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Exports of 7 farm commodities fall in May on weak global rates

In all, seven out of 13 main agriculture products that are closely monitored by the Commerce Ministry, were in the negative zone. However, industry experts expressed hope that the global commodity prices would gradually firm up, which would help in pushing up agriculture exports.

July 11, 2016 / 17:32 IST
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Exports of several agriculture products, including tea, coffee, rice and cashew declined in May due to fall in global commodity prices.

Cereals, oil meals and dairy & poultry products too recorded negative growth during the month.

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In all, seven out of 13 main agriculture products that are closely monitored by the Commerce Ministry, were in the negative zone.

However, industry experts expressed hope that the global commodity prices would gradually firm up, which would help in pushing up agriculture exports.