COVID-19 outbreak could help agri exports

Why is it in the news?
  • In the wake of the COVID-19 outbreak, the Centre has identified 21 agricultural products, in which Indian exports could benefit from trade restrictions against Chinese goods.
More in the news
  • Products:
(1) The 21 agricultural products includes honey, potatoes, grapes, soya beans and groundnuts, mangoes, tamarinds, lychees etc.
  • Value share:
(1) The total value of China’s global exports of these products amounted to $5488.6 million in 2018.
(2) India exported $4,445.9 million worth of these commodities in the same period.
  • Opportunities:
(1) There may be opportunities for Indian exporters of agri-items, in case some countries impose restrictions on Chinese goods.
(2) Finance Ministry analysing the disruptions in global supply chains due to the COVID-19 crisis and chart a government response.
Source
The Hindu.
Posted by Jawwad Kazi on 10th Mar 2020
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