# Reversal Of Fortunes: From net farm exporter to net importer

> India's agricultural exports fell from $43.2 billion in 2013-14 to $33.8 billion in 2016-17, while imports rose from $15.5 billion to $25.6 billion. The farm trade surplus narrowed from $27.7 billion to $8.2 billion, which the article attributes mainly to global price movements.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/70990-reversal-of-fortunes-from-net-farm-exporter-to-net-importer
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A shift toward net farm imports means India is absorbing more global grain and oilseed supply, which supports world demand, though the change is largely a reflection of past price trends.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-08-17 | [Farm Exports Immerse 10.6 percent in First Quarter of 2019](https://feedsoft.ai/events/57546-farm-exports-immerse-10-6-percent-in-first-quarter-of-2019.md) | -2.0% | +9.1% |
| RICE | 2019-05-07 | [Exports of certain commodities to Maldives exempted from restrictions in 2019-20](https://feedsoft.ai/events/59028-exports-of-certain-commodities-to-maldives-exempted-from-restrictions-in-2019-20.md) | +3.0% | +12.2% |
| RICE | 2019-11-04 | [DGFT notifies EIC/EIA as inspection agency for export of rice to EU](https://feedsoft.ai/events/56039-dgft-notifies-eic-eia-as-inspection-agency-for-export-of-rice-to-eu.md) | +0.6% | +6.4% |
| RICE | 2018-08-13 | [Missouri rice farmers eye export market on banks of Nile River \| STLPR](https://feedsoft.ai/events/63598-missouri-rice-farmers-eye-export-market-on-banks-of-nile-river-stlpr.md) | -1.9% | +2.5% |
| RICE | 2018-09-26 | [Promising future for rice exporters](https://feedsoft.ai/events/63116-promising-future-for-rice-exporters.md) | +3.9% | +9.6% |
| WHEAT | 2022-12-25 | [Over 15M tons of grain exported from Ukraine: Türkiye](https://feedsoft.ai/events/14432-over-15m-tons-of-grain-exported-from-ukraine-turkiye.md) | +0.8% | -7.2% |
| WHEAT | 2021-02-14 | [Export boom leads to higher wheat prices for area farmers](https://feedsoft.ai/events/9250-export-boom-leads-to-higher-wheat-prices-for-area-farmers.md) | +9.4% | +9.0% |
| WHEAT | 2017-02-28 | [Grain Export From Russia To Gear Down](https://feedsoft.ai/events/72348-grain-export-from-russia-to-gear-down.md) | +1.1% | +0.7% |

## Sources

- indianexpress.com: https://indianexpress.com/article/india/reversal-of-fortunes-from-net-farm-exporter-to-net-importer-4683439/

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