# Why India’s farm exports may face headwinds | Explained News - The Indian Express

> India's farm trade surplus narrowed slightly in FY2022-23 as agricultural exports reached a record $53.15 billion and imports reached $35.69 billion. Exports are led by marine products, sugar and rice, and the article flags global prices and domestic food inflation as key factors for the current fiscal year.

- Date: 2023-05-07 · published 2023-05-07T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/35893-why-india-s-farm-exports-may-face-headwinds-explained-news-the-indian-express
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Record Indian rice and farm exports sustain demand for global supplies, while rising domestic food inflation could prompt further trade restrictions that tighten world rice markets.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-02-23 | [Strong nine-month show may take India's farm exports past $50 bn in FY22 \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/42691-strong-nine-month-show-may-take-india-s-farm-exports-past-50-bn-in-fy22-economy.md) | +4.9% | +6.0% |
| RICE | 2018-04-28 | [India signs deals with 8 countries for farm exports, looks for more markets \| India News](https://feedsoft.ai/events/65466-india-signs-deals-with-8-countries-for-farm-exports-looks-for-more-markets.md) | -1.0% | -9.7% |
| RICE | 2017-11-29 | [Rice Exports Still Lag — Louisiana Farm Bureau News](https://feedsoft.ai/events/68057-rice-exports-still-lag-louisiana-farm-bureau-news.md) | +0.2% | -4.2% |
| RICE | 2022-11-15 | [Importance of agri exports — and what Govt can do to boost India’s farm trade surplus](https://feedsoft.ai/events/38632-importance-of-agri-exports-and-what-govt-can-do-to-boost-india-s-farm-trade.md) | +1.0% | -4.9% |
| RICE | 2020-09-14 | [Rice, Sugar, and Pulses Lead India's Agricultural Exports - Grainmart News](https://feedsoft.ai/events/51087-rice-sugar-and-pulses-lead-india-s-agricultural-exports-grainmart-news.md) | +2.5% | +2.0% |

## Sources

- indianexpress.com: https://indianexpress.com/article/explained/explained-economics/india-farm-exports-drivers-risks-explained-8596742/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.