Agricultural and processed ingredients export from India have rebounded in monetary 12 months 2017-18 at $18.43 billion, recovering from a 5-yr low, driven by way of sturdy extent growth in Rice (each basmati and non-basmati), Guar Gum and dairy products.

The farm product shipments had been up 15% in dollar terms over the previous yr’s $16.03 billion.

Rice accounted for 42% of the entire shipments at over $7.7 billion ($5.7 billion ultimate yr). Also, the better unit price realised by way of exporters contributed to the boom in cost terms.

In extent phrases, Rice shipments passed 12.68 million tonnes in opposition to closing yr’s 10.75 million tonnes. Basmati shipments crossed 4-million tonnes, even as non-basmati exports were estimated at 8.63 million tonnes for the 12 months.

The exports of Guar Gum, which had declined in recent years, rebounded on sturdy call for from international locations including america and Norway. Guar gum exports grew 40% to $647 million ($463 million).

However, Groundnut shipments dropped by using 35% to $525 million ($810 million) due to poor offtake from countries such as Vietnam.

Shipments of pulses rose 19% to $227 million ($191 million) after the Centre eliminated all curbs on exports lately.

While Wheat shipments had been down from the earlier 12 months, the exports of different cereals, which includes Maize, registered a 16% growth at $247 million at some point of 2017-18.