The six-year-old Agricultural Export Policy (AEP) is set to undergo a review to address shifting global market trends and diversify India’s export portfolio.

The revamp aims to boost the global competitiveness of Indian agricultural products, align with international standards, and promote value-added exports. It will also prioritize strengthening trade relationships with emerging markets while maintaining strong ties with traditional partners.

India, the world’s eighth-largest agricultural exporter, witnessed a decline in exports from $51.12 billion in FY23 to $48.77 billion in FY24. Factors such as changing global demand, evolving trade alliances and advancements in agricultural technology have significantly shaped export trends and destinations in recent years.

The review will evaluate the current policy’s effectiveness and identify opportunities for improvement. Key objectives include increasing exports of processed foods, tapping into new markets, and meeting the growing demand for organic products. Upgrading export infrastructure to achieve revised targets will also be a focal point.

India’s agricultural exports encompass a wide range of products, including rice, wheat, vegetable oils, fresh produce, spices, cashew nuts, marine items, sugar, coffee, tea, dairy, poultry, and herbal products. Major export destinations include the UAE, Singapore, the US, and emerging African markets such as Tanzania, Angola, and Ghana.

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