Export from Madhya Pradesh, a leading agriculture commodities growing state, may remain flat or edge down in the ongoing fiscal ending March due to export curbs on wheat, sugar and rice, said a senior official from directorate general of foreign trade on the sidelines of an event.
“Even though we have very good food production and favourable export condition in the state, the ban on exports of wheat, sugar and non-basmati rice may result in stagnant or slow exports in the fiscal year 2023-24 since Madhya Pradesh is one of the largest exporters of these commodities.” said Suvidh Shah, DGFT joint director, Madhya Pradesh on the sidelines of the export conclave.
Cereals contribute around 13 per cent in the total export basket of Madhya Pradesh.
In FY 2022-23, exports from Madhya Pradesh stood at Rs 65,878 crore, up 13 per cent from a year ago. Of these, exports of cereals were Rs 8,711 crore.
Rice exports between April 2023 and November 2023 stood at Rs 2,423 crore, latest data from the DGFT showed. Total exports of rice and wheat were Rs 2,920 crore and Rs 5,325 crore respectively in FY 23.
More than 5000 items are exported from MP like pharmaceuticals, cereals, machinery, cotton, textiles, plastic articles, automobile, edible vegetables and among others.
Shah expects an encouraging growth in exports from the state in the next financial year led by engineering products and rice.
“Exports from MP in the next financial year 2023-24 may go up due to engineering products and the setup of several rice mills in the eastern part of the state. Around 200 rice factories have come in eastern MP in the last fiscal and these industries will help in lifting exports of rice,” said Shah.
The export conclave organised by Federation of Indian Export Organisations (FIEO), saw participation from more than 80 exports of Indore and nearby areas and interactive sessions with senior government officials from DGFT, customs on export insurance and export related schemes.
Speaking on the sidelines of the event, Rajesh Kumar Mishra, ADGFT, Mumbai said, “Export growth is stagnating. It is a difficult year for exports based on what we see from the national figures. Overall volume is coming down due to various geopolitical factors.”
He said PM Mitra Park is very well designed and is seen giving a fillip to the country’s textile exports.
