04/04/2020

shermancountycd

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Weak demand, pricing hit agri exports in April-December

India’s farm deliver exports ongoing to stay in the crimson for the first 3 quarters of the existing monetary year, even with a late select-up in shipments of basmati rice.

Whole agri shipments were being down by 13 for every cent in greenback conditions at $11.sixty four billion as in contrast with $13.35 billion in the exact period of time of the prior year. In rupee conditions, the worth of shipments for the April-December 2019-twenty period of time stood 11.51per cent reduce at ₹81,901 crore (₹92,558 crore in exact period of time past year).

The decline in exports is mainly on account of weak demand for a bulk of the items, which includes non-basmati rice, buffalo meat, guargum, pulses, contemporary fruits and vegetables. Also a dip in pricing for many of these commodities contributed to the decline in total shipments.

Basmati shipments stood at two.83 million tonnes valued at $two.97 billion for April-December 2019-twenty as in opposition to two.86 million tonnes valued at $3.07 billion in exact period of time past year. Normal realisations were being down marginally at $one,050 for every tonne as in opposition to $one,075 for every tonne in the exact period of time past year. Basmati accounted for twenty five.58 for every cent of whole shipments and was the most significant item in the APEDA’s farm deliver export basket.

Non-basmati rice shipments were being down sharply at 3.56 million tonnes as in opposition to five.73 million tonnes in the exact period of time past year. In worth conditions, non-basmati rice shipments were being down 37 for every cent at $one.45 billion as in opposition to $two.29 billion. Non-basmati accounted for 12.five for every cent of whole shipments.

Buffalo meat shipments were being reduce at eight.nine lakh tonnes in the April-December period of time as in contrast to nine.28 lakh tonnes in the corresponding period of time of the prior year. In worth conditions, buffalo meat exports stood at $two.51 billion as in opposition to $two.27 billion. Buffalo meat accounted for 21.sixty four for every cent of total shipments.

Shipments of groundnuts were being up the two in worth and quantity. Groundnut exports all through the April-December period of time stood at 4.fifty four lakh tonnes (3.57 lakh tonnes). In worth conditions, groundnut shipments were being up 42 for every cent at $489 million ($346 million).

Other main items this sort of as guargum, pulses, contemporary vegetables and fruits saw a contraction all through the period of time. Curiously, processed vegetables registered a marginal enhance.