

Except for coir and coir products, India does not have a significant market share in most of these identified 19 commodities.

Despite being a major producer, India’s share in exports of bananas, oranges, chicken meat and milk products such as cheese and buttermilk is miniscule.

Thus, there is a huge unrealized export market for India’s farm commodities, which can be explored by food processing companies and mega food parks that are envisaged under the Central Government scheme. Government of India is offering financial support to around 40 mega food parks across various parts of the Country.

Maharashtra, which is the second-largest exporter of agro commodities stands to benefit from this unrealized export opportunity. The State will have three of the 40 mega food parks that are being implemented across the Country. These three parks are being set up in Paithan, Satara, and Wardha for processing fruits, vegetables, foodgrains, and milk.

Of these 19 farm commodities, Maharashtra has been a dominant exporter of only grapes, mangoes, onions, and dehydrated vegetables. The State can upgrade its export capability in dairy products, poultry products and cereals such as sorghum and maize.

However, Maharashtra will have to improve its global competitiveness on par with leading farm exporters such as New Zealand, USA, Brazil, Belgium, Australia, Argentina, and others to capture this huge world market for food commodities.

India can enhance its agro exports through a coordinated action plan with the participation of Government, trade support institutions, including quality standards authorities, export promotion councils, and entrepreneurs.

GET IN TOUCH WITH US

If you are positive about our products or services feel free to get in touch via your preffered method.Send your detailed inquiry, and One of our team member will contact you at earliest

LATEST NEWS

India can explore export opportunities in 19 agro-based commodities: FAO

India can explore export opportunities in 19 agro-based commodities that together have a global market of USD 97.6 billion, recent data from the Food and Agriculture Organisation of the United Nations shows. India’s…read more

30, Dec, 2019

In a big relief to exporters, SBI withdraws e-BRC charges

In what can be termed as a major relief to exporters, the State Bank of India (SBI) has decided to withdraw charges levied on the issuance of Bank Realisation Certificate (e-BRC) for the…read more

24, Dec, 2019

What Does 2020 have in store for Shipping : BIMCO

One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling trade-to-GDP ratio, according to BIMCO’s Chief Shipping Analyst…read more

21, Dec, 2019

CII identifies 18 emerging economies & 53 products to boost export

CII has identified 18 developing economies that hold the promise of sustained growth over the coming few decades based on current GDP levels and population indicators. These are: Brazil, Mexico, Indonesia, Turkey, Thailand,…read more

20, Dec, 2019

India aims to bring down logistics cost to below 10% of GDP : MoS

India aims to bring down logistics cost to below 10 per cent of the GDP from about 14 per cent at present to increase the competitiveness of the manufacturing sector, Som Prakash, Minister…read more

17, Dec, 2019

Commerce Minister (MoS) inaugurates FIEO’s 2nd Edition of LOGIX INDIA 2019

The Federation of Indian Export Organisations (FIEO) launched the “2nd LOGIX INDIA 2019”- International Buyer Seller Meet on December 12, 2019 at New Delhi with the active support from Ministry of Commerce &…read more

16, Dec, 2019

Commerce Minister highlights benefit of FTAs to Small Exporters

The Minister of Commerce and Industry, Piyush Goyal, recently informed the Parliament that Free Trade Agreements (FTAs) signed by India provide tariff concessions thereby giving opportunities for exports of products including those related…read more

14, Dec, 2019

Withdrawal of additional export benefit to hit shipments of farm, marine, engineering products

A DGFT notification has said the additional 2 per cent incentive under MEIS would lapse on December 31. The Government’s decision to withdraw by the year-end the additional 2 per cent incentive given…read more

13, Dec, 2019

India’s engineering exports can reach target of USD 1 trillion by next year

Union Minister Mr. Hardeep Singh Puri, hoped that by next year India’s engineering exports will reach the target of USD 1 trillion. He gave away the Engineering Export Promotion Awards (EEPC) for the…read more

13, Dec, 2019

Export benefits of additional 2% under MEIS to end Dec 31 : DGFT

Ahead of a new export incentive scheme – Remission of Duties or Taxes on Export Products (RoDTEP)-to be rolled out from next year, the Director General of Foreign Trade (DGFT) recently issued a…read more

11, Dec, 2019

© 2024 All Rights Reserved by Impetus Prolific

Designed & Developed by TechnoEmpire Systems

Quick Inquiry