US agricultural exports to India rise 250% in last decade

Posted by Daily Shipping Times on 02-11-2017        Tweet

NEW DELHI: American agricultural products have experienced a whopping 250 per cent growth in its exports to India in the last decade, a senior US official has said.

US Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney made the remarks ahead of his five-day visit to India.

"US agricultural exports to India have grown nearly 250 per cent over the past decade, but the Country’s barriers impede exports of many of our products," he said.

McKinney is leading an agribusiness trade mission to India from October 30 to November 3 with stops in New Delhi and Mumbai.

On his first international trip in this position, he will head a delegation of approximately 50 business, trade association and State Government leaders who are seeking to grow US agricultural exports to the World's second-most- populous Country.

US agricultural exports to India totalled nearly $1.3 billion in 2016, with tree nuts, cotton, pulses, fresh and processed fruits, and prepared foods accounting for more than 80 per cent of those exports.

India is also a major market for US ethanol exports. The United States is India’s top ethanol supplier, with sales totalling nearly $176 million in 2016.