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India’s agriculture exports dip 22% in 2016-17

India’s agriculture exports dip 22% in 2016-17

India's agricultural exports have declined to US$ 33.87 billion in 2016-17 from US$ 43.23 billion in 2013-14, the Minister of Commerce said in the Rajya Sabha

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India's agricultural exports have declined to US$ 33.87 billion in 2016-17 from US$ 43.23 billion in 2013-14, replying to a question, Minister of State (Independent Charge) for Commerce and Industry, Nirmala Sitharaman said in the Rajya Sabha on Wednesday.

The primary reasons for decline in export of agricultural commodities are low commodity prices in the international market, "which has made our exports uncompetitive," the Minister informed the Parliament.

However, import of agricultural commodities, including plantation and marine products in 2016-17 rose to US$ 25.09 billion from US$ 15.03 billion in 2013-14.

She added that export and import of agricultural products depend on various factors such as availability, international and domestic demand and supply situation and quality concerns.

"Edible oils and pulses, which are in short supply in India, account for the bulk of India's import of agricultural products," Sitharaman said.

In a separate reply, Sitharaman said the share of agricultural exports in total exports of the country has declined marginally during the past three years.

It has declined to 12.26 per cent in 2016-17 from 12.59 per cent in 2014-15.

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