India’s share in world food grains market based on export values stands at 7.79% in 2022

India’s share in world food grains market based on export values stands at 7.79% in 2022

• India’s share in the world food grains market, based on the exported values in 2022, was 7.79% (Source: ITC Trade Map calculations based on UN COMTRADE and ITC statistics).

• India’s exports of foodgrains have registered a steady growth in last few years which is reflected in the increase in India’s share in world foodgrain exports from 3.38% in 2010 to 7.79% in 2022 as per UN COMTRADE statistics. 

• The Agricultural & Processed Food Products Export Development Authority (APEDA), a statutory body under the administrative control of Department of Commerce, has been providing financial assistance to the exporters of agricultural and processed food products, including foodgrains, under components such as Development of Export Infrastructure, Quality Development and Market Development under its scheme namely “Agriculture & Processed Food Export Promotion Scheme of APEDA”. APEDA assists exporters in promoting exports by organising buyer-seller meets (BSMs); participation in international trade fairs and exhibitions; taking up the Sanitary and Phytosanitary (SPS), Technical Barriers to Trade (TBT) and Market Access issues with the importing countries; and regular interactions with the Indian Missions to tap export opportunities in various countries.

Also Read: Weekly Current Affairs (International) 25-30 June 2023 Bitbank: Which country invented the world's first Nano urea, and IFFCO has started exporting?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 22 Jul 2023 06:07PM