India's agriculture exports declined by 8.8 per cent to USD 43.7 billion during April-February period of 2023-24 fiscal due to factors like the Red Sea crisis, Russia-Ukraine war, and domestic restrictions imposed on critical items like rice, wheat, sugar and onion.
According to the data of the commerce ministry, the exports stood at USD 47.9 billion in April-February 2022-23
The data also showed that exports of the 719 scheduled agri products in the APEDA basket declined by 6.85 per cent to 22.4 billion during the 11-month period of the last fiscal as against USD 24 billion in April-February 2022-23
However, among 24 principal commodities (in APEDA basket), 17 have recorded positive growth during the period and that included fresh fruit, buffalo meat, processed vegetables, basmati rice and banana
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